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    Royal Sense IPO allotment: Check status, listing date, GMP and other details

    Synopsis

    Royal Sense SME IPO allotment finalization today. Check share allotment on Bigshare Services. Offer at Rs 68; subscription over 7 times. Raise Rs 10 crore with fresh equity. Healthcare industry valued at $90 billion.

    Royal Sense IPO allotment: check status, listing date, GMP and other detailsAgencies
    The allotment for the SME IPO of Royal Sense will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of Royal Sense IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.

    Follow the step by step process mentioned below to check the status of allotment.

    Step 1: Visit the IPO Allotment Status page on Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)

    Step 2: Select IPO from the dropdown

    Step 3: Enter PAN number and 'Submit'.

    Also Read: AVP Infracon IPO: Check issue size, price band, GMP and other details

    Royal Sense GMP

    In the unlisted market, the company's shares have no GMP in the unlisted market. The company has priced the offer at Rs 68 and the tentative listing date is set as March 19.

    The IPO received decent response from investors with an overall subscription of over 7 times at close.

    The issue is entirely a fresh equity issue of 14.5 lakh shares and through the offer, the company aims to raise 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 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.

    For the period ended September 2023, the company clocked revenues of Rs 8.04 crore and net profit of Rs 70 lakh.

    Expert Global Consultants is acting as the lead manager to the issue and Bigshare Services is the registrar.

    (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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    (You can now subscribe to our ETMarkets WhatsApp channel)

    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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