Royal Sense IPO: Check issue size, price band, GMP and other details
Royal Sense opened for subscription today and will close on March 14. The company aims to raise about Rs 10 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Royal Sense
The company is a supplier of high-quality goods that meet international standards required for hospitals, laboratories, institutions and clinics to provide health services. It trades and offers a wide range of surgical accessories, tools, equipment and other things.
2) Industry overview
The Indian medical devices industry is currently valued at around $5 billion which is 2% of the $250 billion industries. The overall healthcare industry in India is valued at $90 billion which is expected to reach $372 billion by the year 2023.
3) Royal Sense IPO size
The IPO is entirely a fresh equity issue of 14.5 lakh shares and through the issue, the company aims to raise Rs 10 crore.
4) Royal Sense IPO price band
The company is offering its shares at Rs 68 apiece, and investors can bid for 2,000 shares in 1 lot.
5) Royal Sense IPO financial performance
For the period ended September 2023, the company clocked revenues of Rs 8.04 crore and net profit of Rs 70 lakh.
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6) Objects of the offer
The net proceeds from the public offer will be used for working capital requirements, issue expenses and general corporate purposes.
7) Lead managers and
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