
Issue Size (Net)
Rs. 11.99 Cr
Price Band
Rs. 117
Lot Size
1200 Shares
Issue Opens
22 August 2024
1. Company Information
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.
2. Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 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 Limited Financial Information (Restated)
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 |
Amount in ₹ Lakhs |
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
29-08-2024 Listing | 117.00 | ₹105 – No Change | ₹222 (89.74%) | 29-Aug-2024 6:04 |
28-08-2024 | 117.00 | ₹105 – No Change | ₹222 (89.74%) | 28-Aug-2024 15:02 |
27-08-2024 Allotment | 117.00 | ₹105 – No Change | ₹222 (89.74%) | 27-Aug-2024 13:24 |
26-08-2024 Close | 117.00 | ₹105 – Up | ₹222 (89.74%) | 26-Aug-2024 11:53 |
25-08-2024 | 117.00 | ₹85 – No Change | ₹202 (72.65%) | 25-Aug-2024 23:29 |
24-08-2024 | 117.00 | ₹85 – No Change | ₹202 (72.65%) | 24-Aug-2024 12:00 |
23-08-2024 | 117.00 | ₹85 – Up | ₹202 (72.65%) | 23-Aug-2024 6:04 |
22-08-2024 Open | 117.00 | ₹80 – Up | ₹197 (68.38%) | 22-Aug-2024 10:00 |
21-08-2024 | 117.00 | ₹70 – Up | ₹187 (59.83%) | 21-Aug-2024 11:01 |
20-08-2024 | 117.00 | ₹55 – Up | ₹172 (47.01%) | 20-Aug-2024 23:24 |
19-08-2024 | 117.00 | ₹50 – Up | ₹167 (42.74%) | 19-Aug-2024 23:25 |
18-08-2024 | 117.00 | ₹20 – No Change | ₹137 (17.09%) | 18-Aug-2024 23:23 |
17-08-2024 | 117.00 | ₹20 – No Change | ₹137 (17.09%) | 17-Aug-2024 23:26 |
Resourceful Automobile Industries Limited IPO Details
Issue Opening Date | August 22, 2024 |
Issue Closing Date | August 26, 2024 |
Face Value | ₹10 per share |
Price | ₹117 per share |
Lot Size | 1200 Shares |
Total Issue Size (aggregating up to ₹11.99 Cr) | 1,024,800 shares |
Fresh Issue (aggregating up to ₹11.99 Cr) | 1,024,800 shares |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 1,631,145 |
Share holding post issue | 2,655,945 |
Market Maker portion | 51,600 shares |
Resourceful Automobile Industries Limited IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
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 |
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 |
Prospectus File
Visit – https://www.sawhneyauto.com/ for more details