IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
10,24,800 Equity Shares
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |About Resourceful Automobile Limited
Incorporated in 2018, Resourceful Automobile Limited is involved in the dealership of two-wheeler bikes of Yamaha, operating under the showroom name “Sawhney Automobiles”. Specialising 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.
India has seen rapid expansion in the two-wheeler sector, making it one of the biggest in the world. The demand for two-wheelers in India has increased as a result of urbanisation, a growing middle class, and increased affordability. Two-wheelers are seen as an affordable and practical means of transportation, especially in crowded metropolitan areas.
Resourceful Automobile Limited IPO Details
Resourceful Automobile Limited IPO Dates
Resourceful Automobile Limited IPO is a 100% fresh issue. Resourceful Automobile Limited’s IPO will be listed on the BSE SME. It is a fixed-price issue IPO.
Resourceful Automobile Limited IPO Price Band
The price range of the IPO has not been fixed yet.
Resourceful Automobile Limited IPO Lot Size
The lot size of the IPO has not been fixed yet.
Resourceful Automobile Limited IPO Objectives
The objectives of Resourceful Automobile Limited IPO are listed below:
- Expansion of the company by opening of new showrooms in Delhi/NCR
- Repayment of Debt
- Funding working capital requirements.
- General corporate purposes
Peer Details
As per DRHP, the company has no listed peers having the same line of business.
How To Check the Allotment Status of the Resourceful Automobile Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Resourceful Automobile Limited
Registered office: K-24, Upper Ground, KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi – 110059
Phone: +91 – 97737 84969
E-mail: cs@sawhneyauto.com
IPO Financials
| Particulars | Period Ended on October 31, 2023 (in ₹ lakh) | Year Ending on March 31, 2023 (in ₹ lakh) | Year Ending on March 31, 2022 (in ₹ lakh) | Year Ending on March 31, 2021 (in ₹ lakh) |
|---|---|---|---|---|
| Total Income | 851.47 | 1,938.26 | 1,250.10 | 1,127.26 |
| Profit After Tax (PAT) | 74.79 | 41.50 | 28.73 | 0.16 |
| Assets | 1192.81 | 1000.49 | 1008.58 | 429.46 |
| Net Worth | 238.35 | 163.56 | 74.78 | 46.05 |
| Total Borrowings | 811.82 | 747.77 | 673.73 | 269.81 |
Know before investing
Strengths
2-
The company offers a diverse range of two-wheelers, catering to various customer preferences and needs, with an unwavering commitment to quality service.
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The company is targeting to expand itscustomer base through the strategic establishment of new showrooms.
Risks
2-
The industry in which it operates is highly sensitive to changing economic conditions and various other factors. Any fall in demand for vehicles by individuals or entities may adversely impact its business prospects and results of operations.
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The rising competition among automotive dealerships via online and offline marketing may decrease its profit margins on vehicle sales and related businesses.
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Resourceful Automobile Limited IPO FAQs
Resourceful Automobile Limited IPO is a 100% fresh issue.
The Basis of Allotment date has not been announced yet.
The IPO subscription window has not been decided yet.
The lot size of the IPO has not been announced yet.
Resourceful Automobile Limited IPO will be listed on BSE SME.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
