IPO Details

Resourceful Automobile Ltd
Registered Office: K 24 Upper Ground KH # 107/10-, Main Road Raja Puri West Delhi, Delhi - 110059, Delhi
Phone: +91 97737 84969
Email: cs@sawhneyauto.com
Website: www.sawhneyauto.com
Public issue of 10,24,800 equity shares of face value of Rs. 10/- each of Resourceful Automobile Limited ("RAL" or the "Company" or the "Issuer") for cash at a price of Rs. 117/- per equity share including a share premium of Rs. 107/- per equity share (the "Issue Price") aggregating to Rs. 11.99 crores ("The Issue"), of which 51,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 117/- per equity share including a share premium of Rs. 107/- per equity share aggregating to Rs. 0.60 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 9,73,200 equity shares of face value of Rs. 10/- each at a price of Rs. 117/- per equity share including a share premium of Rs. 107/- per equity share aggregating to Rs. 11.39 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 38.59% and 36.64% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 117/-. The issue price is 11.70 times of the face value.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
22-Aug-2024	26-Aug-2024	₹ 117.00	₹ 0.00

Projects
To Carry on Expansion of the company by opening of new Showrooms in Delhi/NCR
Repayment of Debt
To meet incremental working capital requirements
General corporate purposes

Promoted By
Rahul Sawhney
Megha Chawla
Bindu Sawhney

Listing At
BSE - SME

Registrar to the Issue