Resourceful Automobile IPO

Resourceful Automobile Limited was founded in 2018 and sells Yamaha two-wheelers under the name “Sawhney Automobile”. Sawhney Automobile offers a comprehensive range of two-wheelers to fulfill a variety of customer wants and needs. The range includes commuter bikes, sports bikes, cruisers, and scooters from renowned manufacturers. The company currently has two conceptual showrooms with an attached workshop. The Blue Square showroom in Dwarka, New Delhi, showcases the entire range of Yamaha two-wheelers, apparel, and accessories. Another showroom is located on Palam Road in New Delhi. This showroom offers a wide range of high-quality and distinctive two-wheelers, including the latest models from Yamaha India and a diverse collection of motorcycles. As of July 31, 2024, the company has a total of 8 permanent employees.

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: To Carry on the Expansion of the company by opening new showrooms in Delhi/ NCR; Repayment of Debt; To Meet Incremental Working Capital Requirements; and General Corporate Purpose and to meet Public Issue Expenses.

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