Royal Sense Limited IPO

Incorporated in 2023, Royal Sense Limited supplies high-quality goods that fulfil international standards required for hospitals, clinics, laboratories and institutions to offer health services. They trade and provide a comprehensive range of surgical accessories, tools, equipment and other things. The supplied assortment can be changed according to the client's requirements and is offered in various parameters. 

The company strives to position itself as the one-stop solution for customers looking to meet their needs for medical equipment, surgical consumables, surgical instruments, laboratory reagents, laboratory equipment, medical consumables, diagnostic equipment, pharmaceuticals, medicine, cosmetics and sanitary napkins. 

The company supplies their products to the Ministry of Health of Various states like Himachal Pradesh, Uttar Pradesh, Jammu & Kashmir, and Rajasthan, and domestically by itself or through distributors/ sub-distributors. They also supply to both Government Institutions and private hospitals all over India.

The medical equipment market in India is anticipated to reach US$ 50 billion by 2025, showing significant growth from the estimated US$ 12 billion in 2020. Positioned as the fourth-largest medical devices market in Asia, following Japan, China, and South Korea, India also ranks among the top 20 globally. With a substantial 75-80% import reliance on medical devices, the Indian market showcases promising potential for expansion in the coming years. Royal Sense Limited will probably benefit from this. 

Royal Sense Limited IPO Details

Royal Sense Limited IPO Date 

Royal Sense Limited’s IPO is open from March 12, 2024 to March 14, 2024. The IPO will be listed on BSE SME.

Royal Sense Limited IPO Price Band

Royal Sense Limited is a fresh issue of up to 1,450,000 equity shares. The price is set at ₹68 per share. 

Royal Sense Limited IPO Lot Size

Royal Sense Limited’s IPO lot size is 2,000 shares.

Royal Sense Limited IPO Objectives 

The objectives of Royal Sense Limited's IPO are listed below:

• To meet the issue expenses.
• For the working capital requirement.
• For general corporate purposes. 

Peer Details

As per DRHP, there are no listed peers whose business portfolio is comparable to the company.

How To Check the Royal Sense Limited Allotment Status?

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Open a demat account with Angel One to apply for the Royal Sense Limited IPO.

Contact Details of Royal Sense Limited IPO

• Registered office: First Floor, Plot No 57, Phase-II, Badli Industrial Area, Badli, Delhi-110042
• Phone: +91 9205843102
• E-mail: compliance@royalsense.in

IPO Financials

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Strengths

1. The company offers a wide range of medical equipment and disposables catering to different healthcare solutions. They cater to a widespread customer base across India.

2. The company’s key customers majorly include hospitals and diagnostic centres, distributors and dealers and independent doctors. They sell some of their products under registered brand name “STERGIC”, having exclusive distributor rights.

3. The company intends to cater to the increasing demand of its existing customers and also to increase their existing customer base by enhancing the reach of its products in different parts of the country.

Risks

1. They depend significantly on customers and their spending in the healthcare industry, and any decline in the spending on healthcare infrastructure in India could adversely affect their business and profitability.

2. The company relies on suppliers for medical devices and equipment manufacturers for their trading goods. In case of any disruption in the supply of these goods, their business, results of operations and financial condition may be adversely affected.