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Open
22 Aug 2024
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Close
26 Aug 2024
3
Allotment
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Listing
Thu, Aug 29, 2024
Price Band
₹117 per share
Issue Size
10,24,800 shares (agg. up to ₹12 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Aug 29, 2024
Latest GMP
₹105
Est. Gain
89.74%
✦ AI Insight
GMP Trend
29-08-2024₹105Est. ₹222+89.74%
28-08-2024₹105Est. ₹222+89.74%
27-08-2024₹105Est. ₹222+89.74%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 417.13x |
Restated Financials (₹ Cr.)
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 14.51 | 10.00 | 10.09 | 4.29 |
| Total Income | 17.24 | 19.38 | 12.50 | 11.27 |
| Profit After Tax | 1.52 | 0.42 | 0.29 | 0.00 |
| NET Worth | 3.16 | 1.64 | 0.75 | 0.46 |
| Reserves and Surplus | 1.53 | 0.66 | 0.25 | -0.04 |
| Total Borrowing | 9.92 | 7.48 | 6.74 | 2.70 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Popular Vehicles & Services Ltd. | Mainboard | ₹601.55 Cr | ₹295 | 28.88 | ₹276.15 | -6.39% | ₹97.11 (-1.77%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Carry on Expansion of the company by opening of new showrooms in Delhi/ NCR; | 2.16 |
| 2 | Repayment of Debt | 4.56 |
| 3 | To Meet Incremental Working Capital Requirements | 3.36 |
| 4 | General Corporate Purpose | 1.26 |
About Resourceful Automobile IPO
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. As of July 31, 2024, the company has a total of 8 permanent employees.+ Read More
Contact Details
Resourceful Automobile Ltd. AddressK-24, Upper GroundKH No.107/10 Main RoadRaja puriNew Delhi, New Delhi, 110059+91 9773784969cs@saiswamimetals.comVisit Website