Resourceful Automobile IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 22 Aug 2024
Close Date
Mon, 26 Aug 2024
Issue Price
₹ 117
Lot Size
1200
Issue Size
₹ 11.99 Cr
Minimum Investment
₹ 280,800 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Resourceful Automobile IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹11.99 Crore, comprising a fresh issue of 10.25 Lakh equity shares aggregating to ₹11.99 Crore.
The Resourceful Automobile IPO remained open for subscription from August 22, 2024, to August 26, 2024. The basis of allotment was finalized on August 27, 2024, and the company's shares were listed on BSE SME Platform on August 29, 2024.
The company had fixed the price at ₹117 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹280,800 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Swastika Investmart Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Resourceful Automobile Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Resourceful Automobile IPO Timeline (Tentative)
- IPO Open Date
- Thu, 22 Aug 24
- IPO Close Date
- Mon, 26 Aug 24
- Basis of Allotment
- Tue, 27 Aug 24
- Initiation of Refunds
- Wed, 28 Aug 24
- Credit of Shares to Demat
- Wed, 28 Aug 24
- Listing Date
- Thu, 29 Aug 24 — NSE & BSE
Open Date
22 August 2024
Close Date
26 August 2024
Basis Of Allotment
27 August 2024
Listing Date
29 August 2024
IPO Subscription
Check Live Subscription →The Resourceful Automobile IPO has received bids for 40,75,96,800 shares against 9,73,200 shares offered, resulting in an overall subscription of 418.82x. Retail Investors 496.22x, and Others 315.61x.
Others
315.61x
RII
496.22x
Total
418.82x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 4,86,600 shares, representing 47.48% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 0 shares (%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 51,600 | 5.04% |
| Others | 486,600 | 47.48% |
| Retail Investors | 486,600 | 47.48% |
| Total | 1,024,800 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Resourceful Automobile Limited KPI Information
| Particular | KPI as of February 29, 2024. |
|---|---|
| ROE % | 0.48 |
| ROCE % | 31.22 |
| RoNW % | 25.37 |
Peers Comparison
No Peer Comparision Available
About Resourceful Automobile Limited
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.
Resourceful Automobile IPO Promoters
- Mr. Rahul Sawhney
- Mrs. Megha Chawla
- Mrs. Bindu Sawhney
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
61.41%
Resourceful Automobile IPO Objective
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.
Resourceful Automobile Limited Address / Contact Details
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
Resourceful Automobile IPO Lot Size
The Resourceful Automobile IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,40,400 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,40,400.
| 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 |
Issue Reservation
- Market Maker — 5.04%
- Others — 47.48%
- RII — 47.48%
Book Running Lead Managers
- Swastika Investmart Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Resourceful Automobile IPO?
Resourceful Automobile IPO is a Fixed price IPO with a total issue size of ₹11.99 crore. The Resourceful Automobile IPO price band is ₹117 to 117 per share. The Resourceful Automobile IPO subscription opens on Thu, Aug 22, 2024, and closes on Mon, Aug 26, 2024. The Resourceful Automobile IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the Resourceful Automobile IPO.
When will the Resourceful Automobile IPO open for subscription?
The Resourceful Automobile IPO opens on Thu, Aug 22, 2024 and closes on Mon, Aug 26, 2024
What is Resourceful Automobile IPO Price Band?
Resourceful Automobile IPO Price Band is ₹117 to 117 per share.
What is Resourceful Automobile IPO Lot Size?
Resourceful Automobile IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹280800 based on the upper price band
What is the minimum investment for Resourceful Automobile IPO?
The minimum investment for Resourceful Automobile IPO is ₹280800, based on one lot of 1200 shares at the upper price band of ₹117 per share.
How to apply for Resourceful Automobile IPO?
Investors can apply for the Resourceful Automobile IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Aug 26, 2024. The application amount remains blocked until the Resourceful Automobile IPO allotment is finalized.
What is Resourceful Automobile IPO Issue Size?
Resourceful Automobile IPO issue size is ₹11.99 crores.
What is the Resourceful Automobile IPO Allotment Date?
Resourceful Automobile IPO allotment date is Tue, Aug 27, 2024.
Who is the Resourceful Automobile IPO Registrar?
The registrar for Resourceful Automobile IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Resourceful Automobile IPO allotment status, refund processing, and other IPO-related information.
What is the Resourceful Automobile IPO GMP?
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 89.74% over the issue price.
Who is the Resourceful Automobile IPO Lead Manager?
The book-running lead managers (BRLMs) for the Resourceful Automobile IPO are Swastika Investmart Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Resourceful Automobile IPO Red Herring Prospectus (RHP).