What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Resourceful Automobile Limited IPO?

Resourceful Automobile Limited IPO has received a total subscription of 405.97 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Resourceful Automobile Limited

ListedSME

Automotive & Auto Components · BSE

Sawhney Automobile, a brand under Resourceful Automobile Limited, has been specializing in Yamaha two-wheelers since 2018. The company offers a diverse range of bikes and scooters, including commuter bikes, sports models, cruisers, and scooters, catering to various customer preferences. It operates two modern showrooms in New Delhi—the Blue Square showroom in Dwarka, which showcases Yamaha’s full range of two-wheelers, apparel, and accessories, and the Palam Road showroom, known for its extensive collection of the latest Yamaha models and unique motorcycles. With a dedicated team of 8 permanent employees as of July 31, 2024, Sawhney Automobile is committed to providing top-quality service and an exceptional customer experience. As the company grows, investors are keenly watching for updates on a potential Sawhney Automobile IPO, including details on its IPO GMP (Grey Market Premium)and expected listing performance, making it an exciting prospect in the automobile sector.

Price Band

₹117

Issue Size

₹11.99 Cr

Lot Size

1200 shares

GMP

₹105

+89.7%

Est. Listing

₹222

at current GMP

Subscribed

405.97x

overall

Open

22 Aug 2024

26 Aug 2024

Allotment

27 Aug 2024

Refund

28 Aug 2024

Demat Credit

29 Aug 2024

Listing

29 Aug 2024

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

405.97x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

349.72x

High Net-Worth

Retail (RII)

484.87x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 405.97x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	475,200	166,185,600	349.72x
RETAIL	498,000	241,462,800	484.87x
Total	973,200	407,648,400	405.97x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 480.07x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	299	144,976	484.87x
HNIs (10L +)	2	699	349.72x
HNIs (2-10L)	9	3,147	349.72x
Total Applications	310	148,822	480.07x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Resourceful Automobile Limited Public Issue & Market Profile

Resourceful Automobile Limited is bringing an initial public offering (IPO) in the Automotive & Auto Components sector with an aggregate issue size of ₹11.99 Crores. The shares are offered at a price band of ₹117 to ₹117 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,40,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-08-29, while un-allotted funds or UPI block mandates will be released on 2024-08-28.

Frequently Asked Questions

What is Resourceful Automobile Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Resourceful Automobile Limited IPO is ₹105 per equity share. Based on the upper price band of ₹117 to ₹117 per equity share, the estimated listing price is ₹222 (+89.7% expected listing gain).

What is the expected profit per lot for Resourceful Automobile Limited IPO?

With a lot size of 1200 shares and current GMP of ₹105, the expected profit per application lot is approx ₹1,26,000 (+89.7% gain). Minimum application cost is approx ₹1,40,400.

What is the issue size and price band for Resourceful Automobile Limited IPO?

The Resourceful Automobile Limited IPO aggregate issue size is ₹11.99 Crores with an equity price band set at ₹117 to ₹117 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,40,400.

How can I check Resourceful Automobile Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 405.97x (Retail: 484.87x, QIB: 0.00x, NII: 349.72x). You can track live multiples directly on our dedicated subscription page.

Where and when will Resourceful Automobile Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2024-08-27. Investors can verify status using PAN card or application number.

When is the listing date for Resourceful Automobile Limited IPO?

Resourceful Automobile Limited shares are scheduled to list on BSE on 2024-08-29.