Royal Sense Limited IPO

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RoyalSense emerges as a pivotal supplier in the healthcare sector, specializing in high-quality goods that align with international standards essential for hospitals, laboratories, institutions, and clinics. Their expertise lies in trading and offering an extensive range of surgical accessories, tools, equipment, and more, tailored to meet the diverse needs of healthcare providers.

Comprehensive Product Portfolio

Their offerings encompass a broad spectrum, including medical equipment, surgical instruments, surgical consumables, laboratory equipment, laboratory reagents, medical consumables, diagnostic equipment, sanitary napkins, pharmaceuticals, medicine, and cosmetics. This wide range of parameters ensures that they can accommodate the specific requirements of their clients, making them a one-stop solution for comprehensive healthcare needs.

Expanding Supply Chain and Market Reach

Their operational strategy is geared towards maximizing accessibility and efficiency. They have integrated their supply chain with government e-procurement systems, including tender systems and the GEM Portal, to streamline their distribution process. Their clientele spans across various states such as Uttar Pradesh, Himachal Pradesh, Rajasthan, and Jammu & Kashmir, catering to the Ministry of Health and other governmental and private healthcare institutions across India, either directly or through a network of distributors and sub-distributors.

In conclusion, RoyalSense is not just a supplier; they are a partner in healthcare excellence, committed to enhancing the quality of health services through their extensive range of products and dedicated service. Their strategic positioning and operational excellence ensure that they meet the evolving needs of the healthcare sector, establishing RoyalSense as a trusted name in healthcare supplies.

Objects of the Royal Sense Limited IPO:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: i. Working capital requirement; ii. Issue Expenses; and iii. General corporate purposes.
DRHP of Royal Sense Limited IPO
RHP of Royal Sense Limited IPO

Royal Sense Limited IPO Details:

Open Date: Mar 12 2024
Close Date: Mar 14 2024
Total Shares: 1,450,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 9.86 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 68 Per Equity Share
Listing At: BSE SME
Listing Date: Mar 19 2024

Promoters And Management:

Mr. Rishabh Arora, aged 39 years, is the Promoter, Chairman and Managing Director of the Company. He has been director on the Board since incorporation. He has completed M.sc Psychology from University of Rajasthan and D-Pharmacy from Hindu College of Pharmacy, Sonipat (Haryana). He has more than Eighteen years of experience being a Pharmacist. He is a visionary entrepreneur and has played a pivotal role in setting up business of the Company. He primarily looks after the overall business operations of the Company including business development, administration and formulation of policies. Under his guidance the Company has witnessed continuous growth. Mr. Gaurav Arora, aged 36 years, is Director of the Company since incorporation. He has completed M.sc Psychology from University of Rajasthan; and, D-Pharmacy from Hindu College of Pharmacy Sonipat (Haryana). He is also registered as Pharmacist in Delhi Pharmacy Council He has more than Ten years of experience being a Pharmacist and also having rich experience in trading pharmaceutical and surgical equipment’s. Mr. Harmeet Singh, aged 39 years, is Whole Time Director of the Company. He has been director on the Board since incorporation. He has completed B.Com from V.B.S Purvanchal University, Jaunpur and having more than Ten years of experience in the fields of Operations and Sales.

Financials of Royal Sense Limited IPO:

Particular (In Lakh) Mar-21 Mar-22 Mar-23
Revenue from Operations 713 675 1,156
Purchases 664 603 1095
Change in Inventory -7 12 -36
Employee Cost 19 10 6
Other Expenses 14 27 25
EBITDA 23 23 66
EBIDTA Margin 3.23% 3.41% 5.71%
Other income 0 0 70
Depreciation 2 1 0
Interest 0 0 4
Profit before tax 21 22 132
Tax 0 0 0
Net profit 21 22 132
NPM (%) 2.95% 3.26% 10.77%

Comparison With Peers:

Name of the Companies Revenue (Cr) Profit (Cr) EPS P/E CMP MCap (Cr)
Royal Sense Limited 11.5 1.3 2.65 25.6 68 33
Hemant Surgical Industries Limited 109 8 413 17.7 130 136
Centenial Surgical Suture Ltd 52 0.8 2.4 36.8 99 36
*All the Data is as per 2023

Recommendation on Royal Sense Limited IPO:

To be updated shortly.

Lead Manager of Royal Sense Limited IPO:

  1. Expert Global Consultants Private Limited

Registrar of Royal Sense Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Royal Sense Limited First Floor, Plot No 57, Phase-II, Badli Industrial Area Badli, Delhi-110042 Phone: +91 9205843102 Email: compliance@royalsense.in Website: http://www.royalsense.in/

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