Resourceful Automobile IPO will open for subscription from 22 August 2024. The company aims for an issue size of ₹11.99 Cr through this IPO.
Company Overview
| Full name | Resourceful Automobile Limited |
| Sector | Automobile & Ancillaries |
| Industry | Automobiles – Dealers & Distributors |
| Company Website | https://www.sawhneyauto.com/ |
About Company
Resourceful Automobile actively deals in Yamaha two-wheelers through its showroom “Sawhney Automobiles.” Specializing in motorcycle and scooter sales and services, it prides itself on offering quality products and exceptional customer service, making it a trusted destination for motorcycle enthusiasts. Sawhney Automobile attends to many customer tastes and requirements by providing an extensive array of two-wheelers. Their stock includes commuter bikes, sport bikes, cruisers, and scooters sourced from well-known manufacturers. Being an authorized Yamaha dealership ensures customers can access the newest models and genuine spare parts.
Currently, the company operates two concept-driven showrooms, each with an integrated workshop. The Blue Square outlet, situated in Dwarka, New Delhi, showcases Yamaha’s entire range of two-wheelers, apparel, and accessories. Both of these new locations are 3S facilities, providing end-to-end Sales, Service, and Spares support. Additionally, the company has another showroom located on Palam Road, New Delhi. As of 31 July 2024, Sawhney Automobile employs a total of 8 staff members.
The Objectives of the Issue
- To Carry on the Expansion of the company by opening new showrooms in Delhi/ NCR;
- Repayment of Debt;
- To Meet Incremental Working Capital Requirements; and
- General Corporate Purpose and to meet Public Issue Expenses.
Resourceful Automobile IPO Timetable
| IPO Opening date | 22 August 2024 |
| IPO Closing | 26 August 2024 |
| Basis of Allotment | 27 August 2024 |
| Initiation Refund | 28 August 2024 |
| Credit to Demat Account | 28 August 2024 |
| Listing Date | 29 August 2024 |
Resourceful Automobile IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹11.99 Cr – 1,024,800 shares |
| Fresh Issue | ₹11.99 Cr – 1,024,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹117 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 51,600 shares |
| Shareholding pre-issue | 1,631,145 |
| Shareholding post-issue | 2,655,945 |
| Listing Exchange | BSE SME |
Resourceful Automobile IPO Lot Size
| 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 Offer Documents
Resourceful Automobile IPO Reservation Details
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Resourceful Automobile Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 11M FY 2024 | |
| Revenue | 1,103.79 | 1,231.71 | 1,883.92 | 1,653.86 |
| Expenses | 1,126.44 | 1,211.49 | 1,878.37 | 1,518.65 |
| Net income | 0.16 | 28.73 | 41.50 | 152.24 |
Resourceful Automobile Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.03 | 5.75 | 4.27 |
| PE ratio | – | – | 27.40 |
| RONW (%) | 0.35 | 38.42 | 25.37 |
| NAV | 9.21 | 14.96 | 16.81 |
| ROCE (%) | 9.43 | 13.04 | 16.07 |
| EBITDA (%) | 3.28 | 7.36 | 7.84 |
| Debt/Equity | 5.86 | 9.01 | 4.57 |
Company Promoters
- Mr. Rahul Sawhney
- Mrs. Megha Chawla
- Mrs. Bindu Sawhney
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 61.41% |
Resourceful Automobile Offer GMP Update
Coming Soon
Resourceful Automobile IPO Subscription Update
Coming Soon
Resourceful Automobile IPO Allotment Status
Resourceful Automobile IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Resourceful Automobile IPO Listing Details
| Listing Date | 29 August 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Resourceful Automobile IPO Lead Manager(s)
SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email: merchantbanking@swastika.co.in
Website: www.swastika.co.in
Resourceful Automobile Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700, 28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Resourceful Automobile 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 84969
E-mail: cs@sawhneyauto.com
Website: www.sawhneyauto.com
Resourceful Automobile IPO FAQs
What is Resourceful Automobile offer size?
Resourceful Automobile offer size is ₹ 11.99 crores.
What is Resourceful Automobile offer price band?
Resourceful Automobile public offer price is ₹ 117 per share.
What is the lot size of Resourceful Automobile IPO?
Resourceful Automobile offer a lot size is 1,200 shares.
What is Resourceful Automobile Offer GMP today?
Resourceful Automobile IPO GMP today is ₹ 25 per share.
What is Resourceful Automobile kostak rate today?
Resourceful Automobile kostak rate today is ₹ NA per application.
What is Resourceful Automobile Subject to Sauda rate today?
Resourceful Automobile is Subject to Sauda rate today is ₹ 20,000 per application.
Final thoughts
Resourceful Automobile IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
