Resourceful Automobile IPO Subscription Status: Resourceful Automobile IPO is Open on 22 August 2024 and Close on 26 August 2024. Resourceful Automobile IPO to Raise 10,24,800 shares (Approx ₹11.99 Cr) via IPO. The Fresh Issue is 10,24,800 shares (Approx ₹11.99 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
Resourceful Automobile IPO is an SME IPO and Listed on BSE SME. Resourceful Automobile IPO Price Band is Fixed at ₹117 Equity Share. Resourceful Automobile IPO Lot Size is 1200 Shares.
Also Read: Resourceful Automobile IPO Details Today, GMP Price, Date, Review
Resourceful Automobile IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Non Institutional Buyers (NIIs) | 4,86,600 | 15,35,77,200 | 315.61 |
| Retail Individual Buyers (RIIs) | 4,86,600 | 24,14,62,800 | 496.22 |
| Market Maker | 51,600 | 51,600 | 1 |
| Total | 9,73,200 | 40,75,96,800 | 74.13 |
Resourceful Automobile IPO Subscription Status day-by-day-
| Categories | 22 Aug | 23 Aug | 26 Aug |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 2.78 | 42.32 | 315.61 |
| RII | 17.92 | 105.93 | 496.22 |
| Total | 10.35 | 74.13 | 418.82 |
About IPO :
Resourceful Automobile is actively involved in the dealership of two-wheeler bike of Yamaha, operating under the showroom name “Sawhney Automobiles”. Specializing in the sales and servicing of motorcycles and scooters, with quality products and exceptional customer service, making it a trusted destination for motorcycle enthusiasts.
Sawhney Automobile caters to a diverse range of customer preferences and needs by offering a comprehensive selection of two-wheelers.
The inventory encompasses commuter bikes, sport bikes, cruisers, and scooters sourced from reputable manufacturers. As an authorized Yamaha dealership, we guarantee customers access to the latest models and authentic spare parts.
Our dealership goes beyond sales, providing expert guidance to assist customers in selecting the right bike, arranging test rides, and offering financing options for enhanced accessibility.
STRENGTH WEAKNESS
● Experienced Management Team;
● Quality Products;
● Locational Advantage.
WEAKNESS
● Working Capital Intensive Business;
● Limited Geographical Reach;
● Inability to adopt technology advancement.
OPPORTUNITY
● Growing domestic demand;
● Increase in per capita income of Indian residents.
THREATS
● High level competition;
● Technological Change.
We take pride in our advanced service center, where skilled technicians handle routine maintenance, repairs, and ensure the availability of genuine spare parts to uphold the longevity and performance of the bikes we sell.
The company actively engages with the riding community through events, group rides, and sponsorships. This involvement fosters a sense of camaraderie among customers and enthusiasts. Recognizing the significance of the digital landscape, the dealership maintains a robust online presence, featuring a user-friendly website that provides information on products, promotions, and a platform for online inquiries.
The company being into Auto Dealership Industry plays a key role in the automobile value chain by facilitating sales of vehicles along with the auto OEMs.
Resourceful Automobile holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
Resourceful Automobile Review From MoneyMintIdea –
- May Apply
