Resourceful Automobile IPO | Hit or Not?

11°

2024-08-21

Resourceful Automobile Limited was founded in 2018 and sells Yamaha two-wheelers under the name “Sawhney Automobile”.

IPO Date	August 22, 2024 to August 26, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹117 per share
Lot Size	1200 Shares

IPO Open Date	Thursday, August 22, 2024
IPO Close Date	Monday, August 26, 2024
Basis of Allotment	Tuesday, August 27, 2024
Initiation of Refunds	Wednesday, August 28, 2024
Credit of Shares to Demat	Wednesday, August 28, 2024
Listing Date	Thursday, August 29, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 26, 2024

GMP is ₹70

Expected Return is 59.83%.

A good one?

To Apply for IPO:

Upstox- https://play.google.com/store/apps/details?id=i...

Zerodha - https://zerodh...m/

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