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Resourceful Automobile Ltd

Issue
Opens On Closes On
22-Aug-24 26-Aug-24
Money Payable On
Application Allotment
117.00 0.00

Minimum Application for shares in Nos : 1200 Further Multiples of : 1200

Lead Managers to the Issue
Project Cost (₹.Cr) 11.34 Swastika Investmart Ltd
Project Financed through Current Offer (₹.Cr) 11.99  
Post Issue Equity Share Capital (₹.Cr) 2.66
Issue Price (₹) 117.00
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
No Data Available
  • Registered Office: K 24 Upper Ground KH # 107/10-,Main Road Raja Puri West Delhi, Delhi - 110059, Delhi, India. Phone : +91 97737 84969   Fax:
  • 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.