Resourceful Automobile Limited 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.
Resourceful Automobile IPO – Details
| IPO Opening Date | 22 August 2024 |
| IPO Closing Date | 26 August 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 10,24,800 Shares Worth ₹11.99 Crore Fresh Issue: 10,24,800 Shares Worth ₹11.99 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹117 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Resourceful Automobile IPO – Date Schedule
| IPO Open Date | 22 August 2024 |
| IPO Close Date | 26 August 2024 |
| Basis of Allotment | 27 August 2024 |
| Initiation of Refund | 28 August 2024 |
| Credit of Shares to Demat Account | 28 August 2024 |
| IPO Listing Date | 29 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 26, 2024 |
Resourceful Automobile IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,40,400 |
| Retail (Max) | 1 | 1200 | ₹1,40,400 |
| HNI (Min) | 2 | 2400 | ₹2,80,800 |
Competitive Strengths
- Experienced Promoter and Management Team;
- Product Range and Quality Service;
- Locational Advantage;
- Brand Partnerships; and
- Online Presence.
Company Promoters
- Mr. Rahul Sawhney
- Mrs. Megha Chawla
- Mrs. Bindu Sawhney
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 11.27 | 11.26 | 0.0016 | 2.69 |
| 31 March 2022 | 12.50 | 12.11 | 0.28 | 6.73 |
| 31 March 2023 | 19.38 | 18.78 | 0.41 | 7.47 |
| 29 February 2024 | 17.23 | 15.18 | 1.52 | 9.92 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 0.48 |
| ROCE | 31.22 |
| RoNW | 0.48 |
| P/BV | 0 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.54 | 6.25 |
| P/E (x) | 45.99 | 18.71 |
Object 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 IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 61.41% |
Resourceful Automobile IPO Prospectus
Company Contact Information
| Resourceful Automobile Limited K-24, Upper Ground, KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi – 110059 Phone: +91 97737 8496 Email: cs@saiswamimetals.com Website: http://www.sawhneyauto.com/ |
Resourceful Automobile IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Resourceful Automobile IPO Lead Manager(s)
| 1. Swastika Investmart Ltd |
Resourceful Automobile IPO FAQs
| What is Resourceful Automobile IPO? Resourceful Automobile IPO is a SME IPO. The issue is priced at ₹117 per equity share. The IPO is to be listed on BSE SME. |
| When Resourceful Automobile IPO will open? The IPO is to open on 22 August 2024 for QIB, NII, and Retail Investors. |
| What is Resourceful Automobile IPO Investors Portion? The investors’ portion for Retail – 50%, Other – 50%. |
| How to Apply the Resourceful Automobile IPO? You can apply Resourceful Automobile IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Resourceful Automobile IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Resourceful Automobile IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Resourceful Automobile IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Resourceful Automobile IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Resourceful Automobile IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Resourceful Automobile IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Resourceful Automobile IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Resourceful Automobile IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Resourceful Automobile IPO Size? Resourceful Automobile IPO size is ₹11.99 Crore. |
| What is Resourceful Automobile IPO Price Band? Resourceful Automobile IPO Price Band is ₹117. |
| What is Resourceful Automobile IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,40,400 amount while the maximum bid is 1200 Shares with ₹1,40,400. |
| What is the Resourceful Automobile IPO Allotment Date? Resourceful Automobile IPO allotment date is 27 August 2024. |
| What is the Resourceful Automobile IPO Listing Date? Resourceful Automobile IPO listing date is 29 August 2024. The IPO is to be listed on BSE SME. |
