This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
To carry on expansion of the company by opening of new showrooms in Delhi/ NCR
Repayment of debt
To meet incremental working capital requirements
General corporate purpose and to meet public issue expenses
Strengths & Weaknesses of Resourceful Automobile Limited
Locational Advantage
The company operates from its registered office in Dwarka, Delhi, a location that is strategically positioned and well-connected by roads. The company serves affluent and high-net-worth individuals in the capital, offering premium bikes and luxury scooters. As a result, the location provides a strategic advantage.
Product Range
The company offers a diverse range of two-wheelers to meet different customer preferences and needs. It also provides expert guidance to help customers choose the right bike and offer accessible financing options to improve the overall purchasing experience.
Dependent on Yamaha Dealership
A significant portion of the company's revenue comes from its Yamaha dealership. Any negative developments in growth, demand, or sales for these OEMs could impact its business, operations, and financial condition.
Competitive Market
Automobile sales are highly competitive. The firm’s competitors offer the same or similar makes of new and pre-owned vehicles at competitive prices.
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
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Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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Cash Flow
The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Resourceful Automobile Limited
Resourceful Automobile Ltd. was incorporated on February 21, 2018. The company operates as a dealership for 'Yamaha' two-wheelers under the showroom name 'Sawhney Automobile.' It also offers expert guidance to help customers choose the right bike, arrange test rides, and provide financing options to make purchases more accessible.
Promoter
Rahul Sawhney
Promoter
Megha Chawla
Promoter
Bindu Sawhney
Resourceful Automobile Limited IPO FAQs
What is Resourceful Automobile Limited IPO?
Resourceful Automobile Limited IPO refers to the initial public offering of shares by Resourceful Automobile Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of Resourceful Automobile Limited IPO?
For Resourceful Automobile Limited IPO the issue size is ₹12 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the Resourceful Automobile Limited IPO?
For Resourceful Automobile Limited IPO the minimum investment is ₹1,40,400. The minimum investment for Resourceful Automobile Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of Resourceful Automobile Limited IPO?
For Resourceful Automobile Limited IPO the lot size is 1200 shares. The lot size of Resourceful Automobile Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for Resourceful Automobile Limited IPO on Share.Market?
To apply for Resourceful Automobile Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Resourceful Automobile Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for Resourceful Automobile Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Resourceful Automobile Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of Resourceful Automobile Limited IPO?
For Resourceful Automobile Limited IPO the allotment date is August 27, 2024. The allotment date of Resourceful Automobile Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of Resourceful Automobile Limited IPO?
For Resourceful Automobile Limited IPO, the subscription opens on August 22, 2024 and closes on August 26, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
