Resourceful Automobile Limited IPO Overview

The Resourceful Automobile IPO is a fixed price issue valued at ₹11.99 crores, consisting entirely of a fresh issue of 10.25 lakh shares.

The IPO opens for subscription on August 22, 2024, and closes on August 26, 2024. The allotment is expected to be finalized on Tuesday, August 27, 2024. The IPO will be listed on the BSE SME with a tentative listing date of Thursday, August 29, 2024.

The price for Resourceful Automobile IPO is set at ₹117 per share. The minimum lot size for application is 1,200 shares, requiring a minimum investment of ₹140,400 for retail investors. High Net Worth Individuals (HNIs) must invest in at least 2 lots (2,400 shares), amounting to ₹280,800.

Swastika Investmart Ltd serves as the book-running lead manager for the IPO, while Cameo Corporate Services Limited is the registrar. Nikunj Stock Brokers is the market maker for this IPO.

For more detailed information, please refer to the Resourceful Automobile IPO Red Herring Prospectus (RHP).

Resourceful Automobile Limited IPO Important dates

Resourceful Automobile IPO opens on August 22, 2024, and closes on August 26, 2024.

IPO Open Date Thursday, August 22, 2024
IPO Close Date Monday, August 26, 2024
Basis of Allotment Tuesday, August 27, 2024
Initiation of Refunds Wednesday, August 28, 2024
The credit of Shares to Demat Wednesday, August 28, 2024
Listing Date Thursday, August 29, 2024
Cut-off time for UPI mandate confirmation 5 PM on August 26, 2024

Resourceful Automobile Limited IPO Financial Performance

Period Ended 29 Feb 2024 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 1,451.41 1,000.49 1,008.58 429.46
Revenue 1,723.64 1,938.26 1,250.1 1,127.26
Profit After Tax 152.24 41.5 28.73 0.16
Net Worth 315.78 163.56 74.78 46.05
Reserves and Surplus 152.67 66.27 24.78 -3.95
Total Borrowing 992.34 747.77 673.73 269.81

Key Performance Indicator

The market capitalization of Resourceful Automobile IPO is Rs 31.07 Cr.

KPI as of February 29, 2024.

KPI Values
ROE 0.48
ROCE 31.22
RoNW 0.48
P/BV 0

Resourceful Automobile Limited IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Carry on the Expansion of the company by opening new showrooms in Delhi/ NCR;
  2. Repayment of Debt;
  3. To Meet Incremental Working Capital Requirements; and
  4. General Corporate Purpose and to meet Public Issue Expenses.

Resourceful Automobile Limited IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below 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 ₹140,400
Retail (Max) 1 1200 ₹140,400
HNI (Min) 2 2,400 ₹280,800

Resourceful Automobile Limited IPO Details

IPO Date August 22, 2024 to August 26, 2024
Listing Date [.]
Face Value ₹10 per share
Price ₹117 per share
Lot Size 1200 Shares
Total Issue Size 1,024,800 shares
(aggregating up to ₹11.99 Cr)
Fresh Issue 1,024,800 shares
(aggregating up to ₹11.99 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Shareholding pre issue 1,631,145
Shareholding post issue 2,655,945
Market Maker portion 51,600 shares

Resourceful Automobile Limited: Company Overview and Services

Resourceful Automobile Limited, founded in 2018, operates under the brand name “Sawhney Automobile” to sell Yamaha two-wheelers.

Sawhney Automobile provides a diverse selection of two-wheelers to cater to various customer preferences, including commuter bikes, sports bikes, cruisers, and scooters from well-known manufacturers.

The company currently operates two conceptual showrooms, each equipped with an attached workshop. The Blue Square showroom, located in Dwarka, New Delhi, displays the complete range of Yamaha two-wheelers, along with apparel and accessories. The second showroom, situated on Palam Road, New Delhi, offers a wide array of premium and unique two-wheelers, featuring the latest models from Yamaha India and an extensive collection of motorcycles.

As of July 31, 2024, Resourceful Automobile Limited employs a total of 8 permanent staff members.

Resourceful Automobile Limited IPO GMP Details

Resourceful Automobile SME IPO last GMP is ₹85, last updated Aug 24th 2024 09:55 AM. With a price band of 117.00, Resourceful Automobile SME IPO’s estimated listing price is ₹202 (cap price + today’s GMP).The expected percentage gain/loss per share is 72.65%.

The lowest GMP is ₹20, while the highest GMP is ₹85. Stay with us to know the daily price trend of Resourceful Automobile SME IPO GMP with an expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
24-08-2024 117.00 ₹85  77500 ₹202 (72.65%) 24-Aug-2024
23-08-2024 117.00 ₹85   77500 ₹202 (72.65%) 23-Aug-2024
22-08-2024 Open 117.00 ₹80   73000 ₹197 (68.38%) 22-Aug-2024
21-08-2024 117.00 ₹70   63800 ₹187 (59.83%) 21-Aug-2024
20-08-2024 117.00 ₹55   50200 ₹172 (47.01%) 20-Aug-2024

Resourceful Automobile Limited IPO subscription status

Resourceful Automobile IPO subscribed 74.13 times. The public issue subscribed 105.93 times in the retail category, and 42.32 times in the Other category by August 23, 2024.

Investor Category Subscription (times) Shares Offered Shares Bid for Total Amount (Rs Cr.)*
Others 42.32 486,600 2,05,90,800 240.91
Retail Investors 105.93 486,600 5,15,47,200 603.10
Total * 74.13 973,200 7,21,45,200 844.10

Total Application: 52,187 (128.54 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 51,600 equity shares not included.

 

Date Other Retail Total
Day 1
August 22, 2024		 2.78 17.92 10.35
Day 2
August 23, 2024		 42.32 105.93 74.13

Resourceful Automobile Limited IPO Allotment status 

Resourceful Automobile IPO allotment is expected on August 27, 2024.

Resourceful Automobile IPO allotment status is not available at this time. Resourceful Automobile IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Resourceful Automobile Limited IPO allotment status.

To check Resourceful Automobile IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Cameo Corporate Services Limited either by phone or email. Investors can call on +91-44-28460390 or send an email with all relevant details to ipo@cameoindia.com.

Resourceful Automobile Limited IPO 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/

 

 Here is the list of Upcoming SME IPO in August 2024 

 

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.