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Resourceful Automobile IPO

Resourceful Automobile IPO

  • Status: Closed
  • RHP:
  • ₹ 140,400 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    22 Aug 2024

  • Close Date

    26 Aug 2024

  • IPO Price Range

    ₹ 117

  • IPO Size

    ₹ 11.99 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    29 Aug 2024

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IPO Timeline

Resourceful Automobile IPO Subscription Status

Last Updated: 26 August 2024 6:12 PM by 5Paisa

Last Updated: 26th August 2024, 5:30 PM by 5paisa

Resourceful Automobile IPO is set to open on 22 August 2024 and will close on 26 August 2024. The company specializes in selling Yamaha two-wheelers.

The IPO includes a fresh issue of 10,24,800 shares aggregating up to ₹11.99 Cr. The price is ₹117 per share and the lot size is 1200 shares. 

The allotment is scheduled to be finalized on 27 August 2024. It will go public on BSE SME, with a tentative listing date of 29 August 2024.

Swastika Investmart Ltd is the book-running lead manager, while Cameo Corporate Services Ltd is the registrar. 
 

Resourceful Automobile IPO Size

Types Size (₹Cr)
Total IPO size 11.99
Offer for sale -
Fresh issue 11.99

Resourceful Automobile IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 1,200 1,40,400
Retail (Max) 1 1,200 1,40,400
HNI (Min) 2 2,400 2,80,800

 

Resourceful Automobile IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 315.61 4,86,600 15,35,77,200 1,796.85
Retail 496.22 4,86,600 24,14,62,800 2,825.11
Total 418.82 9,73,200 40,75,96,800 4,768.88

 

To Carry on the Expansion of the company by opening new showrooms in Delhi/ NCR.
Repayment of Debt.
To Meet Incremental Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.
 

Founded in 2018, Resourceful Automobile Limited operates under the brand “Sawhney Automobile” and specializes in selling Yamaha two-wheelers.

Sawhney Automobile offers a wide selection of two-wheelers, catering to various customer preferences, including commuter bikes, sports bikes, cruisers, and scooters from renowned brands.

The company operates two modern showrooms with attached workshops. The Blue Square showroom in Dwarka, New Delhi, showcases the full range of Yamaha two-wheelers, along with apparel and accessories. The second showroom, located on Palam Road in New Delhi, features a diverse collection of high-quality motorcycles, including the latest models from Yamaha India.

As of July 31, 2024, the company employs 8 permanent staff members.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 19.38 12.50 11.27
EBITDA 1.48 0.91 0.36
PAT 0.42 0.29 0.01
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 10.00 10.09 4.29
Share Capital 0.97 0.50 0.50
Total Borrowings 7.48 6.74 2.70
Particulars (in Rs. Crores) FY23 FY22 FY21
Net Cash Generated From / (used in) operating activities -0.25 -4.17 0.54
Net Cash Generated From / (used in) investing activities 0.38 -0.09 -0.18
Net Cash Generated From / (used in) financing activities 0.00 3.64 0.18
Net Increase (Decrease) In Cash And Cash Equivalents 0.13 -0.62 0.54

Strengths

1. It offers a comprehensive lineup of Yamaha two-wheelers, catering to various customer needs.
2. The company’s showrooms in prime areas offer high visibility and easy accessibility for customers.
3. The exclusive focus on Yamaha, a trusted and renowned brand, enhances credibility and attracts brand-loyal customers.
4. With attached workshops at both showrooms, Sawhney Automobile provides end-to-end service.
5. The specialized showrooms, especially the Blue Square concept, allow the company to target a premium customer base.
 

Risks

1. The business’s success is closely tied to Yamaha’s brand performance and product updates.
2. The two-wheeler market in New Delhi is highly competitive, with many dealerships offering similar products.
3. The demand for two-wheelers can be highly influenced by economic conditions, affecting sales, especially in a competitive urban market.
4. With only two showrooms, the company’s market reach is restricted.
 

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FAQs

Resourceful Automobile IPO opens from 22nd August to 26th August 2024.
 

The size of Resourceful Automobile IPO is ₹11.99 Cr.
 

The price of Resourceful Automobile IPO is fixed at ₹117 per share. 
 

To apply for Resourceful Automobile IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Resourceful Automobile IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Resourceful Automobile IPO is 1,200 shares and the investment required is ₹1,40,400.
 

The share allotment date of Resourceful Automobile IPO is 27th August 2024
 

The Resourceful Automobile IPO will be listed on 29th August 2024.
 

Swastika Investmart Ltd is the book-running lead manager for Resourceful Automobile IPO.
 

Resourceful Automobile plans to utilize the raised capital from the IPO for:

To Carry on the Expansion of the company by opening new showrooms in Delhi/ NCR.
Repayment of Debt.
To Meet Incremental Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.