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Resourceful Automobile Limited

Resourceful Automobile Limited

listed
₹1.40LMin. investment

Resourceful Automobile Limited IPO Details

Price range₹117 – ₹117
IPO type
SME
Lot size1200 shares
Issue size₹11.99Cr

Resourceful Automobile Limited Timeline

  1. Bid start
    22 Aug 2024
  2. Bid end
    26 Aug 2024
  3. Allotment
    24 Aug 2024
  4. Release of funds
    28 Aug 2024
  5. Demat transfer
    27 Aug 2024
  6. Listing
    29 Aug 2024

About Resourceful Automobile Limited

Founded in 2018, Resourceful Automobile Limited, trading under the name “Sawhney Automobile,” stands as a premier dealership specializing in Yamaha two-wheelers. Renowned for its extensive selection of motorcycles and scooters, Sawhney Automobile caters to a diverse range of rider preferences with a commitment to quality and customer satisfaction. From commuter bikes and sport bikes to cruisers and scooters, the dealership provides access to the latest Yamaha models and authentic spare parts, ensuring both reliability and performance. Beyond just sales, the dealership offers expert guidance, test rides, and comprehensive financing options, making it a trusted destination for motorcycle enthusiasts seeking both excellence and accessibility.
At the heart of Sawhney Automobile’s operations is its advanced service center, where a team of skilled technicians is dedicated to maintaining and repairing motorcycles. The center’s focus on routine maintenance and genuine parts guarantees the longevity and optimal performance of the bikes. This commitment to high standards is matched by the dealership’s strategic approach to managing competition and navigating industry risks, leveraging the extensive expertise of its management team. By addressing challenges proactively, Sawhney Automobile positions itself as a leader in the two-wheeler market.
The company’s mission reflects a deep dedication to providing high-quality motorcycles and exceptional service while nurturing a vibrant riding community. Sawhney Automobile actively engages with riders through events, group rides, and sponsorships, fostering camaraderie and shared passion. In recognition of the digital age, the dealership maintains a robust online presence with a user-friendly website that offers information on products, promotions, and online inquiry options, ensuring convenience and accessibility for its customers.
With a commitment to integrity and environmental responsibility, Sawhney Automobile adheres to industry regulations, promotes transparency in pricing, and explores eco-friendly alternatives such as electric two-wheelers. Looking ahead, the company is poised for continued growth and innovation, staying ahead of market trends and emerging technologies. By maintaining strong customer relationships and adapting to industry changes, Sawhney Automobile aims to solidify its position as the premier destination for all things related to two-wheeled mobility, celebrating the spirit of freedom and exploration on the open road.
Resourceful Automobile Limited  prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
  1. To Carry on Expansion of the company by opening of new showrooms in Delhi/ NCR.
  2. Repayment of Debt. 
  3. To Meet Incremental Working Capital Requirements
  4. General Corporate Purpose and to meet Public Issue Expenses.

Checklist

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Resourceful Automobile Limited Contact Details

Company NameResourceful Automobile Limited

How to apply for Resourceful Automobile Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Resourceful Automobile IPO FAQs