August 29, 2024
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Resourceful Automobile IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Resourceful Automobile listing Review
Resourceful Automobile IPO allotment Link
What is the latest grey market premium of Resourceful Automobile IPO?
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Subscription status of Resourceful Automobile IPO
Resourceful Auto IPO (Closed)Price Rs. 117 Lot 1200 shares, Rs. 11.99 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 315.61 | 496.22 | 418.82 | 248114 (611.12x) | |
| Amount wise bids recd. Rs. 5021.65 Crore | ||||
| Note: | ||||
What is the business of Resourceful Automobile?
A
I
Get more information about the company @ http://www.sawhneyauto.com/
Resourceful Automobile IPO Details |
|
| IPO opens on | 22 August 2024 |
| IPO closes on | 26 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1024800 Shares / Rs 11.99 Crore |
| * Fresh Issue | 1024800 Shares / Rs 11.99 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 51600 Shares |
| Net offer to Public | 973200 Shares/ Rs.11.39 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.117 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 486600 | 5.69 |
| RII (50%) | 486600 | 5.69 |
| Total Shares | 973200 | 11.39 |
| Retail portion will be oversubscribed by | 406 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.140400 |
| Min HNI Application | 2400 Shares | Rs.280800 |
Who are the Promoters of Resourceful Automobile IPO?
Mr. Rahul Sawhney, Mrs. Megha Chawla, and Mrs. Bindu Sawhney are the company’s promoters
What are the Objects of Resourceful Automobile IPO?
The Offer comprises of only fresh issue of shares.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Carry on the Expansion of the company by opening new showrooms in Delhi/ NCR;
- Repayment of Debt;
- To Meet Incremental Working Capital Requirements; and
- General Corporate Purpose and to meet Public Issue Expenses.
Tentative timetable |
|
| IPO opens on | 22 August 2024 |
| IPO Closes on | 26 August 2024 |
| IPO Allotment on | 27 August 2024 |
| Refund Initiation | 28 August 2024 |
| Credit of Shares | 28 August 2024 |
| Listing on | 29 August 2024 |
| Registered Office of the Company Resourceful Automobile Limited K-24, Upper Ground, KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi 110059 |
| Who is the Lead Manager of this IPO? Swastika Investmart Ltd |
|
Who is the Registrar to IPO? |
Resourceful Automobile IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Resourceful Automobile IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 12.50 | 0.29 | 5.75 | – |
| 2022-23 | 19.38 | 0.41 | 4.27 | – |
| 2023-24 11M | 17.24 | 1.52 | 9.33 | – |
| Book Value of the Share on 31.03.2024 |
Rs | 48.21 | ||
| BV of the Share at cap price after IPO |
Rs. | 54.12 | ||
| Offer Price/upper band | Rs. | 117 | ||
IPO
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|
| Price/EPS of 23-24 | 2.43 |
| Price/BV Ratio | 2.16 |
| Price/BV after IPO | – |
How Resourceful Automobile IPO compares with the Peers?
There are no listed companies in India whose business portfolio is comparable with that of its business and comparable to its scale of operations.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Resourceful Automobile IPO Review
Size: Net size of the IPO is Rs.11.39 crore, comprising of 973200 shares. Huge oversubscription is not ruled out.
Financial Snapshot:
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Resourceful Automobile IPO GMP today allotment, review?
Resourceful Automobile IPO GMP grey market premium
Resourceful Automobile IPO FAQs
What is Resourceful Automobile IPO?
This is a SME IPO of 1024800 equity shares of the face value of Rs. 10 aggregating up to Rs.11.99 Crores. The issue is priced at Rs.117 per share. The minimum order quantity is 1200 Shares.
When will Resourceful Automobile IPO subscription open?
Resourceful Automobile IPO opens on August 22, 2024, and closes on August 26, 2024.
What is the lot size of Resourceful Automobile IPO?
Resourceful Automobile IPO lot size is 1200 Shares, and the minimum amount required is Rs.140400
How to apply for Resourceful Automobile IPO?
You can apply in Broach Lifecare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Resourceful Automobile IPO allotment?
The finalization of Basis of Allotment for Resourceful Automobile IPO will be done on August 27, 2024, and the allotted shares will be credited to your demat account by August 28, 2024.
When is Resourceful Automobile IPO listing date?
Resourceful Automobile IPO listing date is August 29, 2024.
