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.
Open Date : August 22, 2024 Close Date : August 26, 2024 Allotment Date: August 27, 2024 Listing Date: August 29, 2024
IPO Price: INR 117 per share Lot Size: 1200 Shares Total Issue Size: INR 11.99 crores
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.
No listed companies in India have a business portfolio or scale comparable to this company's.
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.
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.