Resourceful Automobile Limited IPO

NiftyTrader • August 20, 2024

Post Views: 5,964

Resourceful Automobile Limited IPO opens on August 22, 2024, and closes on August 26, 2024. The allotment for the Resourceful Automobile Limited IPO is anticipated to be completed on Tuesday, August 27, 2024. The IPO will be listed on the SME and BSE, with a tentative date set for Thursday, August 29,2024.

The Resourceful Automobile Limited IPO’s price band is Rs 117 per share. The IPO is a book-built issue of Rs 11.99 crores, an entirely new issue of 10.25 lakh shares.

Resourceful Automobile IPO Details

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
Shareholding pre-issue	1,631,145
Shareholding post-issue	2,655,945
Market Maker portion	51,600 shares

Resourceful Automobile IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹140,400
Retail (Max)	1	1200	₹140,400
S-HNI (Min)	2	2400	₹280,800

Resourceful Automobile IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

General Corporate Purpose
Repayment of Debt;
To Meet Incremental Working Capital Requirements; and
General Corporate Purpose and to meet Public Issue Expenses.

About Resourceful Automobile Limited

Founded in 2018, Resourceful Automobile Limited, operating under the name “Sawhney Automobile,” specializes in selling Yamaha two-wheelers, offering a diverse lineup that includes commuter bikes, sports bikes, cruisers, and scooters. The company operates two conceptual showrooms in New Delhi—one is the Blue Square showroom in Dwarka, which features the full range of Yamaha two-wheelers, apparel, and accessories, while the other, located on Palam Road, showcases the latest Yamaha models alongside a variety of distinctive motorcycles. As of July 31, 2024, the company employs eight permanent staff members.

Resourceful Automobile Limited Financial Information

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

Resourceful Automobile IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	50% of the net offer
Other Shares Offered	50% of the net offer

Resourceful Automobile IPO Timeline

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
A 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

Conclusion

The Resourceful Automobile Limited IPO, opening on August 22, 2024, and closing on August 26, 2024, offers an opportunity for investors to participate in a growing company in the Yamaha two-wheeler segment. Priced at Rs 117 per share, the IPO aims to raise Rs 11.99 crores through a fresh issue of 10.25 lakh shares. The funds will be utilized for debt repayment, working capital, and general corporate purposes. With its listing on the BSE SME scheduled for August 29, 2024, Resourceful Automobile is poised to strengthen its market presence in New Delhi.