Resourceful Automobile Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 475,200 (46%) Retail Shares Offered 498,000 (49%) Total Shares Offered 1,024,800 (100%) | — | ₹556 Cr |
| Retail | — | 498,000 (49%) | — | ₹583 Cr |
| Market Maker | — | 51,600 (5%) | — | ₹6 Cr |
| Σ Total | — | 1,024,800 (100%) | — | ₹11,990 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹140,400 |
| Retail (Max) | 13 | 15,600 | ₹1,825,200 |
| S-HNI (Min) | 14 | 16,800 | ₹1,965,600 |
| B-HNI (Min) | 67 | 80,400 | ₹9,406,800 |
Financial Statements Amount in ₹ Lakhs
| Metric | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 1,724 | 1,938 | 1,250 |
| Profit After Tax | 1,250 | 1,250 | 1,250 |
| Net Worth | 1,250 | 164 | 164 |
| Total Assets | 1,451 | 1,000 | 1,000 |
| Reserves & Surplus | 152,670 | 66 | 25 |
| Total Borrowing | 992 | 748 | 674 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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. –
Company Overview
Resourceful Automobile Limited was founded in 2018 and sells Yamaha two-wheelers under the name “Sawhney Automobile”.
Sawhney Automobile offers a comprehensive range of two-wheelers to fulfill a variety of customer wants and needs. The range includes commuter bikes, sports bikes, cruisers, and scooters from renowned manufacturers.
The company currently has two conceptual showrooms with an attached workshop. The Blue Square showroom in Dwarka, New Delhi, showcases the entire range of Yamaha two-wheelers, apparel, and accessories. Another showroom is located on Palam Road in New Delhi. This showroom offers a wide range of high-quality and distinctive two-wheelers, including the latest models from Yamaha India and a diverse collection of motorcycles.
As of July 31, 2024, the company has a total of 8 permanent employees.