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Resourceful Automobile Limited IPO

Resourceful Automobile Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Lot Size:
Subscription:
Listed Price: ₹ 117.00 (+0.00%)

Having completed its public offering, Resourceful Automobile Limited's is now listed and trading on the BSE exchange as of 29-08-2024. The IPO raised cumulative capital of 10,24,800 Shares, including 10,24,800 Shares in primary capital infusion.

The IPO was conducted with a price range of ₹117 to ₹117 and minimum investment requirement of 1200 shares. subscription activity between 22-08-2024 and 26-08-2024 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 27-08-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Resourceful Automobile IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Resourceful Automobile IPO Key Performance Indicator
Company Financials ( In Lakhs )

Resourceful Automobile IPO About Company

Sawhney Automobile, a brand under Resourceful Automobile Limited, has been specializing in Yamaha two-wheelers since 2018. The company offers a diverse range of bikes and scooters, including commuter bikes, sports models, cruisers, and scooters, catering to various customer preferences. It operates two modern showrooms in New Delhi—the Blue Square showroom in Dwarka, which showcases Yamaha’s full range of two-wheelers, apparel, and accessories, and the Palam Road showroom, known for its extensive collection of the latest Yamaha models and unique motorcycles. With a dedicated team of 8 permanent employees as of July 31, 2024, Sawhney Automobile is committed to providing top-quality service and an exceptional customer experience. As the company grows, investors are keenly watching for updates on a potential Sawhney Automobile IPO, including details on its IPO GMP (Grey Market Premium)and expected listing performance, making it an exciting prospect in the automobile sector.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Resourceful Automobile IPO Strength Factors

  1. Skilled Team: Experienced leaders and managers drive smart strategies and smooth execution.
  2. Top-Quality Products: A diverse range of high-quality offerings meets different customer needs.
  3. Great Location: A well-placed location enhances convenience and improves efficiency.



Resourceful Automobile IPO Risk Factors

  1. Loan Transfer Effects: Shifting loans to Deutsche Bank AG and altering the purpose of funds could impact operations and stability if not carefully managed.
  2. Reliance on Yamaha: Since a large part of the business depends on Yamaha dealerships, any downturn in Yamaha’s market could directly affect revenue and financial health.
  3. Economic Influence: Changes in the economy and vehicle demand can impact business growth and overall performance.



Resourceful Automobile IPO Lead Manager(s)

  • Swastika Investmart Limited

Resourceful Automobile IPO Promoter(s)

  1. Mr. Rahul Sawhney
  2. Mrs. Megha Chawla
  3. Mrs. Bindu Sawhney

Resourceful Automobile IPO Company Details

Resourceful Automobile Limited
Phone:
address:

Resourceful Automobile IPO Registrar

Cameo Corporate Services Limited
Name:
Phone:

Resourceful Automobile IPO FAQs