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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 ₹117.00 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). The minimum lot size investment for 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 Date | August 22, 2024 to August 26, 2024 |
| Listing Date | August 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹117 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,24,800 shares (aggregating up to ₹11.99 Cr) |
| Reserved for Market Maker | 51,600 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.6037 Cr) |
| Net Offered to Public | 9,73,200 shares (aggregating up to ₹11.39 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 16,31,145 shares |
| Share Holding Post Issue | 26,55,945 shares |
Resourceful Automobile IPO offers total 10,24,800 shares. Out of which 4,75,200 (46.37%) allocated to NII, 4,98,000 (48.59%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 51,600 (5.04%) |
| NII (HNI) Shares Offered | 4,75,200 (46.37%) |
| Retail Shares Offered | 4,98,000 (48.59%) |
| Total Shares Offered | 10,24,800 (100.00%) |
Resourceful Automobile IPO opens on August 22, 2024, and closes on August 26, 2024.
| IPO Open Date | Thu, Aug 22, 2024 |
| IPO Close Date | Mon, Aug 26, 2024 |
| Tentative Allotment | Tue, Aug 27, 2024 |
| Initiation of Refunds | Wed, Aug 28, 2024 |
| Credit of Shares to Demat | Wed, Aug 28, 2024 |
| Tentative Listing Date | Thu, Aug 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 26, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 1,451.41 | 1,000.49 | 1,008.58 | 429.46 |
| Total Income | 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Resourceful Automobile IPO is ₹31.07 Cr.
KPI as of Thu, Feb 29, 2024.
| KPI | Values |
|---|---|
| ROE | 0.48 |
| ROCE | 31.22 |
| RoNW | 0.48 |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.54 | 6.25 |
| P/E (x) | 45.99 | 18.71 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of two wheeler dealership. It posted inconsistency in its financial performances for the reported periods. Based on FY24 annualized super earnings, the issue appears aggressively priced. Small equity base post-IPO indicates longer gestation for migration. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
| Listing Date | August 29, 2024 |
| BSE Script Code | 544236 |
| NSE Symbol | |
| ISIN | INE0SK201011 |
| Final Issue Price | ₹117 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹117.00 |
| Open | ₹117.00 |
| Low | ₹111.15 |
| High | ₹122.85 |
| Last Trade | ₹122.85 |
Resourceful Automobile Ltd.
K-24, Upper Ground,
KH No. 107/10 Main Road,
Raja puri, West Delhi, New Delhi – 110059
Delhi, New Delhi
Phone: +91 9773784969
Email: cs@saiswamimetals.com
Website: http://www.sawhneyauto.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Resourceful Automobile IPO is a SME IPO of 10,24,800 equity shares of the face value of ₹10 aggregating up to ₹11.99 Crores. The issue is priced at ₹117 per share. The minimum order quantity is 1200.
The IPO opens on August 22, 2024, and closes on August 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 August 22, 2024 and closes on August 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 Wednesday, August 28, 2024. Check the Resourceful Automobile IPO allotment status.
The Resourceful Automobile IPO listing date is on Thursday, August 29, 2024.
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