Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Thu, Aug 22, 2024 - Mon, Aug 26, 2024
Resourceful Automobile IPO is a fixed price issue of ₹11.99 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹11.99 crore.
Resourceful Automobile IPO bidding started from Aug 22, 2024 and ended on Aug 26, 2024. The allotment for Resourceful Automobile IPO was finalized on Aug 27, 2024. The shares got listed on BSE SME on Aug 29, 2024.
Resourceful Automobile IPO price is ₹117 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,40,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,80,800.
Swastika Investmart Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Resourceful Automobile IPO RHP for detailed Information.
IPO Open
Thu, Aug 22, 2024
IPO Close
Mon, Aug 26, 2024
Issue Price
₹117 per share
Market Cap (Pre-IPO)
₹31.07 Cr
| IPO Date | 22 to 26 Aug, 2024 |
| Listed on | Thu, Aug 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹117 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,24,800 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 51,600 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.6037 Cr) |
| Fresh Issue (Ex Market Maker) | 9,73,200 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 9,73,200 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 16,31,145 shares |
| Share Holding Post Issue | 26,55,945 shares |
| BSE Script Code | 544236 |
| ISIN | INE0SK201011 |
Resourceful Automobile IPO comprises a total issue size of 10,24,800 shares. The net offer to the public is 9,73,200 shares, after excluding 51,600 shares allotted on a firm basis. Of the Net offer 4,75,200 (48.83%) allocated to NII 4,98,000 (51.17%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,75,200 | 48.83% | 46.37% |
| Retail Shares Offered | 4,98,000 | 51.17% | 48.59% |
| Firm Reservations | |||
| Market Maker Shares Offered | 51,600 | 5.04% | |
| Total Shares Offered | 10,24,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,40,400 |
| Retail (Max) | 1 | 1,200 | ₹1,40,400 |
| HNI (Min) | 2 | 2,400 | ₹2,80,800 |
Resourceful Automobile Limited was founded in 2018 and sells Yamaha two-wheelers under the name “Sawhney Automobile”.
Sawhney Automobile offers a comprehensive range of two-wheelers to fulfill a variety of customer wants and needs. The range includes commuter bikes, sports bikes, cruisers, and scooters from renowned manufacturers.
The company currently has two conceptual showrooms with an attached workshop. The Blue Square showroom in Dwarka, New Delhi, showcases the entire range of Yamaha two-wheelers, apparel, and accessories. Another showroom is located on Palam Road in New Delhi. This showroom offers a wide range of high-quality and distinctive two-wheelers, including the latest models from Yamaha India and a diverse collection of motorcycles.
As of July 31, 2024, the company has a total of 8 permanent employees.
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 14.51 | 10.00 | 10.09 | 4.29 |
| Total Income | 17.24 | 19.38 | 12.50 | 11.27 |
| Profit After Tax | 1.52 | 0.42 | 0.29 | 0.00 |
| NET Worth | 3.16 | 1.64 | 0.75 | 0.46 |
| Reserves and Surplus | 1.53 | 0.66 | 0.25 | -0.04 |
| Total Borrowing | 9.92 | 7.48 | 6.74 | 2.70 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Carry on Expansion of the company by opening of new showrooms in Delhi/ NCR; | 2.16 |
| 2 | Repayment of Debt | 4.56 |
| 3 | To Meet Incremental Working Capital Requirements | 3.36 |
| 4 | General Corporate Purpose | 1.26 |
| KPI | Feb 29, 2024 |
|---|---|
| ROE | 0.48 |
| ROCE | 31.22 |
| RoNW | 0.48 |
| PAT Margin | 266.84% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.54 | 6.25 |
| P/E (x) | 45.99 | 18.71 |
| Promoter Holding | 100% | 61.41% |
| Market Cap | ₹31.07 Cr. |
The Resourceful Automobile IPO is subscribed 418.82 times on August 26, 2024 6:19:07 PM (Day 3). The public issue subscribed 496.22 times in the retail category, [.] times in the QIB category, and 315.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 315.61 | 4,86,600 | 15,35,77,200 |
| Retail | 496.22 | 4,86,600 | 24,14,62,800 |
| Total | 418.82 | 9,73,200 | 40,75,96,800 |
Total Application : 2,48,114
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.25 |
| 2 | Fees Payable to Registrar to the Issue. | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses. | 0.25 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries. | 0.04 |
| 5 | Fees payable to Peer Review Auditor. | 0.04 |
| 6 | Fees Payable to Market Maker (for Two Years). | 0.06 |
| 7 | Escrow Bank Fees. | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹117.00 |
| Open | ₹117.00 |
| Low | ₹111.15 |
| High | ₹122.85 |
| Last Trade | ₹122.85 |
Lead Manager Reports
Resourceful Automobile IPO is a SME IPO of 10,24,800 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹117 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Aug 22, 2024, and closes on Mon, Aug 26, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Resourceful Automobile IPO using UPI as a payment gateway. Zerodha customers can apply in Resourceful Automobile IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Resourceful Automobile IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Resourceful Automobile IPO opens on Thu, Aug 22, 2024 and closes on Mon, Aug 26, 2024.
Resourceful Automobile IPO lot size is 1200, and the minimum amount required for application is ₹1,40,400.
You can apply in Resourceful Automobile IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Resourceful Automobile IPO will be done on Tuesday, August 27, 2024, and the allotted shares will be credited to your demat account by Wed, Aug 28, 2024. Check the Resourceful Automobile IPO allotment status.
The Resourceful Automobile IPO listing date is on Thu, Aug 29, 2024.
