Resourceful Automobile Ltd IPO
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Resourceful Automobile Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 10.25 L | TBA | ₹ 4.98 L | ₹ 16.31 L | BSE | TBA |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
22 Aug, 24 | 26 Aug, 24 | 1200 | TBA | Fixed Price - SME | 29 Aug, 24 |
Resourceful Automobile Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Trading |
Sub Sector | NA |
Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 12556800 |
NII | 323.29x | 475200 | 153628800 |
Retail | 484.87x | 498000 | 241462800 |
Employee | 0x | 0 | 0 |
Total | 397.78x | 1024800 | 407648400 |
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) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 0.74 | 0.51 | 0.21 |
EBITDA | 0.88 | 0.64 | 0.42 |
PAT | 0.42 | 0.29 | 0.00 |
Total Assets | 9.65 | 9.68 | 3.86 |
Share Capital | 0.97 | 0.50 | 0.50 |
Total Borrowings | 11.42 | 10.54 | 4.04 |
Operating Activities (Net Cash) | 0.56 | 0.42 | 0.21 |
Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
Financing Activities (Net Cash) | 11.42 | 10.54 | 4.04 |
Net Cashflow | 0.21 | 0.07 | 0.70 |
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.