Resourceful Automobile IPO
Open SmeCurrent GMP
₹105 (+89.74%)
Price Band
₹ 117 – 117
Lot Size
1200
Issue Size
₹11.99 Cr
Minimum Investment
₹280800 (2400 Shares)
Listing Date
29 August 2024
Subscription
-
About the Company
Resourceful Automobile IPO – Resourceful Automobile actively deals in Yamaha two-wheelers through its showroom “Sawhney Automobiles.” Specializing in motorcycle and scooter sales and services, it prides itself on offering quality products and exceptional customer service, making it a trusted destination for motorcycle enthusiasts.
Sawhney Automobile attends to many customer tastes and requirements by providing an extensive array of two-wheelers. Their stock includes commuter bikes, sport bikes, cruisers, and scooters sourced from well-known manufacturers. Being an authorized Yamaha dealership ensures customers can access the newest models and genuine spare parts.
Currently, the company operates two concept-driven showrooms, each with an integrated workshop. The Blue Square outlet, situated in Dwarka, New Delhi, showcases Yamaha’s entire range of two-wheelers, apparel, and accessories. Both of these new locations are 3S facilities, providing end-to-end Sales, Service, and Spares support. Additionally, the company has another showroom located on Palam Road, New Delhi.
Promoters
- Mr. Rahul Sawhney
- Mrs. Megha Chawla
- Mrs. Bindu Sawhney
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
61.41%
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Carry on Expansion of the company by opening of new showrooms in Delhi/ NCR.
2. Repayment of Debt.
3. To Meet Incremental Working Capital Requirements.
4. General Corporate Purpose and to meet Public Issue Expenses.
Address / Contact Info
Resourceful Automobile Limited
K-24, Upper Ground,
KH No. 107/10 Main Road,
Raja puri, West Delhi, New Delhi -110059
Phone: +91 97737 84969
Email: cs@sawhneyauto.com
Website: https://www.sawhneyauto.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 22 August 2024
IPO Close Date
Monday, 26 August 2024
Basis of Allotment
Tuesday, 27 August 2024
Initiation of Refunds
Wednesday, 28 August 2024
Credit of Shares to Demat
Wednesday, 28 August 2024
Listing Date
Thursday, 29 August 2024 — NSE & BSE
Important Dates
Open Date
22 August 2024
Close Date
26 August 2024
Basis Of Allotment
27 August 2024
Listing Date
29 August 2024
Financial Performance (₹ in Crores)
| Particular | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1451.41 | 1000.49 | 1008.58 | 429.46 |
| Revenue | 1723.64 | 1938.26 | 1250.1 | 1127.26 |
| Profit After Tax | 152.24 | 41.5 | 28.73 | 0.16 |
| Net Worth | 315.78 | 163.56 | 74.78 | 46.05 |
| Reserve & Surplus | 152.67 | 66.27 | 24.78 | -3.95 |
| Total Borrowings | 992.34 | 747.77 | 673.73 | 269.81 |
EPS Pre
4.27%
EPS Post
6.25%
P/E Pre
27.40
P/E (Post Issue)
45.99x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of February 29, 2024. |
|---|---|
| ROE % | 0.48 |
| ROCE % | 31.22 |
| Debt / Equity | 0 |
| RoNW % | 25.37 |
| PbW | 0 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 51600 | 5.04 | 0 |
| Others | 486600 | 47.48 | 0 |
| Retail Investors | 486600 | 47.48 | 0 |
| Total | 1024800 | 100 | 0 |
Subscription Status ( Sun, 18 Aug 24 10:16 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Others | 486600 | 153577200 | 315.61x |
| Retail Investors | 486600 | 241462800 | 496.22x |
| Total | 973200 | 407596800 | 418.82x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 140,400.00 |
| Retail (Max) | 1 | 1,200 | 140,400.00 |
| S-HNI (Min) | 2 | 2,400 | 280,800.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Swastika Investmart Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Resourceful Automobile IPO is a Fixed price IPO worth ₹11.99 crores. The price band is ₹117 to 117 per share. The IPO opens on Thu, Aug 22, 2024 and closes on Mon, Aug 26, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Resourceful Automobile IPO opens on Thu, Aug 22, 2024 and closes on Mon, Aug 26, 2024
Resourceful Automobile IPO Price Band is ₹117 to 117.
Resourceful Automobile IPO lot size is 1200, and the minimum amount required for application is ₹280800.
The minimum investment for Resourceful Automobile IPO is approximately ₹280800 based on the upper price band.
To apply for the Resourceful Automobile IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Aug 26, 2024. After submission, funds are blocked until the basis of allotment of Resourceful Automobile IPO is finalised.
Resourceful Automobile IPO issue size is ₹11.99 crores.
Resourceful Automobile IPO allotment date is Sat, Jun 27, 2026.
The registrar for Resourceful Automobile IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Resourceful Automobile IPO through their official website or helpline.
The Resourceful Automobile IPO GMP (Grey Market Premium) is ₹105 as of Mon, Aug 26, 2024. Based on the upper price band of ₹117 per share, the estimated Resourceful Automobile IPO listing price is ₹222, indicating a potential listing gain of approximately 31% over the issue price.