Royal Sense IPO share allotment likely to be finalised on March 15: Follow these steps to check status online

Royal Sense IPO share allotment is expected to be finalised on Friday, March 15, after the public issue closed with a decent response from the investors.

The initial public offer was subscribed 8.64 times during the three-day bidding window, which closed on Thursday, March 14. The company is looking to raise ₹9.86 crore through the public issue.

Royal Sense Ltd public offer, a fresh equity issue of 14.5 lakh shares, received bids for 1,11,54,000 shares against 12,90,000 shares on offer, as per BSE data. Retail individual investors (RIIs) subscribed the issue 7.32 times of the shares reserved for them. The non-institutional investors’ (NIIs) category was booked over 10 times of the allotted quota.

Royal Sense IPO subscribers can check the allotment status of shares through the official BSE website and the IPO registrar's portal. Bigshare Services Pvt Ltd is the registrar to the public issue.

Here are steps to check Royal Sense Ltd IPO share allotment status on BSE:

• Visit https://www.bseindia.com/ (BSE website)
• Go to 'Investor Services' section on the home page
• Click 'Status of Issue Application' and select issue type 'Equity'
• Select company name from the drop-down list
• Enter Application Number or PAN number
• Click 'Search' button
• IPO application status will be shown.

Steps to check IPO allotment status registrar’s website:

• Go to - https://www.bigshareonline.com/Index.aspx (IPO registrar)
• Find 'IPO Allotment Status' section
• Select 'Royal Sense' from the drop-down list of companies
• Enter PAN/Application No./CAF No./Beneficiary ID
• Fill 'Captcha' and click Search button
• Allotment status will come on screen.

Successful bidders can check the number of shares allotted to them, as well as see the number of shares they originally applied for once the company finalises the allocation.

After the allotment is finalised, the company will initiate refunds on Monday, March 18, for those who have not been allotted shares, and also credit the IPO shares to the Demat accounts of successful applicants on the same day.

The shares of the company will be listed on the BSE SME platform, with the tentative listing date set for Tuesday, March 19.

Key details about the Royal Sense IPO

Royal Sense IPO price was fixed at ₹68 per share, with a minimum lot size of 2,000 shares. Retail investors were allowed to bid for at least a single aggregating to a minimum investment of ₹1,36,000.

High net worth individuals are required to invest in at least 2 lots, or 4,000 shares, necessitating a minimum investment of ₹2,72,000.

Of the total offer size, 6,45,000 (44.48%) shares were reserved for NIIs and an equal amount of shares for retail investors. The market maker's portion was fixed at 160,000 (11.03%)shares. There was no anchor portion earmarked in the IPO.

The company will use the IPO net proceeds for working capital requirements, issue expenses and other general corporate purposes.

Established in 2023, Royal Sense Limited is a supplier of medical disposables, diagnostic kits, laboratory equipment, surgical instruments, surgical consumables and laboratory reagents, among others.

Royal Sense Ltd supplies its products to the health ministries of various states such as UP, Himachal Pradesh, Rajasthan, and Jammu and Kashmir. Additionally, the company provides products to various government institutions and private healthcare facilities and hospitals nationwide.

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