Resourceful Automobile Ltd IPO

The Company is engaged in the business as per Memorandum of Association of the company of buying, selling, dealing in, automobiles, motorcars, lorries, buses, vans, motorcycles, cycle-cars, motor, scooters, carriages, amphibious vehicles, and vehicles suitable for propulsion on land, sea or in the air or in any combination thereof and vehicles of all descriptions, whether propelled or assisted by means of petrol, diesel, spirit, steam, gas, electrical, animal, or other power, and of internal combustion and other engines, chassis-bodies and other components, parts and accessories and all machinery, implements, utensils, appliances, apparatus, lubricants, solutions enamels and all things capable of being used for, in, or in connection with maintenance, and working of motors.

Open Demat Account

50years

Resourceful Automobile Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 10.25 LTBA₹ 4.98 L₹ 16.31 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
22 Aug, 2426 Aug, 241200 TBA Fixed Price - SME29 Aug, 24

Resourceful Automobile Ltd IPO Dates

  • 22 Aug 2024

    Opening date

  • 26 Aug 2024

    Closing date

  • 27 Aug 2024

    Basis of
    Allotment

  • 28 Aug 2024

    Initiation of
    Refunds

  • 28 Aug 2024

    Credit of
    Shares

  • 29 Aug 2024

    Listing date

Details

SectorType
SectorTrading
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x012556800
NII323.29x475200153628800
Retail484.87x498000241462800
Employee0x00
Total397.78x1024800407648400

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Resourceful Automobile Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations2.700.740.51
EBITDA2.800.880.64
PAT1.950.420.29
Total Assets17.199.659.68
Share Capital1.630.970.50
Total Borrowings20.3911.4210.54
Operating Activities (Net Cash)2.050.560.42
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)20.3911.4210.54
Net Cashflow0.250.210.07

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Resourceful Automobile Ltd

Resourceful Automobile Limited was originally incorporated as Resourceful Automobile Private Limited on February 21st, 2018 under the provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Registrar of Companies, Delhi & Haryana. Later on, company was converted into public limited company, the name of the Company was changed to Resourceful Automobile Limited and fresh Certificate of Incorporation dated October 25th, 2023 was issued by the Registrar of Companies Delhi & Haryana.

The two-wheeler market in India has expanded significantly, and it now plays a crucial role in the nation's transportation infrastructure. India has seen rapid expansion in the two-wheeler sector, making it one of the biggest in the world. Due to their cost, convenience, and efficiency in crowded metropolitan areas, two-wheelers, particularly motorcycles and scooters, are quite popular. The Indian two-wheeler industry has witnessed a steady increase in and production over the years contributing to this growth include rising disposable incomes, expanding middle-class, improving infrastructure, and increasing urbanization Additionally, the easy availability of financing options has made two-wheelers more accessible to a broader consumer base. In order to meet the diverse demands and tastes of its customers, major local and foreign businesses compete in the Indian two-wheeler industry by offering a variety of models. Intense rivalry on the market drives ongoing product innovation, technical improvements, and aggressive marketing tactics.

The Company is engaged in the business as per Memorandum of Association of the company of buying, selling, dealing in, automobiles, motorcars, lorries, buses, vans, motorcycles, cycle-cars, motor, scooters, carriages, amphibious vehicles, and vehicles suitable for propulsion on land, sea or in the air or in any combination thereof and vehicles of all descriptions, whether propelled or assisted by means of petrol, diesel, spirit, steam, gas, electrical, animal, or other power, and of internal combustion and other engines, chassis-bodies and other components, parts and accessories and all machinery, implements, utensils, appliances, apparatus, lubricants, solutions enamels and all things capable of being used for, in, or in connection with maintenance, and working of motors.

Peer Comparison:

  • No Listed Industry Peers

Resourceful Automobile Ltd IPO Key Points

Strengths

  • Experienced Promoter and Management Team.
  • Product Range and Quality Service.
  • Locational Advantage.
  • Brand Partnerships.
  • Online Presence.

Risk

  • The company has transferred all outstanding loans from Hero Fincorp Limited, NBFC to Deutsche Bank AG w.e.f. 05th February, 2024. There has been a change of Borrower in Objects of the Issue after filing of the Draft Prospectus by the company with the exchange. A significant deviation in the Object could adversely impact the operations and sustainability in absence of any independent monitoring agency.
  • A large portion of its business revenue is derived from the company dealership of Yamaha (Commercial). Any adverse developments in the growth, demand or sales for these OEMs could have an adverse effect on its business, results of operations and financial condition.
  • The automotive industry is sensitive to changing economic conditions and various other factors. Any decline in demand for vehicles by individuals or entities may adversely impact its business prospects and results of operations.

Strategy

  • Enhance customer base by opening New Showrooms.
  • Strengthen Brand Value.
  • Expanding its product range to add more value-added products.
  • Experienced Promoter and Management Team.
  • Product Range and Quality Service.
  • Locational Advantage.
  • Brand Partnerships.
  • Online Presence.

How To Apply for Resourceful Automobile Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Resourceful Automobile Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 22, 2024 and ends on Aug 26, 2024.

The price of Resourceful Automobile Ltd IPO ranges between NA to NA per share.

The Resourceful Automobile Ltd IPO opens on Aug 22, 2024 and closes on Aug 26, 2024.

The allotment for the Resourceful Automobile Ltd IPO will be finalised on Aug 27, 2024. The shares will be listed on BSE and NSE on Aug 29, 2024.

The minimum lot size for Resourceful Automobile Ltd IPO is 1200 shares, priced between NA to NA per share.

The GMP (Grey Market Premium) of Resourceful Automobile Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Resourceful Automobile Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Resourceful Automobile Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 22, 2024, and closes on Aug 26, 2024. The allotment is finalised on Aug 27, 2024.

To apply for the Resourceful Automobile Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.