ListedSMERAL

Resourceful Automobile Limited

Resourceful Automobile Limited is a sme IPO raising ₹12 Cr at a fixed price of ₹117 a share. It listed on 29 Aug 2024 and trades at ₹42 today, −64.3% against its issue price of ₹117. It was subscribed 0.00× in total.

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₹117

Issue price

₹42

Price now

−64.3%

Since issue price

29 Aug 2024

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹117

Cut-off price₹117

Issue size₹12 Cr

Shares per lot1200

Minimum application₹1,40,400

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0SK201011

Bidding hours10:00 – 17:00 IST

Bidding window22 Aug 2024 – 26 Aug 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.