Royal Sense stock debuts with 90% premium on BSE SME platform
economictimes.indiatimes.comRoyal Sense debuted on the BSE SME platform with a premium of 90% on Tuesday. The stock listed at Rs 129.2 on BSE as against an issue price of Rs 68.
Ahead of the listing, the company's shares traded with a premium of Rs 37 in the unlisted market.
The IPO received decent response from investors with an overall subscription of over 7 times at close. The issue was entirely a fresh equity issue of 14.5 lakh shares and through the offer, the company raised about Rs 10 crore.
The net proceeds from the public offer will be used for working capital requirements, issue expenses and general corporate purposes.
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.
The supplied assortment can be modified according to the requirements of the clients and is offered in a wide range of parameters.
Chatha Foods IPO: Check issue size, price band, GMP and other details
The company's supplies include medical equipment, surgical instruments, surgical consumables, laboratory equipment, laboratory reagents, disposable medical supplies and diagnostic kits. It has recently extended the supply chain to government e-procurement systems such as tender systems, GEM Portal etc.
Royal Sense supplies its products to the health ministries of various states like Uttar Pradesh, Himachal Pradesh, Rajasthan, Jammu and Kashmir and in
