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Resourceful Automobile Limited IPO GMP Today, Price Range, and Company Details

Resourceful Automobile Limited IPO offers shares at ₹117 per share and has a GMP of ₹55. Available in 1200 share lots, the subscription window is open from August 22 to August 26, 2024.
Resourceful Automobile Limited IPO GMP Today, Price Range, and Company Details

As of August 21, 2024, Resourceful Automobile Limited IPO has a ₹55 as Grey Market Premium, with a price range of ₹117 per share. Offering lots of 1200 shares, the subscription window is open from August 22 to August 26, 2024.

Resourceful Automobile Limited IPO GMP Today

The Grey Market Premium (GMP) for Resourceful Automobile Limited is ₹55 as of August 21, 2024. This assessment coincides with a price of ₹117 per share for the IPO.

Resourceful Automobile Limited IPO Review

Resourceful Automobile Limited Ltd has shown notable financial growth, with net worth increasing from ₹163.56 lakhs in March 2023 to ₹315.78 lakhs by March 2024. This growth is supported by substantial increases in profitability and EPS, showcasing strong investor confidence.

The company’s financial health is robust, as evidenced by growing assets and a reduced debt-equity ratio. Equity and liabilities have consistently increased, reflecting expansion potential, while an improvement in ROCE to 31.22% highlights enhanced shareholder value generation.

To get a full IPO review, click here Resourceful Automobile Limited IPO

Resourceful Automobile Limited IPO Date

Resourceful Automobile Limited will start accepting subscriptions from August 22 to August 26, 2024.

Resourceful Automobile Limited IPO Price

Resourceful Automobile Limited’s price range is at ₹117 per share with a face value of ₹10 each.

Resourceful Automobile Limited

Resourceful Automobile Limited operates as a dealer for Yamaha two-wheelers through its showroom, Sawhney Automobile. Specializing in motorcycle and scooter sales and service, the company is known for its quality products and excellent customer service. Sawhney Automobile offers a wide range of two-wheelers, including commuter bikes, sport bikes, cruisers, and scooters, catering to various customer preferences.

How To Apply For Resourceful Automobile Limited IPO?

To apply for the Resourceful Automobile Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Resourceful Automobile Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Resourceful Automobile Limited IPO at Alice Blue in just a few clicks!

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