Resourceful Automobile Limited IPO GMP

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.

Resourceful Automobile, a Fixed Price Issue amounting to ₹11.99 crores, consisting entirely a Fresh Issue of 10.24 Lakh Shares. The subscription period for the Resourceful Automobile IPO opens on August 22, 2024, and closes on August 26, 2024. The allotment is expected to be finalized on or about Tuesday, 27th August, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Thursday, 29th August, 2024.

The Share price of Resourceful Automobile IPO is set at ₹117 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹140,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹280,800.

SWASTIKA INVESTMART LIMITED is the book-running lead manager, CAMEO CORPORATE SERVICES LIMITED is the registrar for the Issue. Nikunj Stock Brokers Limited will act as the Market Maker for the Resourceful Automobile IPO.

Resourceful Automobile Limited IPO GMP Today
The Grey Market Premium of Resourceful Automobile Limited IPO is expected in the range of ₹50 to ₹55 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Resourceful Automobile Limited IPO Live Subscription Status Today
As of 04:33 PM on 23rd August 2024, the Resourceful Automobile Limited IPO live subscription status shows that the IPO subscribed 25.28 times on on the second day of subscription period. Check the Resourceful Automobile Limited IPO Live Subscription Status Today at BSE.

Resourceful Automobile Limited IPO Allotment Status
Resourceful Automobile IPO allotment date is 27 August, 2024, Tuesday. Resourceful Automobile IPO Allotment will be out on 27th August 2024 and will be live on Registrar Website from the allotment date. Check Resourceful Automobile Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Resourceful Automobile Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Resourceful Automobile Limited IPO
Resourceful Automobile Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹216.26 Lakhs is required to Carry on Expansion of the company by opening of new showrooms in Delhi/ NCR; 
2. ₹455.90 Lakhs is required for Repayment of Debt; 
3. ₹336.00 Lakhs is required to Meet Incremental Working Capital Requirements; 
4. ₹125.86 Lakhs is required for General Corporate Purpose and to meet Public Issue Expenses

Refer to Resourceful Automobile Limited RHP for more details about the Company.