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Royal Sense IPO
Price Band
₹
Issue Size
₹9.86 Cr
Lot Size
2,000 shares
Min Investment
₹136,000
GMP
+₹37.0 (54.41%)
Issue Price
₹68.0
Subject to Sauda
₹56200
Paid only if allotted
Royal Sense IPO AI Summary
- Royal Sense IPO is listed on BSE SME in the Medical Equipment & Supplies sector.
- Subscription window: 12 Mar–14 Mar 2024, listing on 19 Mar 2024.
- Current GMP is +₹37.0 (54.41%) — unofficial and can change daily.
Royal Sense Limited is a newly established company in the medical equipment sector, planning to raise funds to support its working capital and corporate needs. With a positive GMP and a competitive P/E ratio compared to its peers, it presents a potentially interesting opportunity for investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Royal Sense IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Royal Sense IPO Grey Market Premium (GMP) Today
GMP
+₹37.0
GMP %
+54.41%
Est. Listing
₹105.0
Updated: 25 Jul 2026 14:06
About the Company
Founded in 2023, Royal Sense Limited deals in Medical Equipment, Surgical Instruments, Surgical Consumables, Laboratory Equipment, Laboratory Reagents, Medical Disposables and Diagnostic Kits. Before the incorporation of the company, the business was run by Mr. Rishabh Arora as a sole proprietor under the name "M/s Royal Traders, PHT and Anaya". On April 28, 2023, the company was then acquired by Royal Sense Limited along with the assets and liabilities of the company. The company supplies its products to the Ministry of Health Department of various states like Uttar Pradesh, Himachal Pradesh, Rajasthan, Jammu & Kashmir itself and through a network of distributors/ sub-dealers. The company also supplies its products to government institutions and private hospitals across India. As of June 30, 2023, the company employed a total of 8 people in various departments.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 |
|---|---|
| Assets | 5.70 |
| Total Income | 8.04 |
| Profit After Tax | 0.70 |
| NET Worth | 4.15 |
| Reserves and Surplus | 0.70 |
| Total Borrowing | 0.28 |
Key Ratios
EPS
₹2.04
NAV
₹12.04
ROE
17.00%
ROCE
23.00%
RoNW
17.00%
P/B Value
5.65
P/E Ratio
33.33
Market Cap
₹33.32 Cr
PAT Margin
11.00%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Centenial Surgical Suture Ltd. | 57.3 | 2.85% | 42.34 | 2.43 | 2.43 |
| Hemant Surgical Industries Ltd | 30.41 | 32.69% | 17.34 | 10.26 | 10.26 |
| Royal Sense Limited This IPO | 11.47 | 13% | 33.33 | 1.47 | 1.47 |
Promoters
Rishabh Arora
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working capital requirement 6.00 2 General corporate purposes 2.40 3 Issue Expenses 1.46
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
For the period ending September 30, 2023, Royal Sense reported a total income of ₹8.04 Cr. This figure represents the company's revenue generation since its inception.
Profit Trend
The profit after tax for the period ending September 30, 2023, was ₹0.70 Cr, indicating the company's profitability in its early operational phase.
Valuation
Royal Sense Limited has an implied P/E ratio of 33.33 at the issue price. This is compared to its peers, which have P/E ratios ranging from 17.34 to 42.34.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests that the stock may list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is essential to consider the company's growth potential and market position.
Who May Want to Wait
Investors who prefer stable and established companies may want to avoid this IPO, as it is a newly established entity with limited operational history.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the stock. It is important to understand that while some IPOs may experience significant gains on their listing day, others may not perform as expected.
This evaluation is generated from Royal Sense's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Royal Sense IPO GMP today?
Royal Sense IPO GMP today is +₹37.0 (54.41%). GMP is an unofficial grey-market indicator and can change daily.
When does Royal Sense IPO open and close?
Royal Sense IPO opens on 12 March 2024 and closes on 14 March 2024.
When does Royal Sense IPO list on the stock exchange?
Royal Sense IPO listed on 19 March 2024 at ₹105.0.
What is the lot size for Royal Sense IPO?
The lot size for Royal Sense IPO is 2000 shares, requiring a minimum investment of ₹136,000.
What is the issue price of Royal Sense Limited?
The issue price is ₹68.0.
What is the minimum investment required?
The minimum investment required is ₹136,000.
What is the lot size for this IPO?
The lot size is 2000 shares.
When does the IPO open and close?
The IPO opens on March 12, 2024, and closes on March 14, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Mar 2024
Close
14 Mar 2024
Allotment
15 Mar 2024
Listing
19 Mar 2024
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