Resourceful Automobile Limited IPO

Resourceful Automation Ltd is launching an IPO with 10,24,800 shares worth INR 11.99 cr. Proceeds will fund new showrooms, debt repayment, and working capital.

Important Details

Open Date : August 22, 2024 Close Date : August 26, 2024 Allotment Date: August 27, 2024 Listing Date: August 29, 2024

Important Details

IPO Price: INR 117 per share Lot Size: 1200 Shares Total Issue Size: INR 11.99 crores

Fundamental Analysis

Resourceful Automobile Limited IPO shows mixed performance: 1. Strong profitability and reduced debt. 2. Slight revenue decline noted. 3. Decreasing inventory turnover. 4. Potential investment opportunity. 5. Essential to monitor revenue trends.

Peer Comparison

No listed companies in India have a business portfolio or scale comparable to this company's.

Objective

Resourceful Automobile aims to: 1. Open new showrooms (INR 2.16 crores). 2. Repay Deutsche Bank loans (INR 4.55 crores). 3. Meet working capital and general corporate needs.

Risks And Challenges

Resourceful Automobile Limited IPO Risks: 1. Reliance on Yamaha; adverse changes could impact business . 2. Automotive sector sensitive to economic shifts; reduced demand may affect prospects. 3. Recent negative cash flows; continued losses may harm financials.