Resourceful Automobile SME IPO allotment date today; check latest GMP and other key details ahead of listing

Resourceful Automobile operates just two Yamaha two-wheeler showrooms under the name “Sawhney Automobiles”.

Resourceful Automobile shares will be allotted to successful bidders on Tuesday after the issue got bumper subscription of 400x on its final day of bidding.

Resourceful Auto allotment will be declared on the official website of the registrar, Cameo Corporate Services. The bidders can also check their allotment status on the BSE website.

Resourceful Automobile IPO Allotment Status Check on Cameo

Step 1: Visit the official website of the registrar to check IPO status here.

Step 2: Select Resourceful Automobile from the drop down list.

Step 3: Choose one of the options from application number or PAN number.

Step 4: Fill in the Captcha code and press the button Submit

Step 5: You will be able to see the allotment status

Resourceful Automobile IPO Allotment Status Check on BSE

Step 1: Visit the official website BSE to check IPO status here.

Step 2: On right side, click on Status of Issue Application.

Step 3: Click on Equity on the issue type

Step 4: Fill in details like application or PAN numbers and click on 'Search'.

Step 5: Your allotment status will be shown.

According to multiple websites that track the grey market premium activities, Resourceful Automobile GMP is trading at about 70 percent premium on the issue price in the unlisted market.

The issue size of the maiden share sale is Rs 12 crore. The New Delhi-based company will be listed on the BSE SME platform on August 29, Thursday.

It was an entirely a fresh issue of 10.24 lakh shares. The bid price was fixed at Rs 117 apiece for a lot of 1200 shares.

The company plans to use the IPO proceeds to fund the expansion of its operations, including the opening of two new showrooms in the Delhi-NCR region, debt repayment, and covering working capital needs.

The company specialises in the sale and servicing of Yamaha motorcycles and scooters, and has a small workforce of 8 employees with 2 showrooms in Delhi.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.