Resourceful Automobile Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

22 Aug 2024

Close Date

26 Aug 2024

Allotment

27 Aug 2024

Listing Date

29 Aug 2024

Exchange

BSE SME

Price Band

₹117

Listing Price

See chart

Allotment Status

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Price Band

₹117

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

10,24,800 shares (aggregating up to ₹11.99 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹140,400

1 lot

Pre-IPO Holding

16,31,145 shares

Promoters

Post-IPO Holding

26,55,945 shares

Promoters

P/E (Pre)

45.99x

P/E (Post)

18.71x

EPS (Pre)

₹2.54

EPS (Post)

₹6.25

UPI Deadline

2024-08-26

Mandate

Anchor AllotmentWed, 21 Aug 2024

Basis of AllotmentTue, 27 Aug 2024

Refund InitiationWed, 28 Aug 2024

Demat CreditWed, 28 Aug 2024

Listing DayThu, 29 Aug 2024

UPI Mandate Deadline2024-08-26

Sale TypeFresh Capital

Net Offer to Public9,73,200 shares (aggregating up to ₹11.39 Cr)

Market Maker Quota51,600 shares (aggregating up to ₹0.6037 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Resourceful Automobile Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 26 Aug 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	51,600	—	₹0.60
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,024,800	100%	₹11.99

IPO Shares Offered

Resourceful Automobile Ltd. IPO total issue size: ₹11.99 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	51,600	₹0.60	5.04%
Total	1,024,800	₹11.99	100.00%

* Based on upper price band ₹117 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹117.00

Upper Band

Min Investment

₹140,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹280,800
Retail (Max — 13 Lots)	13	15,600	₹1,825,200
S-HNI (Min — 14 Lots)	14	16,800	₹1,965,600
B-HNI (Min — 68 Lots)	68	81,600	₹9,547,200

* Issue Price ₹117 × Lot Size 1,200 shares

IPO Schedule

Anchor

21 Aug 2024

✓ Done

IPO Open

22 Aug 2024

✓ Done

IPO Close

26 Aug 2024

✓ Done

Allotment

27 Aug 2024

✓ Done

Refunds

28 Aug 2024

✓ Done

Demat Credit

28 Aug 2024

✓ Done

Listing Day

29 Aug 2024

✓ Done

₹117.00

INR · BSE

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Issue ₹117.00 Live Price

About Resourceful Automobile Ltd.

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.

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.

Resourceful Automobile Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,250.1

31 Mar 2022

₹1,938.3

31 Mar 2023

₹1,723.6

29 Feb 2024

Profit After Tax (PAT)

₹1,250.1

31 Mar 2022

₹1,250.1

31 Mar 2023

₹1,250.1

29 Feb 2024

Particulars	29 Feb 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	1723.64	1938.26	1250.10
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1250.10	1250.10	1250.10
Net Worth	1250.10	163.56	163.56
Total Assets	1451.41	1000.49	1000.49
Reserves & Surplus	152670.01	66.27	24.78
Borrowings	992.34	747.77	673.73
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

0.00

RoE

0.48

RoCE

31.22

RoNW

0.48

Issue Structure & Shareholding

Total Shares Offered10,24,800 (100.00%)

Net Offer to Public9,73,200 shares (aggregating up to ₹11.39 Cr)

Reserved for Market Maker51,600 shares (aggregating up to ₹0.6037 Cr)

Pre-Issue Promoter Holding16,31,145 shares

Post-Issue Promoter Holding26,55,945 shares

P/BV Ratio0.00

RoE0.48

RoCE31.22

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd

+91-44-28460390

ipo@cameoindia.com

ihttps://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Swastika Investmart Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Resourceful Automobile Ltd. IPO subscribed? ▲

Resourceful Automobile Ltd. IPO is subscribed 1.00 times by Aug 26, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Resourceful Automobile Ltd. IPO retail subscription status? ▼

The Resourceful Automobile Ltd. IPO retail category is subscribed 1.00 times as of 26 Aug 2024. The retail portion is oversubscribed.

How to subscribe Resourceful Automobile Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 22 Aug 2024 and closes 26 Aug 2024. Min investment: ₹140,400 (1 lot = 1,200 shares). UPI mandate: 2024-08-26.

How many times Resourceful Automobile Ltd. IPO subscribed? ▼

The Resourceful Automobile Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Resourceful Automobile Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd) at ihttps://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 27 Aug 2024. Refunds: on 28 Aug 2024.

When Resourceful Automobile Ltd. IPO will be listed? ▼

The Resourceful Automobile Ltd. IPO listing date is 29 Aug 2024, Thursday. Listed on: BSE SME. Issue price: ₹117. Estimated listing: ₹117. GMP: NIL.

When Resourceful Automobile Ltd. IPO close? ▼

The Resourceful Automobile Ltd. IPO closes on 26 Aug 2024, Monday. UPI mandate: 2024-08-26. Allotment: 27 Aug 2024. Listing: 29 Aug 2024.

Quick Actions

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Live Price LIVE

Last Price₹117.00

Change—

Issue Price₹117.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹117

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹140,400

GMPNIL

Est. Listing₹117

Subscribed1.00x

Open Date22 Aug 2024

Close Date26 Aug 2024

Allotment27 Aug 2024

Listing Date29 Aug 2024

ExchangeBSE SME

UPI Deadline2024-08-26