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Resourceful Automobile Ltd

Trading

Offer Period :

22nd to 26th Aug 2024

Founded in 2018, Resourceful Automobile Limited operates under the name “Sawhney Automobile,” specializing in Yamaha two-wheelers. They offer a wide selection including commuter bikes, sports bikes, cruisers, Read more...and scooters. The company has two showrooms in New Delhi: the Blue Square showroom in Dwarka, featuring Yamaha’s full range and accessories, and another on Palam Road, showcasing the latest models and a diverse collection. As of July 31, 2024, Resourceful Automobile employs 8 permanent staff. Read less

Resourceful Automobile Ltd IPO Details

IPO Date 22nd to 26th Aug 2024 Minimum Investment ₹140400 / 1 Lots
Listing Date 2024-08-29 Maximum Investment ₹140400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹11.99 Crores
Price ₹117 to ₹117 per share Fresh Issue ₹11.99 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 22nd to 26th Aug 2024
Listing Date 2024-08-29
Face Value ₹10 per share
Price ₹117 to ₹117 per share
Lot Size 1 Lots (1200 Shares)
Listing At BSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹140400 / 1 Lots
Maximum Investment ₹140400 / 1 Lots
Total Issue Size ₹11.99 Crores
Fresh Issue ₹11.99 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

22nd Aug

IPO Starts

26th Aug

IPO Ends

27th Aug

Allotment Date

28th Aug

Initiation of Refund

28th Aug

Credit of Shares to Demat Account

29th Aug

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 61.41
Public Group 0 38.59

Resourceful Automobile Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 475200(46.37%)
Retail Shares Offered 498000(48.59%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1024800
Total Shares With Anchor Investor 1024800

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Resourceful Automobile Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number +91-44-40020700, 28460390;
Email Id ipo@cameoindia.com;
Our Website www.cameoindia.com

Resourceful Automobile Ltd IPO Lead Manager

1. Swastika Investmart Ltd

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Resourceful Automobile Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Resourceful Automobile Ltd

1. Experienced Promoter and Management Team.

2. Product Range and Quality Service.

3. Locational Advantage.

4. Brand Partnerships.

5. Online Presence.

Risks Involved

1. The company has transferred all outstanding loans from Hero Fincorp Limited, NBFC to Deutsche Bank AG w.e.f. 05th February, 2024. There has been a change of Borrower in Objects of the Issue after filing of the Draft Prospectus by the company with the exchange. A significant deviation in the Object could adversely impact the operations and sustainability in absence of any independent monitoring agency.

2. A large portion of its business revenue is derived from the company dealership of Yamaha (Commercial). Any adverse developments in the growth, demand or sales for these OEMs could have an adverse effect on its business, results of operations and financial condition.

3. The automotive industry is sensitive to changing economic conditions and various other factors. Any decline in demand for vehicles by individuals or entities may adversely impact its business prospects and results of operations.

4. The company is subject to the significant influence of, and restrictions imposed by its OEMs pursuant to the terms of its dealership agreements that may adversely impact the company's business, results of operations, financial condition and prospects, including its ability to expand into new territories and acquire additional dealerships.

5. The Company had negative cash flows in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

6. Increasing competition among automotive dealerships through online and offline marketing reduces its profit margins on vehicle sales and related businesses.

7. Its vehicle sales are impacted by the incentive, marketing, and other programs of the OEMs. Further, any adverse impact on its sales directly impacts the company profit margins and adversely affects its financial conditions and results of operations.

8. The company has had certain inaccuracy in relation to regulatory filings to be made with the RoC and the company has made non-compliances of certain provision under applicable law.

9. The company may fails to successfully implement its growth strategy, which includes acquiring existing dealerships, diversifying its portfolio and penetrating deeper into existing geographic locations which may adversely affect its financial condition and results of operations.

10. The company may be subject to labour unrest, slowdowns and increased wage costs. Increase in any such cost could impact its profitability which may adversely affect the company's business and results of operations.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Resourceful Automobile Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-08-29 544236 -
INE0SK201011
₹117 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹117 ₹117
Open ₹117 ₹0
Low ₹111.15 ₹0
High ₹122.85 ₹0
Low ₹111.15 ₹0

Frequently Asked Questions

What is Resourceful Automobile Ltd IPO?

Answer Field

Resourceful Automobile Ltd IPO is a SME IPO of 10,24,800 equity shares of a face value of ₹10 aggregating up to ₹11.99 Crores. The issue is priced at ₹117 to ₹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 Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Resourceful Automobile Ltd IPO will open?

Answer Field

The Resourceful Automobile Ltd IPO opens on August 22, 2024 and closes on August 26, 2024.

What is the lot size of Resourceful Automobile Ltd?

Answer Field

Resourceful Automobile Ltd lot size is 1200 shares, and the minimum amount required is ₹1,40,400.

How to apply for Resourceful Automobile Ltd IPO?

Answer Field

You can apply in Resourceful Automobile Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Resourceful Automobile Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Resourceful Automobile Ltd IPO will be done on August 27, 2024, and the allotted shares will be credited to your demat account by August 28, 2024.

When is Resourceful Automobile Ltd IPO listing date?

Answer Field

The Resourceful Automobile Ltd listing date is August 29, 2024.

Who is the registrar of Resourceful Automobile Ltd IPO?

Answer Field

The registrar of Resourceful Automobile Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Swastika Investmart Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Resourceful Automobile Ltd IPO?

Answer Field

The fresh issue size is ₹11.99 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Resourceful Automobile Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,40,400 amount.

How can I approve the UPI mandate request for Resourceful Automobile Ltd IPO?

Answer Field

To apply for Resourceful Automobile Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Resourceful Automobile Ltd?

Answer Field

The price of each Resourceful Automobile Ltd share will be ranging in between ₹117 to ₹117 per share.

What is the cut-off time for the UPI mandate for Resourceful Automobile Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 26, 2024.

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