RESOURCEFUL AUTOMOBILE LIMITED

22 Aug 2024 - 26 Aug 2024 Individual Category SME BSE

Min Investment

₹140400

Price Band

₹117

Issue Size

10.25 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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22 Aug 2024

Open Date

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26 Aug 2024

Close Date

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27 Aug 2024

Allotment Date

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29 Aug 2024

Listing Date

Resourceful Automobile IPO is open for subscription starting Thursday, August 22, 2024, and closing on Monday, August 26, 2024. This upcoming IPO's price is Rs 117 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares.  The minimum investment required for retail category investors is Rs 1,14,400 (117 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,800 (117 x 2400 shares).  Resourceful Automobile IPO is a fixed price issue of Rs 11.99 crores. This upcoming IPO’s is a fresh issue of Rs 10.25 lakh equity shares.The allotment for this new IPO is expected to be finalised on Tuesday, August 27, 2024. Resourceful Automobile IPO will be listed on NSE SME on Thursday, August 29, 2024.  Swastika Investmart Limited is the book-running lead manager, Cameo Corporate Services Limited is the registrar, and Nikunj Stock Brokers is the market maker for this IPO.

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About Resourceful Automobile Limited

Resourceful Automobile Limited was founded in 2018, engaged in the business of selling Yamaha two wheelers under the name of  Sawhney Automobile. The company offers a comprehensive range of two-wheelers to fulfil a variety of customer wants and needs. The range includes commuter bikes, sports bikes, cruisers, and scooters from renowned manufacturers. Resourceful Automobile 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.

Founded

2018

Managing Director

Rahul Sawhney, Megha Chawla, and Bindu Sawhney

Parent Organization

IPO Objectives

The net funds will be allocated for opening new showrooms in Delhi, NCR. The remaining will be used for the repayment of certain debt, to meet the day-to-day capital requirements and fulfilling the general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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