Sawhney logo

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:

  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 Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,451.411,000.491,008.58429.46
Revenue1,723.641,938.261,250.11,127.26
Profit After Tax152.2441.528.730.16
Net Worth315.78163.5674.7846.05
Reserves and Surplus152.6766.2724.78-3.95
Total Borrowing992.34747.77673.73269.81
Amount in ₹ Lakhs
GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
29-08-2024 Listing117.00₹105 – No Change₹222 (89.74%)29-Aug-2024 6:04
28-08-2024117.00₹105 – No Change₹222 (89.74%)28-Aug-2024 15:02
27-08-2024 Allotment117.00₹105 – No Change₹222 (89.74%)27-Aug-2024 13:24
26-08-2024 Close117.00₹105 – Up₹222 (89.74%)26-Aug-2024 11:53
25-08-2024117.00₹85 – No Change₹202 (72.65%)25-Aug-2024 23:29
24-08-2024117.00₹85 – No Change₹202 (72.65%)24-Aug-2024 12:00
23-08-2024117.00₹85 – Up₹202 (72.65%)23-Aug-2024 6:04
22-08-2024 Open117.00₹80 – Up₹197 (68.38%)22-Aug-2024 10:00
21-08-2024117.00₹70 – Up₹187 (59.83%)21-Aug-2024 11:01
20-08-2024117.00₹55 – Up₹172 (47.01%)20-Aug-2024 23:24
19-08-2024117.00₹50 – Up₹167 (42.74%)19-Aug-2024 23:25
18-08-2024117.00₹20 – No Change₹137 (17.09%)18-Aug-2024 23:23
17-08-2024117.00₹20 – No Change₹137 (17.09%)17-Aug-2024 23:26

Resourceful Automobile Industries Limited IPO Details

Issue Opening DateAugust 22, 2024
Issue Closing Date
August 26, 2024
Face Value₹10 per share
Price₹117 per share
Lot Size1200 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 TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue1,631,145
Share holding post issue2,655,945
Market Maker portion51,600 shares

Resourceful Automobile Industries Limited IPO Timeline (Tentative Schedule)

EventTentative Date
IPO Open DateThursday, August 22, 2024
IPO Close DateMonday, August 26, 2024
Basis of AllotmentTuesday, August 27, 2024
Initiation of RefundsWednesday, August 28, 2024
Credit of Shares to DematWednesday, August 28, 2024
Listing DateThursday, August 29, 2024
Cut-off time for UPI mandate confirmation5 PM on August 26, 2024

Prospectus File

Visit – https://www.sawhneyauto.com/ for more details

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