Resourceful Automobile IPO Details: The IPO for Resourceful Automobile is scheduled to open on August 22 and close on August 26. This BSE SME IPO aims to raise ₹11.99 crores, with a price band set at ₹117 per share and a market lot of 1,200 shares.
Resourceful Automobile operates as an authorized Yamaha dealership under the name “Sawhney Automobiles.” The company specializes in the sale and service of motorcycles and scooters, establishing itself as a trusted choice for motorcycle enthusiasts through its commitment to quality products and exceptional customer service.
Sawhney Automobiles offers a wide range of two-wheelers, including commuter bikes, sport bikes, cruisers, and scooters from reputable manufacturers. As a certified Yamaha dealer, it provides access to the latest models and genuine spare parts. The dealership not only facilitates bike purchases but also supports customers with expert advice, test rides, and financing options. Its advanced service center, staffed by skilled technicians, ensures that all maintenance and repairs are handled with precision using authentic spare parts, preserving the performance and longevity of the bikes.
The company’s mission is to deliver a diverse range of high-quality motorcycles, outstanding service, and to build a community that embodies the spirit of freedom and exploration on two wheels. Resourceful Automobile is dedicated to innovation, integrity, and customer satisfaction, striving to be the premier destination for riders. Its vision is to set new industry standards, nurture a vibrant rider community, and leave a lasting legacy of excellence in the world of motorcycling.
Resourceful Automobile IPO Objectives:
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 IPO Review (Apply or Not)
- Avoid
Resourceful Automobile IPO Date & Price Band Details:
| IPO Open: | August 22, 2024 |
| IPO Close: | August 26, 2024 |
| IPO Size: | Approx ₹11.99 Crores, 10,24,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹117 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Resourceful Automobile IPO Lot Size:
The minimum market lot for the Resourceful Automobile IPO is 1,200 shares, requiring an application amount of ₹140,400.
| 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 Timeline:
The Resourceful Automobile IPO will open on August 22 and close on August 26. The allotment date is scheduled for August 27, with the listing potentially occurring on August 29.
| IPO Open Date: | August 22, 2024 |
| IPO Close Date: | August 26, 2024 |
| Basis of Allotment: | August 27, 2024 |
| Refunds: | August 28, 2024 |
| Credit to Demat Account: | August 28, 2024 |
| IPO Listing Date: | August 29, 2024 |
Resourceful Automobile IPO GMP Today:
The Grey Market Premium (GMP) for the Resourceful Automobile SME IPO stands at ₹55. With the IPO’s price band set at ₹117, the estimated listing price is ₹172 (price band plus GMP). This translates to an expected gain of 47.01% per share.
Resourceful Automobile Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹11.27 | ₹11.26 | ₹00.01 |
| 2022 | ₹12.50 | ₹12.11 | ₹0.29 |
| 2023 | ₹19.38 | ₹18.78 | ₹0.42 |
| 2024 | ₹17.24 | ₹15.19 | ₹1.5 |
Resourceful Automobile IPO Valuation – FY2024
Check Resourceful Automobile IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.27 per Equity Share |
| Price/Earning P/E Ratio: | 4.06 |
| Return on Net Worth (RoNW): | 25.37% |
| Net Asset Value (NAV): | ₹16.81 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Rahul Sawhney
- Mrs. Megha Chawla
- Mrs. Bindu Sawhney
Resourceful Automobile IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-40020700, 28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Resourceful Automobile IPO Allotment Status
Check Resourceful Automobile IPO allotment status on Cameo Corporate website URL. Click Here
Resourceful Automobile IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Limited
Company Address
Resourceful Automobile Limited
K-24, Upper Ground, KH No. 107/10 Main Road,
Raja Puri, West Delhi, New Delhi – 110059
Phone: +91 – 97737 84969
E-mail: cs@sawhneyauto.com
Website: www.sawhneyauto.com
Resourceful Automobile IPO FAQs
1. What are the key dates for the Resourceful Automobile IPO?
- IPO Open Date: August 22, 2024
- IPO Close Date: August 26, 2024
- Allotment Date: August 27, 2024
- Expected Listing Date: August 29, 2024
2. What is the price band for the Resourceful Automobile IPO? The price band for the IPO is set at ₹117 per share.
3. What is the minimum market lot size for the IPO? The minimum market lot size is 1,200 shares, with an application amount of ₹140,400.
4. What is the Grey Market Premium (GMP) for the IPO? As of August 20, 2024, the GMP is ₹55.
5. What is the estimated listing price of the IPO? Based on the GMP and the price band, the estimated listing price is ₹172 per share.
6. What is the expected percentage gain or loss per share? The expected percentage gain per share, based on the estimated listing price and the IPO price band, is 47.01%.
7. What is Resourceful Automobile’s business focus? Resourceful Automobile operates as an authorized Yamaha dealership under the name “Sawhney Automobiles,” specializing in the sale and service of motorcycles and scooters.
8. What types of two-wheelers does Sawhney Automobiles offer? Sawhney Automobiles offers a diverse selection of two-wheelers, including commuter bikes, sport bikes, cruisers, and scooters from reputable manufacturers.
9. What services does Sawhney Automobiles provide? In addition to sales, Sawhney Automobiles offers expert guidance, test rides, financing options, and maintenance services. Their service center handles routine maintenance and repairs with genuine spare parts.
10. What is the mission and vision of Resourceful Automobile? The mission is to provide high-quality motorcycles and exceptional service while fostering a community that celebrates the freedom and exploration of two-wheeled travel. The vision is to set industry standards, build a vibrant rider community, and create a lasting legacy of excellence.
