Resourceful Automobile IPO
#1. Quick Intro to Resourceful Automobile IPO
The initial public offering (IPO) of Resourceful Automobile will open for subscription on August 22 and close on August 26, comprising fresh issues of Rs.11.99 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on August 29, 2024.
Resourceful Automobile Limited (2023) is engaged in the business of buying, selling, and dealing in, automobiles, motorcars, lorries, buses, vans, motorcycles, cycle-cars, motor, scooters, carriages, amphibious vehicles, and vehicles suitable for propulsion on land, sea or in the air or in any combination thereof and vehicles of all descriptions, whether propelled or assisted employing petrol, diesel, spirit, steam, gas, electrical, animal, or other power, and of internal combustion and other engines, chassis-bodies and other components, parts and accessories and all machinery, implements, utensils, appliances, apparatus, lubricants, solutions enamels and all things capable of being used for, in, or in connection with the maintenance, and working of motors.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Resourceful Automobile
The company intends to use the IPO Funds for the following purposes:
- Funding for the expansion of the company by opening new showrooms in Delhi/NCR
- Funding to meet the working capital requirement of the company
- Repayment of debts
- General corporate purposes and issue expenses.
#3. Resourceful Automobile Core Strengths
- Location Advantage
- Product range and quality assurance
- Brand Partnership
- Experienced promoters and management team
#4. Resourceful Automobile IPO Review & Rating
| Issue Size | Rs.11.99 crore |
| Issue Price | Rs.117 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (Latest) | Rs.152.24 Lakhs |
| ROE (%) | 0.48 |
| RONW (%) | 31.22 |
| Listing on | NSE (SME) |
| IPO Deliver Rating | One |
#5. Resourceful Automobile IPO Dates, Price Band & Details
Resourceful Automobile IPO will open on August 22, 2024, and close on August 26, 2024. The IPO is to be listed on August 29, 2024.
| Type of issue | Fixed Issue IPO |
| Issue Size | Rs.11.99 crore |
| Price Brand | Rs.117 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | August 22, 2024 |
| IPO Close Date | August 26, 2024 |
| IPO Allotment Date | August 27, 2024 |
| Refund Date | August 28, 2024 |
| Share Credit Date | August 28, 2024 |
| Listing Date | August 29, 2024 |
#6. Resourceful Automobile IPO Offer Details
Resourceful Automobile IPO’s total issue size is 10,24,800 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 10,24,800 | Rs.11.99 |
| Offer for Sale (OFS) | – | – |
#7. Resourceful Automobile Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Feb 2024 | March 2023 | March 2022 |
| Total Revenue | 1653.86 | 1883.92 | 1231.71 |
| Net Worth | 315.78 | 163.56 | 74.78 |
| Profit | 152.24 | 41.50 | 28.73 |
| Total Borrowings | 992.34 | 747.77 | 673.73 |
#8. Resourceful Automobile Quantitative Factors
The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022.
| Category | Feb 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 9.33 | 4.27 | 5.75 |
| RoNW (%) | 48.21 | 25.37 | 38.42 |
| NAV (Rs.) | 19.36 | 16.81 | – |
#9. Resourceful Automobile Comparison with Other Peer Companies (Top 2)
No Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(In Lakhs) |
RoNW (%) | NAV |
| – | – | – | – |
| – | – | – | – |
Click here for the previous SME IPOs
#10. Resourceful Automobile Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Rahul Sawhney |
| 02. | Bindu Sawhney |
| 03. | Megha Chawla |
#11. Resourceful Automobile Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 61.41 |
#12. Resourceful Automobile IPO Reservation Details
Resourceful Automobile IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 50% of the Net Offer |
| NII Shares Offered | – |
#13. Resourceful Automobile IPO – Lot Size
An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1200 | 1,40,400 |
| Retail (Max.) | 1 | 1200 | 1,40,400 |
| HNI (Min.) | 2 | 2400 | 2,80,800 |
#14. Resourceful Automobile IPO – Prospectus Copy
An investor can download/view the Resourceful Automobile prospectus copy, which the company filed to exchange, details are as follows.
| Resourceful Automobile IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Resourceful Automobile IPO Registrar
Cameo Corporate Services Limited
Website: www.cameoindia.com
#16. Resourceful Automobile IPO Lead Managers
Swastika Investmart Limited
Website: www.swartika.co.in
#17. Resourceful Automobile IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Resourceful Automobile IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Resourceful Automobile Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Resourceful Automobile Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Resourceful Automobile Company Details
Resourceful Automobile Limited
Registered Office: K-24, Upper Ground, KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi – 110059
Email: cs@sawheyauto.com
Website: www.sawheyauto.com
#19. Resourceful Automobile Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Resourceful Automobile Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Rahul Sawhney |
| 02. | Bindu Sawhney |
Resourceful Automobile IPO – Frequently Asked Questions (FAQs)
| #1. What is a Resourceful Automobile IPO?
Resourceful Automobile brings its IPO of Rs.11.99 crore, on August 22, 2024, with a price band of Rs.117 per share. |
| #2. What is the Resourceful Automobile IPO Open date?
Resourceful Automobile IPO’s opening date is August 22, 2024. |
| #3. What is the Resourceful Automobile IPO Close Date?
Resourceful Automobile IPO’s closing date is August 26, 2024. |
| #4. What is the Resourceful Automobile IPO Listing date?
Resourceful Automobile IPO listing date is August 29, 2024. |
| #5. What is the Resourceful Automobile IPO Minimum investment amount?
Resourceful Automobile IPO’s minimum investment amount is Rs.1,40,400 |
| #6. What is the Resourceful Automobile IPO offer issue Size?
Resourceful Automobile offers an issue size of Rs.11.99 crore. |
| #7. What is the Resourceful Automobile IPO Price Band?
Resourceful Automobile’s IPO price band is Rs.117 per share. |
| #8. Is Resourceful Automobile IPO mainboard IPO or SME IPO?
Resourceful Automobile IPO is an SME IPO. |
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