Resourceful Automobile Ltd - IPO

Resourceful Automobile Ltd IPO Details

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.

Objective of issue

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.

Resourceful Automobile Ltd Contact Details

Resourceful Automobile Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@sawhneyauto.com

Website - www.sawhneyauto.com