Resourceful Automobile IPO subscription status started on August 22, 2024, and will close on August 26, 2024. The company aims to raise approximately ₹11.99 crore via this IPO. The retail quota is 50% and NII is 50%. The price band is fixed at ₹117 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹1,40,400. Resourceful AUtomobile IPO is an SME IPO, and it will be listed on the BSE.
Table of contents
IPO Overview
Resourceful Automobile, under the showroom name “Sawhney Automobiles,” actively manages Yamaha two-wheeler dealerships. It specializes in selling and servicing motorcycles and scooters, earning a reputation for offering quality products and delivering exceptional customer service, which makes it a trusted destination for motorcycle enthusiasts.
Furthermore, Sawhney Automobiles caters to a wide range of customer preferences by offering a comprehensive selection of two-wheelers. Their inventory includes commuter bikes, sport bikes, cruisers, and scooters from reputable manufacturers. As an authorized Yamaha dealership, they ensure access to the latest models and authentic spare parts. Additionally, they provide expert guidance to help customers select the right bike, arrange test rides, and offer financing options for greater accessibility. Not to mention, their advanced service center, staffed by skilled technicians, handles routine maintenance and repairs while ensuring the availability of genuine spare parts to maintain the bikes’ performance and longevity.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Resourceful Automobile IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 2.78 | 42.32 | 315.61 |
| RII | 17.92 | 105.93 | 496.22 |
| Total | 10.35 | 74.13 | 418.82 |
Resourceful Automobile IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Resourceful Automobile IPO Form
To apply for the Resourceful Automobile IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on August 22, 2024, for NII, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
Log in to Zerodha Console, select the IPO and complete your bid. Approve the mandate via UPI.
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Log in to Angel One, select the IPO and complete your bid. Approve the mandate via UPI.
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Log in to Paytm Money, select the IPO, and complete your bid. Approve the mandate via UPI.
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Log in to Upstox, select the IPO, and complete your bid. Approve the mandate via UPI.
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