BikeWo GreenTech Limited IPO
NSE SMEListed On: Sep 27, 2024 at ₹ 45.0
₹ 248000 /4000 Shares
*Min Investment
20 Sep, 2024
Open Date24 Sep, 2024
Close Date25 Sep, 2024
Allotment Date27 Sep, 2024
Listing DateBikeWo GreenTech IPO Issue Details
- Issue Price ₹59-62 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 38,86,000 shares(aggregating up to ₹24.09 crore)
- Fresh Share 38,86,000 shares(aggregating up to ₹24.09 crore)
- Listing at NSE SME
- List Price 45.0
- Listing Date 2024-09-27
- Lead Manager Khandwala Securities Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,24,000 |
| Retail(max) | 1 | 2000 | ₹1,24,000 |
| NII (min) | 2 | 4000 | ₹2,48,000 |
BikeWo GreenTech IPO Reservation
BikeWo GreenTech IPO offers total 38,86,000 shares. Out of which 1,86,000 (4.79%) allocated to QIB, 17,52,000 (45.08%) allocated to NII,17,52,000 (45.08%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 1,96,000 (5.04%) | |
| QIB Shares Offered | 1,86,000 (4.79%) | |
| NII (HNI) Shares Offered | 17,52,000 (45.08%) | |
| Retail Shares Offered | 17,52,000 (45.08%) | |
| Total Shares Offered | 38,86,000 (100%) |
BikeWo GreenTech IPO Documents
BikeWo GreenTech IPO Details
BikeWo GreenTech Limited IPO is an SME IPO, priced at ₹59-62 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 38,86,000 equity shares, aggregating up to ₹24.09 crores..
The IPO bidding window is open from Sep 20, 2024 to Sep 24, 2024. The allotment is expected to be finalized on Sep 25, 2024, and the tentative listing date is Sep 27, 2024.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,24,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,48,000.
Khandwala Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.
BikeWo GreenTech IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 186,000 / 1,752,000 | 1,752,000 | 3,690,000 |
Day 1 20-09-24 06:00 PM | 0.00 / 0.34 x | 2.36 x | 1.28 x |
Day 2 23-09-24 06:00 PM | 1.00 / 2.75 x | 17.57 x | 9.69 x |
Day 3 24-09-24 06:00 PM | 43.03 / 22.60 x | 61.19 x | 41.95 x |
BikeWo GreenTech Valuations
BikeWo GreenTech Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 3,151.35 | 1,962.4 | 1,497.41 |
| Revenue | 2,514.21 | 2,061.86 | 1,391.71 |
| Profit After Tax | 167.21 | 9.8 | 15.19 |
| Net Worth | 1,676.7 | 723.14 | 713.34 |
| Total Borrowing | 1,419.35 | 1,239.26 | 784.07 |
About BikeWo GreenTech Company
In the December of the year 2006, Bikewo Green Tech Limited is a foremost electric two-wheelers retailer of India. In a dealership format, the Company deals in State Dealership, Diamond Dealership and also has Platinum Dealership.
Presently, the brands are very effective across Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat and also aim to spread further to cities Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneswar, Nagpur, Bangalore, and Trivandrum.
Bikewo Green Tech is committed to furthering sustainable mobility solutions while making its innovative electric vehicle offerings widely accessible, and it has a dedicated team of 36 employees as of January 31, 2024.
BikeWo GreenTech - Promoter(s)
Katepalli Manideep
Satyapoorna Chander Yalamanchili
N Vidhya Sagar Reddy
Manvi Talwar
Pre Issue Share Holding : 89.00%
Post Issue Share Holding : 62.48%
BikeWo GreenTech IPO - Issue Objectives
Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to our new and existing dealers
Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
General Corporate Purposes.
Contact Details
BikeWo GreenTech
Plot No. 502B, Amara Jyothi, Road No. 31, Jubilee Hills, Hyderabad-500033
+91 8121007731
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
BikeWo GreenTech IPO - FAQs
Ans. BikeWo GreenTech Limited IPO is a SME IPO. The issue is priced at ₹59-62 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 20, 2024, and closes on Sep 24, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The BikeWo GreenTech Limited IPO opens on Sep 20, 2024 and closes on Sep 24, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of BikeWo GreenTech Limited IPO is 3,886,000 shares(aggregating up to ₹24.09 Cr).
Ans. The BikeWo GreenTech Limited IPO price band is set between ₹59-62 per equity share.
Ans. To apply for BikeWo GreenTech Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find BikeWo GreenTech Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of BikeWo GreenTech Limited IPO is Sep 25, 2024.
Ans. The BikeWo GreenTech Limited IPO will be listed on Sep 27, 2024.
Ans. Follow the steps to check the BikeWo GreenTech Limited IPO allotment status online.
