Resourceful Automobile Ltd. was incorporated on February 21, 2018. The company operates as a dealership for 'Yamaha' two-wheelers under the showroom name 'Sawhney Automobile.' It also offers expert guidance to help customers choose the right bike, arrange test rides, and provide financing options to make purchases more accessible.
| Bidding Dates |
|---|
| 22 Aug 2024 - 26 Aug 2024 |
| Subscription |
|---|
| 397.78x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,400 | 1 | 1 | 1200 | 1.0 M | ₹117 | 61.41 % | ₹119.9 M | RHP DOC |
Resourceful Automobile IPO SUBSCRIPTION STATUS
26 Aug '24Resourceful Automobile IPO overall subscription rate was 397.78 times the total available shares
Resourceful Automobile IPO retail subscription rate was 471.24 times in the retail segment
Resourceful Automobile IPO non-institutional investor subscription rate was 324.33 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 Aug 2024 (Day 3) | 471.24x | 324.33x | - |
23 Aug 2024 (Day 2) | 100.6x | 40.3x | - |
22 Aug 2024 (Day 1) | 17.01x | 2.64x | - |
Resourceful Automobile FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 11MFY24 | 15.2 | 165.4 | -8.9 | -8.9 | 18.2% |
| FY23 | 4.2 | 188.4 | -2.5 | -3.4 | 7.8% |
| FY22 | 2.9 | 123.2 | 41.7 | 40.8 | 7.4% |
| FY21 | 0.0 | 110.4 | 5.4 | 3.6 | 3.3% |
Resourceful Automobile IPO SUBSCRIPTION STATUS DETAILS
Resourceful Automobile had 1.0 M shares on offer
Resourceful Automobile IPO offer price was ₹117
Resourceful Automobile IPO minimum Investment was ₹140400
Resourceful Automobile IPO issue size was ₹ 119.9 M
Resourceful Automobile had a minimum lot size of 1200 Shares per application
Resourceful Automobile NUMBER OF SHARES ON OFFER
Resourceful Automobile IPO IMPORTANT DATES
| Issue Open Date | 22 Aug 2024 |
| Issue close Date | 26 Aug 2024 |
| Allotment Date | 27 Aug 2024 |
| Refund Date | 28 Aug 2024 |
| Demat Account Credit Date | 28 Aug 2024 |
| Listing Date | 29 Aug 2024 |
| Listing on Exchange(s) | BSE |
| Resourceful Automobile Allotment Status | Exchange |
Resourceful Automobile IPO subscription opened on 22 Aug 2024, and closed on 26 Aug 2024
IPO allotment for Resourceful Automobile was finalized on Tuesday, 27 Aug 2024
IPO listing for Resourceful Automobile was on BSE on Thursday, 29 Aug 2024
Resourceful Automobile IPO LISTING GAINS
| Issue Price (adjusted) | 117.0 |
| Listing Open Price | 117.0 |
| Listing Close Price | 122.8 |
| Listing Gain% | 0.0% |
| Current Gain% | -64.3% |
Resourceful Automobile Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Resourceful Automobile Ltd. | 41.7 | 11.1 | 7.3 | 0.4 | 0.4 | 8.2 | 4.3 | 26.9 | 24.2 | 1.5 | 19.2 | 5.7 | 19.2 |
| Vedant Fashions Ltd. | 516.9 | 12559.5 | 32.5 | -13.1 | 8.6 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 93.9 | 11455.8 | 65.1 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 618.4 | 7986.5 | 57.5 | 2 | 2.7 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2782.1 | 7444.3 | 71.7 | 5.8 | 4.3 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 165.8 | 6380.3 | 30.9 | 0.3 | 0.8 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Resourceful Automobile INFORMATION ON IPO ISSUE
About Resourceful Automobile
Resourceful Automobile Ltd. was incorporated on February 21, 2018. The company operates as a dealership for 'Yamaha' two-wheelers under the showroom name 'Sawhney Automobile.' It also offers expert guidance to help customers choose the right bike, arrange test rides, and provide financing options to make purchases more accessible.
Object of the Issue
- To carry on expansion of the company by opening of new showrooms in Delhi/ NCR
- Repayment of debt
- To meet incremental working capital requirements
- General corporate purpose and to meet public issue expenses
Resourceful Automobile - PROMOTERS
| Name |
|---|
| Rahul Sawhney |
| Megha Chawla |
| Bindu Sawhney |
Resourceful Automobile Lead Manager of the Issue
Swastika Investmart Limited
merchantbanking@swastika.co.in
Resourceful Automobile Registrar to the issue
Cameo Corporate Services Limited
ipo@cameoindia.com
Resourceful Automobile Strengths
Locational Advantage
The company operates from its registered office in Dwarka, Delhi, a location that is strategically positioned and well-connected by roads. The company serves affluent and high-net-worth individuals in the capital, offering premium bikes and luxury scooters. As a result, the location provides a strategic advantage.
Product Range
The company offers a diverse range of two-wheelers to meet different customer preferences and needs. It also provides expert guidance to help customers choose the right bike and offer accessible financing options to improve the overall purchasing experience.
Resourceful Automobile Risks
Dependent on Yamaha Dealership
A significant portion of the company's revenue comes from its Yamaha dealership. Any negative developments in growth, demand, or sales for these OEMs could impact its business, operations, and financial condition.
Competitive Market
Automobile sales are highly competitive. The firm’s competitors offer the same or similar makes of new and pre-owned vehicles at competitive prices.
IPO FAQs
The promoters of the company are Rahul Sawhney, Megha Chawla and Bindu Sawhney.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 117.0 - 117.0.
The IPO application opens on Aug 22, 2024 and closes on Aug 26, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 140,400.0, the maximum value for this IPO is Rs 140,400.0.
This IPO will be allotted on Aug 27, 2024.
The refund will be credited to your account on Aug 28, 2024.
The allotted shares will be credited to your demat on Aug 28, 2024.
Resourceful Automobile Ltd.’s shares listed on the stock exchanges on Aug 29, 2024.