Resourceful Automobile
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 22 Aug 2024 – 26 Aug 2024
- Listing date
- 29 Aug 2024
- Face value
- ₹10 per share
- Issue price
- ₹117 per share
- Lot size
- 1,200 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹11.99 Cr
- Market cap at offer price
- ₹31.07 Cr
- Promoter holding
- 100.00% → 61.41% pre-issue → post-issue
- ISIN
- INE0SK201011
- Registrar
- Cameo Corporate Services Ltd.
- Lead managers
- Swastika Investmart Ltd.
- Registered office
- K-24, Upper Ground, KH No.107/10 Main Road, Raja puri, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 51,600 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹117
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,40,400 |
| S-HNI (min) | 2 | 2,400 | ₹2,80,800 |
| S-HNI (max) | 7 | 8,400 | ₹9,82,800 |
| B-HNI (min) | 8 | 9,600 | ₹11,23,200 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 2.54 | 6.25 |
| P/E (×) | 46.06 | 18.72 |
| Price to book (×) | 0.00 | — |
| Market cap | — | ₹31.07 Cr |
Key performance indicators
- Return on net worth
- 0.48%
- ROCE
- 31.22%
- PAT margin
- 266.84%
- NAV per share
- ₹16.81
- Price to book
- 0.00
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Resourceful Automobile
Resourceful Automobile Limited (incorporated February 21, 2018 as 'Resourceful Automobile Private Limited'; converted to a public limited company on October 25, 2023) was founded by promoters Mr. Rahul Sawhney, Mrs. Bindu Sawhney and Mrs. Megha Chawla with a vision of delivering premium bikes. It operates as an authorized Yamaha two-wheeler dealership under the 'Sawhney Automobiles' name through two concept showrooms in Delhi — a Yamaha 'Blue Square' premium outlet at Dwarka (certified in 2022 as the first Blue Square outlet in Delhi and the second in North India) and a second showroom at Mahavir Enclave, Palam Road (opened 2023) — plus a leased workshop/service centre at Uttam Nagar. It buys bikes from Yamaha India via fixed online purchase orders (minimum 24 bikes per month), stocks them in its showrooms, and earns revenue primarily from selling commuter bikes, sport bikes, cruisers and scooters, supplemented by servicing/repairs and sale of genuine spare parts and accessories. All of its revenue is concentrated in Delhi, and it had 8 permanent employees as of December 28, 2023. For the seven months ended October 31, 2023 it reported revenue from operations of ₹814.93 lakhs and PAT of ₹74.79 lakhs (FY2023: revenue ₹1,883.92 lakhs, PAT ₹41.50 lakhs). It is raising ₹1,199.02 lakhs via a fixed-price fresh issue of 10,24,800 equity shares at ₹117 each to list on the SME Platform of BSE.
Company Analysis
from DRHPResourceful Automobile Limited is a Delhi-based authorized Yamaha two-wheeler dealership operating under the 'Sawhney Automobiles' brand, engaged in the sales and servicing of motorcycles and scooters.
Resourceful Automobile Limited (incorporated February 21, 2018 as 'Resourceful Automobile Private Limited'; converted to a public limited company on October 25, 2023) was founded by promoters Mr. Rahul Sawhney, Mrs. Bindu Sawhney and Mrs. Megha Chawla with a vision of delivering premium bikes. It operates as an authorized Yamaha two-wheeler dealership under the 'Sawhney Automobiles' name through two concept showrooms in Delhi — a Yamaha 'Blue Square' premium outlet at Dwarka (certified in 2022 as the first Blue Square outlet in Delhi and the second in North India) and a second showroom at Mahavir Enclave, Palam Road (opened 2023) — plus a leased workshop/service centre at Uttam Nagar. It buys bikes from Yamaha India via fixed online purchase orders (minimum 24 bikes per month), stocks them in its showrooms, and earns revenue primarily from selling commuter bikes, sport bikes, cruisers and scooters, supplemented by servicing/repairs and sale of genuine spare parts and accessories. All of its revenue is concentrated in Delhi, and it had 8 permanent employees as of December 28, 2023. For the seven months ended October 31, 2023 it reported revenue from operations of ₹814.93 lakhs and PAT of ₹74.79 lakhs (FY2023: revenue ₹1,883.92 lakhs, PAT ₹41.50 lakhs). It is raising ₹1,199.02 lakhs via a fixed-price fresh issue of 10,24,800 equity shares at ₹117 each to list on the SME Platform of BSE.
Objects of the Issue
- Expansion of the company by opening of new showrooms in Delhi/NCR ₹ 216.26 Lakhs p.62
- Repayment of Debt (repayment/prepayment of certain secured term loans of Hero FinCorp) ₹ 455.90 Lakhs p.64
- To Meet Incremental Working Capital Requirements ₹ 336.00 Lakhs p.67
- General Corporate Purpose ₹ 125.86 Lakhs p.69
- Public Issue Related Expenses ₹ 65.00 Lakhs p.69
Issue Structure
- Total Issue
- Upto 10,24,800 Equity Shares aggregating to ₹ 1,199.02 Lakhs
- Fresh Issue
- Upto 10,24,800 Equity Shares aggregating to ₹ 1,199.02 Lakhs (entire issue constitutes a fresh issue)
- Offer for Sale
- Nil
- Price Band
- Fixed Price Issue at ₹ 117/- per Equity Share (including a share premium of ₹ 107/- per Equity Share)
- Face Value
- ₹ 10/- each
Business Model
The company earns nearly all revenue from the sale of goods — new Yamaha two-wheelers sold through its two Delhi showrooms (revenue from operations of ₹814.93 lakhs for the seven months ended October 31, 2023, ~95.71% of total revenue) — purchasing inventory from Yamaha India against fixed monthly purchase orders. Ancillary income comes from servicing/repairs at its workshop and sale of spare parts ('Sale of Spare Parts & Servicing', reported as other income of ₹36.54 lakhs, ~4.29% of total revenue).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Rahul Sawhney | Promoter; Chairman and Managing Director | 74.30% | 45.63% |
| Mrs. Bindu Sawhney | Promoter; Non-Executive Director | 25.70% | 15.78% |
| Mrs. Megha Chawla | Promoter; Executive Director | Negligible | Negligible |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.