Resourceful Automobile Limited IPO
BSE SMEListed On: Aug 29, 2024 at ₹ 117.0
₹ 280800 /2400 Shares
*Min Investment
22 Aug, 2024
Open Date26 Aug, 2024
Close Date27 Aug, 2024
Allotment Date29 Aug, 2024
Listing DateResourceful Automobile IPO Issue Details
- Issue Price ₹117 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 10,24,800 shares(aggregating up to ₹11.99 crore)
- Fresh Share 10,24,800 shares(aggregating up to ₹11.99 crore)
- Listing at BSE SME
- List Price 117.0
- Listing Date 2024-08-29
- Lead Manager Swastika Investmart Ltd
- Registrar Cameo Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,40,400 |
| Retail(max) | 1 | 1200 | ₹1,40,400 |
| NII (min) | 2 | 2,400 | ₹2,80,800 |
Resourceful Automobile IPO Reservation
Resourceful Automobile IPO offers total 10,24,800 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,4,86,600 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 51,600 (5.04%) | |
| Retail Shares Offered | 4,86,600 (47.48%) | |
| Total Shares Offered | 10,24,800 (100%) |
Resourceful Automobile IPO Documents
Resourceful 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 Analysis And 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
Resourceful Automobile Company Financials
| 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 Resourceful Automobile 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)
Mr. Rahul Sawhney
Mrs. Megha Chawla
Mrs. Bindu Sawhney
Pre Issue Share Holding : 100%
Post Issue Share Holding : 61.41%
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.
Contact Details
Resourceful Automobile
K-24, Upper Ground,KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi - 110059
+91 97737 8496
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Resourceful Automobile Limited IPO is 1,024,800 shares(aggregating up to ₹11.99 Cr).
Ans. The Resourceful Automobile Limited IPO price band is set between ₹117 per equity share.
Ans. To apply for Resourceful Automobile Limited 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 Resourceful Automobile Limited IPO allotment status online.
