Resourceful Automobile Limited

Company Name	Resourceful Automobile Limited
Open Date	22-08-2024
Close Date	26-08-2024
Exchange	BSE SME
Lot Size	1200 Shares
Issue Price	₹117 per share
Issue Size	10,24,800 shares
Application Amount	₹1,40,400
Recommendation	Avoid

Resourceful Automobile Limited was originally formed and incorporated on Feb 21, 2018. The registered office is located at Raja Puri, West Delhi. The Company offers a comprehensive range of twowheelers to fulfil a variety of customer wants and needs. The range includes commuter bikes, sports bikes, cruisers, and scooters from renowned manufacturers. They sell Yamaha Two-wheelers under the name “Sawhney Automobile”. The company had 8 permanent employees as of July 31, 2024.

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Financial Summary in Lakhs

KPI’s	FY 22	FY 23	FY 24
Revenue	1,231.71	1,883.92	1,653.86
EBITDA	72.25	93.43	231.78
Net Profit	28.73	41.50	152.24
RoCE	9.97%	9.54%	23.84%
ROE	38.42%	25.37%	48.21%
P/E	20.35	27.40	12.54

Tentative Timeline

Opening Date	22-08-2024
Closing Date	26-08-2024
Basis of Allotment	27-08-2024
Initiation of Refunds	28-08-2024
Credit of Shares to Demat	28-08-2024
Listing Date	29-08-2024

Objects of the Issue

To carry on expansion of the company by opening of new showrooms in Delhi/NCR

Repayment of Debt

To meet incremental working capital requirements

General Corporate Purposes.

Contact Information

Registered Office	Resourceful Automobile Limited K-24, Upper Ground, KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi � 110059
Phone	+91 97737 8496
Email	cs@saiswamimetals.com
Website	http://www.sawhneyauto.com/

Offer Documents

Resourceful Automobile IPO DRHP

Resourceful Automobile IPO RHP

Registrar Details

Name	Cameo Corporate Services Limited
Phone	+91-44-28460390
Email	ipo@cameoindia.com
Website	https://ipo.cameoindia.com/

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	51,600 (5.04%)
Other Shares Offered	486,600 (47.48%)
Retail Shares Offered	486,600 (47.48%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	100.00%
Share Holding Post Issue (Promoters)	61.41%