Resourceful Automobile Limited was founded in 2018 and sells Yamaha two-wheelers under the name “Sawhney Automobile”.
Sawhney Automobile offers a comprehensive range of two-wheelers to fulfill a variety of customer wants and needs. The range includes commuter bikes, sports bikes, cruisers, and scooters from renowned manufacturers.
The company currently has two conceptual showrooms with an attached workshop. The Blue Square showroom in Dwarka, New Delhi, showcases the entire range of Yamaha two-wheelers, apparel, and accessories. Another showroom is located on Palam Road in New Delhi. This showroom offers a wide range of high-quality and distinctive two-wheelers, including the latest models from Yamaha India and a diverse collection of motorcycles.
As of July 31, 2024, the company has a total of 8 permanent employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| To Carry on the Expansion of the company by opening new showrooms in Delhi/ NCR; Repayment of Debt; | — |
| To Meet Incremental Working Capital Requirements; and | — |
| General Corporate Purpose and to meet Public Issue Expenses. | — |
| Metric | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 1,451 | 1,000 | 1,000 |
| Revenue | 1,724 | 1,938 | 1,250 |
| PAT | 1,250 | 1,250 | 1,250 |
| Net Worth | 1,250 | 164 | 164 |
| Reserves | 152,670 | 66 | 25 |
| Total Borrowing | 992 | 748 | 674 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 475,200 (46%) Retail Shares Offered 498,000 (49%) Total Shares Offered 1,024,800 (100%) | — |
| Retail (RII) | — | 498,000 (49%) | — |
| Market Maker | — | 51,600 (5%) | — |
| Total | — | 1,024,800 (100%) | — |
* Amount calculated at upper price band (₹117) · ** Total includes all investor categories
- 1 Initiation of Refund 28 Aug 2024
- 2 Credit of Shares to Demat 28 Aug 2024
- Retail allocation is strong at 49% of the total offering.
- HNI/NII demand is strong at 46%.
- The IPO P/E of 19x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹3 compares to post-issue EPS of ₹6 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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