Resourceful Automobile Limited IPO

About Resourceful Automobile Limited

Resourceful Automobile Limited, established in 2018, operates under the brand name "Sawhney Automobile," specialising in the sale of Yamaha two-wheelers. The company is committed to providing a diverse range of two-wheelers to meet its customers' varied preferences and needs. Their offerings include commuter bikes, sports bikes, cruisers, and scooters from renowned manufacturers, ensuring that customers have access to the latest and most popular models in the market.

The company currently operates two state-of-the-art showrooms in New Delhi. The Blue Square showroom, located in Dwarka, is a flagship outlet that features a complete range of Yamaha two-wheelers, branded apparel, and accessories catering to enthusiasts and everyday riders alike. The second showroom on Palam Road also presents a comprehensive selection of high-quality and distinctive two-wheelers, showcasing the newest models from Yamaha, India.

In addition to their retail operations, Resourceful Automobile Limited enhances customer experience with attached workshops at both showrooms, offering maintenance and repair services. As of July 31, 2024, the company employs a dedicated team of 8 permanent staff members, all focused on delivering exceptional service and expertise to their clientele.

Industry Outlook

1. The Indian two-wheeler market, valued at USD 302.2 billion in 2022, is expected to reach USD 411.86 billion by 2032, growing at a 3.50% CAGR.
2. In 2024, the Indian motorcycle market is surging, with June sales reaching 1.66 lakh (+22.4%) and Year-to-Date sales at 9.7 lakh (+20.6%).

Resourceful Automobile Limited IPO Objectives

The company plans to allocate the net proceeds from the issue for the following purposes:

1. To Carry on the Expansion of the company by opening 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

Peer Details

There are no listed companies in India with a business portfolio that is directly comparable to that of Resourceful Automobile Limited or comparable to its scale of operations.

How To Check the Allotment Status of the Resourceful Automobile Limited IPO?

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2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Resourceful Automobile Limited

Registered office: K-24, Upper Ground, KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi – 110059

Phone: +91 - 97737 84969

E-mail: cs@sawhneyauto.com