Resourceful Automobile IPO Details
The Resourceful Automobile IPO is a fixed price issue with a total issue size of ₹11.99 cr, comprising of fresh issue of 1024800 equity shares. Resourceful Automobile IPO opened for subscription on Aug 22, 2024 and closed on Aug 26, 2024. Resourceful Automobile IPO has set the price at ₹117 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹280,800.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 27, 2024, and listed on both the NSE and BSE on Aug 29, 2024.
Cameo Corporate Services Limited has been appointed as the registrar. Swastika Investmart Ltd are the Book Running Lead Manager for the issue.
Before investing in the Resourceful Automobile IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 117 – 117
- Lot Size
- 1200
- Issue Size
- ₹11.99 Cr
- Minimum Investment
- ₹280800 (2400 Shares)
- Listing Date
- 29 August 2024
Current GMP
₹105 (+89.74%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Swastika Investmart Ltd
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 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.
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 per share.
Resourceful Automobile IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹280800 based on the upper price band
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.
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.
Resourceful Automobile IPO issue size is ₹11.99 crores.
Resourceful Automobile IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.