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Resourceful Automobile IPO is a fixed price issue of Rs 11.99 crores. The issue is entirely a fresh issue of 10.25 lakh shares.
Resourceful Automobile IPO bidding opened for subscription on August 22, 2024 and will close on August 26, 2024. The allotment for the Resourceful Automobile IPO is expected to be finalized on Tuesday, August 27, 2024. Resourceful Automobile IPO will list on BSE SME with tentative listing date fixed as Thursday, August 29, 2024.
Resourceful Automobile IPO price is ₹117 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹140,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹280,800.
Swastika Investmart Ltd is the book running lead manager of the Resourceful Automobile IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Resourceful Automobile IPO is Nikunj Stock Brokers.
Refer to Resourceful Automobile IPO RHP for detailed information.
| IPO Date | August 22, 2024 to August 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹117 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,024,800 shares (aggregating up to ₹11.99 Cr) |
| Fresh Issue | 1,024,800 shares (aggregating up to ₹11.99 Cr) |
| 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 Nikunj Stock Brokers |
Resourceful Automobile IPO offers 1,024,800 shares. 486,600 (47.48%) to NII, 486,600 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 51,600 (5.04%) |
| Other Shares Offered | 486,600 (47.48%) |
| Retail Shares Offered | 486,600 (47.48%) |
| Total Shares Offered | 1,024,800 (100%) |
Resourceful Automobile IPO opens on August 22, 2024, and closes on August 26, 2024.
| 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹140,400 |
| Retail (Max) | 1 | 1200 | ₹140,400 |
| HNI (Min) | 2 | 2,400 | ₹280,800 |
| Lot Size Calculator | |||
Mr. Rahul Sawhney, Mrs. Megha Chawla, and Mrs. Bindu Sawhney are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 61.41% |
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 | ||||||||||||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Resourceful Automobile IPO is Rs 31.07 Cr.
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 0.48 |
| ROCE | 31.22 |
| RoNW | 0.48 |
| P/BV | 0 |
| 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...
The Resourceful Automobile IPO is subscribed 74.13 times on August 23, 2024 7:02:07 PM. The public issue subscribed 105.93 times in the retail category, times in the QIB category, and 42.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 42.32 |
| Retail | 105.93 |
| Total | 74.13 |
Total Application : 52,187 (128.54 times)
Resourceful Automobile Limited
K-24, Upper Ground,
KH No. 107/10 Main Road,
Raja puri, West Delhi, New Delhi � 110059
Phone: +91 97737 8496
Email: cs@saiswamimetals.com
Website: http://www.sawhneyauto.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Resourceful Automobile IPO is a SME IPO of 1,024,800 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 Shares.
The IPO opens on August 22, 2024, and closes on August 26, 2024.
Cameo Corporate Services Limited 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 Shares, and the minimum amount required is ₹140,400.
You can apply in Resourceful Automobile IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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