Resourceful Automobile IPO: This company is also known as Sawhney Automobile. Issue start for bidding on 22 August 2024, Thursday, close date 26 August 2024, Monday and the company officially listed Indian stock exchange BSE SME on Thursday, August 29, 2024. This issue is a fresh issue, total issue size is 10,24,800 Equity Shares Valued at ₹11.99 Crores. The company fixed one share price is ₹117 per equity share, with one share face value of Rs 10. One lot size is 1,200 equity shares. To apply this IPO retail investor minimum investment required 1 Lot 1,200 Shares ₹140,400.
Resourceful automobile IPO GMP today running on the grey market Rs 20 company fixed one share price is Rs 117 which means share trade on the grey market is 17% premium than the issue price. For the latest GMP live update please check here.
Resourceful Automobile Company Details
Market Capitalization
31.07 crores
Date of Foundation
21 February, 2018
Company Identification Number
U50401DL2018PLC329756
Registration Number
329756
Company Business Sector
Automobile
Resourceful Automobile Limited Business
Resourceful Automobile Limited operates showrooms under the name of “Sawhney Automobile, The company offers a comprehensive selection of two-wheelers, like commuter bikes, cruisers, scooters sports bikes etc. This company is an authorized Yamaha dealer, therefore the company sells bikes of the latest models and provides after-sales service including spare parts after sale.
Currently Resourceful Automobile Limited operates its business in two concept-driven showrooms, both offering comprehensive Sales, Service, and Spares (3S) support. The company’s recent Blue Square outlet in Dwarka, New Delhi, showcases Yamaha’s entire range of two-wheelers, apparel, and accessories, with an interior design that reflects Yamaha’s racing DNA. Another showroom on Palam Road, New Delhi, focuses on premium and distinctive two-wheelers.
Resourceful Automobile Financial Performance
Particulars
February 29, 2024
31 March, 2023 (Year End)
31 March 2022 (Year End)
Sales/Revenue
1,723.64
1,938.26
1,250.10
Total Expenses
1,518.65
1,878.37
1,211.49
Net Profit
152.24
41.50
28.73
Cash & Cash Equivalents
85.74
20.58
7.46
Total Assets
1,451.42
1,000.49
1,008.58
Reserves and Surplus
152.67
66.27
24.78
Total Borrowing
992.34
747.77
673.73
Net Worth
315.78
163.56
74.78
Share Capital
163.11
97.28
50.00
EPS in Rupees
9.33
4.27
5.75
Net asset value ( NAV ) in Rupees
19.36
16.81
14.96
All Value In INR ( Lakhs)
Company Fundamental Key Details
Particulars
31 March, 2024
31 March, 2023
31 March 2022
ROE
0.48
0.25
0.38
ROCE%
31.22%
16.07%
13.04%
PAT Margin%
9.21%
2.20%
2.33%
EBITDA Margin%
18.24%
7.84%
7.36%
RONW
0.48
0.25
0.38
ROI
0.93
0.43
0.57
Inventory Turnover Ratio
2.88
4.06
4.23
Debt to Equity Ratio
3.14
4.57
9.01
Net Capital Turnover Ratio
6.90
15.81
20.39
Resourceful Automobile Competitors Names
Hero MotoCorp Ltd
TVS Motor Company Ltd
Bajaj Auto
Resourceful Automobile Limited Promoter & Board of Directors
The company will be expanded by opening new showrooms in Delhi/ NCR.
To Meet Incremental Working Capital Requirements.
Repayment of Debt.
General Corporate Purpose.
Resourceful Automobile IPO Apply or Avoid? Check
After doing the business and fundamental analysis of the company, here we will discuss the pros and cons of some companies. As a result, it will be easy for you to decide to apply or avoid.
Pros:
Sales & Profit: The company’s sales and profits are increasing year on year.
Reserves: reserves & surplus continuously increasing, that is a positive sign of company growth.
Diversified Products: Resourceful Automobile offers a comprehensive selection of two-wheelers, including commuter bikes, sport bikes, cruisers, and scooters.
Cons:
High Competitive Market: This company work in the automobile sector, The two-wheeler market is highly competitive.
High Operating Cost: The company’s investment in premium showrooms, service centres, and employee training can lead to high operating costs.
Dependence on Yamaha: The company’s business depends on Yamaha if in the future if there is any problem Yamaha may cancel the dealership or if there is a change in the market position and market share of Yamaha it will have an impact on Resourceful Automobile Limited business.
Promoter Share Holding: Promoters are directly selling a 39% stake in the company through IPO which is treated as negative.
High Debt: The debt of the company is increasing steadily but the reserves are very less compared to that which highlights a negative aspect of the company.
Check IPO Allotment Status From Issue Registrar
Registrar
Cameo Corporate Services Limited
Address:
“Subramanian Building”, #1, Club House Road, Chennai – 600 002, India;
