Resourceful Automobile IPO Details
| IPO Size | 11.99 |
| Price Range | ₹117 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹140,400 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 61.41% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Resourceful Automobile IPO Timelines
22/08/2024
Start Date26/08/2024
End Date28/08/2024
Refund Initiation28/08/2024
Credit of Shares to Demat Ac29/08/2024
Listing DateResourceful Automobile IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹140,400 |
| Retail Maximum | 1 | 1200 | ₹140,400 |
| S-HNI Minimum | 2 | 2400 | ₹280,800 |
Resourceful Automobile IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 315.56 x | 495.18 x | -- | 418.27 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹117 | ₹122.85 | ₹122.85 | ₹111.15 |
Resourceful Automobile IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹11.27 | ₹11.26 | ₹00.01 |
| FY 2022 | ₹12.50 | ₹12.11 | ₹0.29 |
| FY 2023 | ₹19.38 | ₹18.78 | ₹0.42 |
| FY 2024 | ₹17.24 | ₹15.19 | ₹1.5 |
About Company
Incorporated in 2018, Resourceful Automobile Limited is involved in the dealership of two-wheeler bikes of Yamaha, operating under the showroom name “Sawhney Automobiles”. Specialising in the sales and servicing of motorcycles and scooters, with quality products and exceptional customer service, making it a trusted destination for motorcycle enthusiasts.
Sawhney Automobile caters to a diverse range of customer preferences and needs by offering a comprehensive selection of two-wheelers. The inventory encompasses commuter bikes, sport bikes, cruisers, and scooters sourced from reputable manufacturers.
India has seen rapid expansion in the two-wheeler sector, making it one of the biggest in the world. The demand for two-wheelers in India has increased as a result of urbanisation, a growing middle class, and increased affordability. Two-wheelers are seen as an affordable and practical means of transportation, especially in crowded metropolitan areas.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2018 | Automobile & Ancillaries | Rahul Sawhney |
Know Before Investing
Resourceful Automobile IPO Strengths
- The company offers a diverse range of two-wheelers, catering to various customer preferences and needs, with an unwavering commitment to quality service.
- The company is targeting to expand itscustomer base through the strategic establishment of new showrooms.
Resourceful Automobile IPO Risks
- The industry in which it operates is highly sensitive to changing economic conditions and various other factors. Any fall in demand for vehicles by individuals or entities may adversely impact its business prospects and results of operations.
- The rising competition among automotive dealerships via online and offline marketing may decrease its profit margins on vehicle sales and related businesses.
Swot Analysis for Resourceful Automobile IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Resourceful Automobile Limited
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: [email protected]
Website: http://www.sawhneyauto.com/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Resourceful Automobile IPO are:
- Expansion of the company by opening of new showrooms in Delhi/NCR
- Repayment of Debt
- Funding working capital requirements.
- General corporate purposes
Swastika Investmart Ltd. is the book-running lead managers for the Resourceful Automobile IPO.