Resourceful Automobile Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 22, 2024 to August 26, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 117 per share |
| Lot Size | ₹ 117 per share |
| Total Issue Size | 10,24,800 shares (aggregating up to ₹ 11.99 Cr) |
| Fresh Issue | 10,24,800 shares (aggregating up to ₹ 11.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 16,31,145 |
| Shareholding post issue | 16,31,145 |
| Market Maker portion | ₹ 51,600 shares Nikunj Stock Broke |
About Resourceful Automobile Limited IPO And Its GMP
Resourceful Automobile Limited is actively involved in the dealership of the two-wheeler bike Yamaha, operating under the showroom name “Sawhney Automobiles”. Specializing in the sales and servicing of motorcycles and scooters, with quality products and exceptional customer service, making it a trusted destination for motorcycle enthusiasts. Sawhney Automobile caters to a diverse range of customer preferences and needs by offering a comprehensive selection of two-wheelers.
The inventory encompasses commuter bikes, sport bikes, cruisers and scooters sourced from reputable manufacturers. As an authorized Yamaha dealership, they guarantee customers access to the latest models and authentic spare parts. Their dealership goes beyond sales, providing expert guidance to assist customers in selecting the right bike, arranging test rides and offering financing options for enhanced accessibility. They take pride in their advanced service center, where skilled technicians handle routine maintenance and repairs and ensure the availability of genuine spare parts to uphold the longevity and performance of the bikes we sell.
•Book Running Lead Manager: Swastika Investmart Ltd
•Registrar: Cameo Corporate Services Limited
•Market Maker: Nikunj Stock Brokers
Resourceful Automobile IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Company & Financials
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.
Objectives of Resourceful Automobile IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- •To Carry on the Expansion of the company by opening 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 IPO Review
The company is operating in a highly competitive and fragmented segment of two-wheeler dealerships. It posted inconsistency in its financial performances for the reported periods. Based on FY24 annualized super earnings, the issue appears aggressively priced. A small equity base post-IPO indicates longer gestation for migration. There is no harm in skipping this “High Risk/Low Return” pricey bet.
Resourceful Automobile Limited IPO And Its GMP Financial Information
Latest Revenue
₹ 1,451.41 Cr
Profit After Tax
₹ 152.24 Cr
Net Worth
₹ 315.78 Cr
Total Borrowing
₹ 992.34 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 29 Feb 2024 | 1,451.41 | 1,451.41 | 152.24 | 315.78 | 992.34 |
| 31 Mar 2023 | 1,000.49 | 1,938.26 | 41.5 | 163.56 | 747.77 |
| 31 Mar 2022 | 31 Mar 2022 | 1,250.1 | 28.73 | 74.78 | 24.78 |
| 31 Mar 2021 | 429.46 | 1,127.26 | 0.16 | 46.05 | 269.81 |
| Amount in ₹ Crore | |||||
IPO Estimated Listing Return
Based on the IPO Price of ₹117 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹105 and a lot size of 1200 shares.
Resourceful Automobile Limited IPO And Its GMP IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-28 | ₹117 | ₹105.0 (90%) | 2024-08-28 |
Resourceful Automobile Limited IPO And Its GMP 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 |
Frequently Asked Questions
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Competitive Strengths
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Resourceful Automobile Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Thursday, August 22, 2024 |
| IPO Close Date | Monday, August 26, 2024 |
| Basis of Allotment | Tuesday, August 27, 2024 |
| Initiation of Refunds | Wednesday, August 28, 2024 |
| Credit of Shares to Demat | Wednesday, August 28, 2024 |
| Listing Date | Thursday, August 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 26, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹ 1,40,400 |
| Retail (Max) | 1 | 1,200 | ₹ 1,40,400 |
| HNI (Min) | 2 | 2,400 | ₹ 2,80,800 |