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Resourceful Automobile IPO
Price Band
₹
Issue Size
₹11.99 Cr
Lot Size
1,200 shares
Min Investment
₹140,400
GMP
+₹105.0 (89.74%)
Issue Price
₹117.0
Subject to Sauda
₹95800
Paid only if allotted
Resourceful Automobile IPO AI Summary
- Resourceful Automobile IPO is listed on BSE SME in the Auto-Dealer sector.
- Subscription window: 22 Aug–26 Aug 2024, listing on 29 Aug 2024.
- Current GMP is +₹105.0 (89.74%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Resourceful Automobile IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Resourceful Automobile IPO Grey Market Premium (GMP) Today
GMP
+₹105.0
GMP %
+89.74%
Est. Listing
₹222.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-02-29
| 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 |
Key Ratios
EPS
₹2.54
NAV
₹16.81
ROE
0.48%
ROCE
31.22%
RoNW
0.48%
P/B Value
0.00
P/E Ratio
45.99
Market Cap
₹31.07 Cr
PAT Margin
266.84%
Promoters
Rahul Sawhney, Megha Chawla and Bindu Sawhney
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹12.50 Cr in the year ending 31 Mar 2022, rising to ₹19.38 Cr by 31 Mar 2023, but then decreasing to ₹17.24 Cr by 29 Feb 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.29 Cr in the year ending 31 Mar 2022, increasing to ₹0.42 Cr by 31 Mar 2023, and then rising significantly to ₹1.52 Cr by 29 Feb 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often look at GMP as an indicator of potential listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their own financial goals and risk tolerance. It's important to consider the company's growth potential and market position before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, as it operates in a competitive sector and is relatively new in the market.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors including market conditions, investor sentiment, and the company's performance. While some IPOs may see significant gains on their listing day, others may not perform as well, and investors should be prepared for the possibility of losses.
This evaluation is generated from Resourceful Automobile's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Resourceful Automobile IPO GMP today?
Resourceful Automobile IPO GMP today is +₹105.0 (89.74%). GMP is an unofficial grey-market indicator and can change daily.
When does Resourceful Automobile IPO open and close?
Resourceful Automobile IPO opens on 22 August 2024 and closes on 26 August 2024.
When does Resourceful Automobile IPO list on the stock exchange?
Resourceful Automobile IPO listed on 29 August 2024 at ₹222.0.
What is the lot size for Resourceful Automobile IPO?
The lot size for Resourceful Automobile IPO is 1200 shares, requiring a minimum investment of ₹140,400.
What is the issue price of the IPO?
The issue price of the IPO is ₹117.0.
What is the minimum investment required?
The minimum investment required is ₹140,400, which corresponds to a lot size of 1200 shares.
What is the listing date for the IPO?
The listing date for the IPO is August 29, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which the shares will list compared to the issue price.
What are the subscription dates for the IPO?
The IPO will open on August 22, 2024, and close on August 26, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Aug 2024
Close
26 Aug 2024
Allotment
27 Aug 2024
Listing
29 Aug 2024
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