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The Yamaha dealership, with just TWO showrooms and EIGHT employees, decided to go public

2 bike showrooms, ₹4,800 crore IPO bids: All you need to know about Yamaha dealership's IPO

The Yamaha dealership, with just TWO showrooms and EIGHT employees, decided to go public

4,800 crore rupees for a bike dealership with just two showrooms. Find it unbelievable? Then buckle up for the craziest stock market story of the year!
Delhi based Resourceful Automobile's has done the unimaginable. The IPO of motorbike dealer Sawhney Automobiles, which operates two Yamaha showrooms in New Delhi and employs just eight people, was oversubscribed by 418.27 times on the third day of bidding.
The SME IPO saw a subscription rate of 10.35 times on Day 1 and 74.13 times on Day 2. They asked the investors for a cool 12 crore rupees... But guess what? The SME IPO got showered with bids worth 4,800 crore rupees!
According to the company's red herring prospectus (RHP), Resourceful Automobile plans to use the IPO funds to expand its operations by opening two new showrooms in the Delhi-NCR region, repay debt, and cover working capital needs.&nbsp;
<a href="https://www.editorji.com/business-news/maruti-suzuki-delays-mega-plant-impact-on-production-1724755569817">Also Read: Maruti Suzuki Delays &lsquo;Mega&rsquo; Plant: Impact On Production</a>

TVS NTorq vs Yamaha Ray ZR 125 - Scooter Battle 

Since its launch in 2018, the TVS NTorq has been the undisputed king of the sporty 125cc scooters, thanks to its impeccable ride-and-handling, new-age features, and solid build quality. But now, its crown has come under threat from the Yamaha Ray ZR 125, which looks very sporty &amp; packs quite a punch. In its latest avatar, the TVS NTorq BS6 2020 has been updated with some new features. So, which one trumps the other in the TVS NTorq vs Yamaha Ray ZR comparison? Watch our TVS NTorq vs Yamaha Ray ZR 125 video to find out, as we pitch the 2020 TVS NTorq Race Edition BS6 against the 2020 Yamaha Ray ZR 125 Street Rally Edition.

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