Royal Sense Limited IPO

Royal Sense Limited was founded in 2023 and offers 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.

 

Royal Sense Limited Financial Information (Restated)

Period Ended30 Jun 202331 Mar 2022
Assets631.1844.62
Revenue464.05126.45
Profit After Tax50.6413.11
Net Worth395.66 
Reserves and Surplus50.6413.11
Amount in ₹ Lakhs

Objects of the Issue (Royal Sense IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Working capital requirement;
  2. Issue Expenses; and
  3. General corporate purposes.

Royal Sense IPO Timeline (Tentative Schedule)

Royal Sense IPO opens on March 12, 2024, and closes on March 14, 2024.

IPO Open DateTuesday, March 12, 2024
IPO Close DateThursday, March 14, 2024
Basis of AllotmentFriday, March 15, 2024
Initiation of RefundsMonday, March 18, 2024
Credit of Shares to DematMonday, March 18, 2024
Listing DateTuesday, March 19, 2024
Cut-off time for UPI mandate confirmation5 PM on March 14, 2024

SHARIAH SCREENING for - Royal Sense Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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