SME IPO: Royal Sense's Public Offer Oversubscribed; Shares Allotment To Be Decided Today, Latest GMP

The Royal Sense Ltd's initial public offering (IPO) concluded its subscription phase on March 14. Investors who participated in the IPO are now awaiting the allotment of shares. The focus has shifted to the Royal Sense IPO allotment, with expectations running high for its announcement on March 15.

The IPO, which opened for public subscription on March 12 and closed on March 14, saw significant interest from investors across categories. The Royal Sense IPO allotment is scheduled to be announced today, setting the stage for the company's debut on the BSE SME platform with a tentative listing date slated for March 19.

Investors who applied for shares in the public offer can easily check their allotment status online. The allotment status will indicate whether shares have been allocated and the quantity allotted. Those who do not receive allotments will receive refunds of their application money, with refunds expected to be initiated by the company on March 18.

To check the Royal Sense IPO allotment status, investors can follow a simple process outlined by the IPO registrar, Bigshare Services Pvt Ltd:

Visit the Bigshare Services website using the provided link.
Select 'Royal Sense Limited' from the Company Selection dropdown menu.
Choose among Application No, Beneficiary ID, or PAN.
Enter the required details as per the selected option.
Enter the Captcha and click 'Search' to view the allotment status.

Meanwhile, in the grey market, the Grey Market Premium (GMP) for Royal Sense IPO stands at Rs 0, indicating that shares are trading at par with the issue price of Rs 68 apiece. This suggests a balanced market sentiment with neither premium nor discount on the IPO shares.

The Royal Sense IPO witnessed robust demand from investors, with the issue being subscribed 8.52 times in total. The public issue received bids for nearly 1.1 crore equity shares against the 12.90 lakh shares offered. Notably, the retail category saw a subscription of 7.32 times, while the Other category was subscribed 9.72 times by the end of the bidding period on March 14.

Royal Sense Ltd operates in the domain of Medical Equipment, Surgical Instruments, Laboratory Equipment, and more. The IPO, sized at Rs 9.86 crore, comprised entirely of fresh issue shares totalling 14.5 lakh shares. Priced at Rs 68 per share, with a lot size of 2,000 shares, the IPO proceeds will primarily be directed towards working capital requirements and general corporate purposes.

Expert Global Consultants Pvt Ltd served as the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd assumed the role of IPO registrar. Post-IPO, the promoter shareholding in Royal Sense Ltd is expected to reduce from 99.99% to 67.15%, with Rishabh Arora being the promoter of the company.