Resourceful Automobile Limited IPO
BSE SMEListed On: Aug 29, 2024 at ₹ 117.0
₹ 140400 /1200 Shares
Check Allotment22 Aug, 2024
Open Date26 Aug, 2024
Close Date27 Aug, 2024
Allotment Date29 Aug, 2024
Listing DateIssue Price
₹117 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedList Price
117.0Listing Date
2024-08-29Market Lot
1200 Shares (₹140,400/-)Lead Manager
Swastika Investmart LtdIssue Size
1,024,800 shares(aggregating up to ₹11.99 Cr)Retail Portion
50%Subscription
418.87 timesIPO Docs
DRHPResourceful Automobile IPO Details
Resourceful Automobile Limited IPO is an SME IPO, priced at ₹117 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 10,24,800 equity shares, aggregating up to ₹11.99 crores..
The IPO bidding window is open from Aug 22, 2024 to Aug 26, 2024. The allotment is expected to be finalized on Aug 27, 2024, and the tentative listing date is Aug 29, 2024.
The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,40,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,800.
Swastika Investmart Ltd is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
Resourceful Automobile IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 486,600 | 486,600 | 973,200 |
| Day 1 - 22-08-24 06:00 PM | 2.78 x | 17.29 x | 10.35 x |
| Day 2 - 23-08-24 06:00 PM | 42.32 x | 105.93 x | 74.13 x |
| Day 3 - 26-08-24 06:00 PM | 315.72 x | 496.22 x | 418.87 x |
Resourceful Automobile Valuations
EPS Pre IPO
₹2.54/-EPS Post IPO
₹6.25/-P/E Pre IPO
45.99P/E Post IPO
18.71ROE
0.48ROCE
31.22RoNW
0.48Price to Book Value
0.00Resourceful Automobile Company Financials All values are in ₹ Lakh
| 29-Feb-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 1,451.41 | 1,000.49 | 1,008.58 |
| Revenue | 1,723.64 | 1,938.26 | 1,250.1 |
| Profit After Tax | 152.24 | 41.5 | 28.73 |
| Net Worth | 315.78 | 163.56 | 74.78 |
| Reserves & Surplus | 152.67 | 66.27 | 24.78 |
| Total Borrowing | 992.34 | 747.77 | 673.73 |
About The Company
Resourceful Automobile Limited is a company started in 2018, selling two-wheelers of Yamaha under the name Sawhney Automobile.
Sawhney Automobile provides an all-encompassing range of two-wheelers catering to various wants and needs of customers. Commuter bikes, sports bikes, cruisers, and scooters are all products of leading companies.
The company has two concept showrooms with an allied workshop. The Dwarka, New Delhi showroom has all Yamaha two-wheelers on display, with their apparel and accessories. The Palam Road showroom in New Delhi is another showroom. The Intelligent showroom provides high-quality, unique two-wheelers, including the Yamaha India latest one and a diverse collection of motorcycles.
As of July 31, 2024, the company has 8 permanent employees in total.
Resourceful Automobile - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 61.41%
- Mr. Rahul Sawhney
- Mrs. Megha Chawla
- Mrs. Bindu Sawhney
Resourceful Automobile IPO - Issue Objectives
- To Carry on the Expansion of the company by opening new showrooms in Delhi/ NCR
- Repayment of Debt
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose and to meet Public Issue Expenses.
Other Details
Resourceful Automobile
K-24, Upper Ground,KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi - 110059Phone: +91 97737 8496
Website: http://www.sawhneyauto.com/
Cameo Corporate Services Limited
Resourceful Automobile IPO - FAQs
Ans. Resourceful Automobile Limited IPO is a SME IPO. The issue is priced at ₹117 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 22, 2024, and closes on Aug 26, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Resourceful Automobile Limited IPO opens on Aug 22, 2024 and closes on Aug 26, 2024.
Ans. The size of Resourceful Automobile Limited IPO is 1,024,800 shares(aggregating up to ₹11.99 Cr).
Ans. The IPO price band is set between ₹117 per equity share.
Ans. To apply for Resourceful Automobile Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Resourceful Automobile Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Resourceful Automobile Limited IPO is Aug 27, 2024.
Ans. The Resourceful Automobile Limited IPO will be listed on Aug 29, 2024.
Ans. Follow the steps to check the allotment status for Resourceful Automobile Limited IPO here.
