Resourceful Automobile IPO opens on August 22 and closes on August 26, though the exact date is still pending confirmation. The company aims to raise ₹11.99 crores through this BSE SME IPO. Additionally, it has set the IPO price band at ₹117 per share with a market lot of 1,200 shares.
Table of contents
- Resourceful Automobile IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Resourceful Automobile IPO GMP (Grey Market Premium)
- Resourceful Automobile IPO Application Form PDF
- Resourceful Automobile IPO Subscription Status
- Resourceful Automobile IPO Allotment Status
- IPO Review
- Resourceful Automobile IPO Registrar
- Resourceful Automobile IPO Lead Manager
- Resourceful Automobile IPO FAQs
Resourceful Automobile IPO Overview
| Company Name | Resourceful Automobile Limited |
| Industry | Automobile |
| IPO Issue Type | Fixed Price Issue |
| Open Date | August 22, 2024 |
| Close Date | August 26, 2024 |
| Total Issue Size | ₹11.99 Crores (10,24,800 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹11.99 Crores (10,24,800 Equity Shares) |
| Price Band | ₹117 Per Share |
| Listing on | BSE SME |
| Lot Size | 1200 shares |
| Offer for Sale | ₹ 0 |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
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.
The company’s mission is to provide a diverse range of high-quality motorcycles and exceptional service while fostering a community that celebrates the freedom and exploration offered by two wheels. Committed to innovation, integrity, and customer satisfaction, the company strives to be the premier destination for every rider’s journey. Moreover, their vision is to set industry standards, cultivate a vibrant rider community, and create a legacy of excellence that resonates with the spirit of the open road.
Key Dates
| IPO Open Date | August 22, 2024 |
| IPO Close Date | August 26, 2024 |
| Basis of Allotment | August 27, 2024 |
| Refunds | August 28, 2024 |
| Credit to Demat Account | August 28, 2024 |
| IPO Listing Date | August 29, 2024 |
Financials (₹ in Crores)
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹14.51 | ₹10 | ₹10.08 |
| Revenue | ₹17.23 | ₹19.38 | ₹12.50 |
| Profit After Tax | ₹1.52 | ₹0.41 | ₹0.28 |
| Net Worth | ₹3.15 | ₹1.63 | ₹0.74 |
| Total Borrowing | ₹9.92 | ₹7.47 | ₹6.73 |
Objective of the Issue
- To carry on the company’s expansion, new showrooms will be opened in Delhi/NCR.
- Additionally, the funds will be used for debt repayment.
- Moreover, they will address incremental working capital requirements.
- Furthermore, the funds will cover general corporate purposes and public issue expenses.
Company Promoters
- Mr. Rahul Sawhney
- Mrs. Megha Chawla
- Mrs. Bindu Sawhney
Resourceful Automobile IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Resourceful Automobile IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Resourceful Automobile Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Resourceful Automobile IPO Application Form PDF
To download the Resourceful Automobile IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Resourceful Automobile IPO Subscription Status
Resourceful Automobile IPO subscription kicks off on August 22, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Resourceful Automobile IPO Allotment Status
To check the Resourceful Automobile IPO allotment status go to the IPO registrar website Cameo Corporate or go to IPO Allotment.
To check Resourceful Automobile IPO allotment status. Firstly, follow the steps below:
- First, go to the link given above.
- Next, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- It offers a comprehensive lineup of Yamaha two-wheelers, thereby catering to various customer needs.
- Additionally, the company’s showrooms in prime areas provide high visibility and easy accessibility for customers.
- Moreover, the exclusive focus on Yamaha, a trusted and renowned brand, not only enhances credibility but also attracts brand-loyal customers.
- Furthermore, with attached workshops at both showrooms, Sawhney Automobile ensures end-to-end service.
- Consequently, the specialized showrooms, especially the Blue Square concept, enable the company to target a premium customer base.
Risks:
- Yamaha’s brand performance closely drives the business’s success; consequently, product updates play a crucial role.
- Moreover, numerous dealerships in New Delhi compete fiercely in the two-wheeler market by offering similar products.
- Additionally, economic conditions significantly influence the demand for two-wheelers, directly affecting sales in a competitive urban market.
- Since the company operates only two showrooms, it consequently limits its market reach.
Resourceful Automobile IPO Registrar
Cameo Corporate Services Limited
Phone: +91-22-6263 8200
Email: cameo@cameoindia.com
Website: https://cameoindia.com/
Resourceful Automobile IPO Lead Manager
SWASTIKA INVESTMART LIMITED
Flat No18, Floor 2 North Wing Madhaveshwar Coop Hsg Society Ltd
Madhav Nagar, 11/12 S V Road Andheri W Mumbai Mumbai City – 400058
(Maharashtra).
Phone: +91-22-26254568-69 / 0731-6644244
Email: merchantbanking@swastika.co.in
Website: https://www.swastika.co.in/
Resourceful Automobile Limited 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 8496
Email: cs@saiswamimetals.com
Website: http://www.sawhneyauto.com/
Resourceful Automobile IPO FAQs
The Resourceful Automobile IPO is a fixed-price issue amounting to Rs 11.99 crores. Specifically, this upcoming IPO involves a fresh issue of Rs 10.25 lakh equity shares. Furthermore, the allotment for this IPO is anticipated to be finalized on Tuesday, August 27, 2024.
Swastika Investment Limited has been appointed as the book-running lead manager for the IPO. Additionally, they are responsible for overseeing the entire process.
Cameo Corporate Services Limited, serving as the registrar for Resourceful Automobile Limited, is tasked with handling the administrative aspects of the IPO.
The public subscription for this new IPO is set to open on August 22, 2024. To apply, click here to initiate the application process.
The net proceeds will be primarily allocated toward opening new showrooms in Delhi and the NCR region. In addition, a portion of the funds will be used for debt repayment, meeting day-to-day capital requirements, and fulfilling general corporate purposes.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
