IPO

BikeWo GreenTech Limited IPO

NSE SME

Listed On: Sep 27, 2024 at ₹ 45.0

₹ 124000 /2000 Shares

Check Allotment
BikeWo GreenTech IPO Details

20 Sep, 2024

Open Date

24 Sep, 2024

Close Date

25 Sep, 2024

Allotment Date

27 Sep, 2024

Listing Date

Issue Price

₹59-62 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

45.0

Listing Date

2024-09-27

Market Lot

2000 Shares (₹124,000/-)

Lead Manager

Khandwala Securities Limited

Issue Size

3,886,000 shares(aggregating up to ₹24.09 Cr)

Retail Portion

45%

Subscription

41.95 times

IPO Docs

DRHP

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.

Read More

BikeWo GreenTech IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved186,000 / 1,752,0001,752,0003,690,000
Day 1 - 20-09-24 06:00 PM0.00 / 0.34 x2.36 x1.28 x
Day 2 - 23-09-24 06:00 PM1.00 / 2.75 x17.57 x9.69 x
Day 3 - 24-09-24 06:00 PM43.03 / 22.60 x61.19 x41.95 x
Total No. of Applications: 53,474 (Approx)

BikeWo GreenTech Valuations

EPS Pre IPO

₹1.83/-

EPS Post IPO

₹1.28/-

P/E Pre IPO

33.95

P/E Post IPO

48.36

ROE

13.94%

ROCE

10.87%

RoNW

13.94%

PAT Margin

6.69

Price to Book Value

3.39

BikeWo GreenTech Company Financials All values are in ₹ Lakh

31-Mar-2431-Mar-2331-Mar-22
Assets3,151.351,962.41,497.41
Revenue2,514.212,061.861,391.71
Profit After Tax167.219.815.19
Net Worth1,676.7723.14713.34
Total Borrowing1,419.351,239.26784.07

About The 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.

Read More

BikeWo GreenTech - Promoter(s)

Pre Issue Share Holding: 89.00%

Post Issue Share Holding: 62.48%

Company Promoter(s)
  1. Katepalli Manideep
  2. Satyapoorna Chander Yalamanchili
  3. N Vidhya Sagar Reddy
  4. Manvi Talwar

BikeWo GreenTech IPO - Issue Objectives

  1. Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to our new and existing dealers
  2. Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India
  3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
  4. General Corporate Purposes.

Other Details

Company Contact Details

BikeWo GreenTech

Plot No. 502B, Amara Jyothi, Road No. 31, Jubilee Hills, Hyderabad-500033

Phone: +91 8121007731

Email: info@bikewo.in

Website: https://bikewo.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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. The size of BikeWo GreenTech Limited IPO is 3,886,000 shares(aggregating up to ₹24.09 Cr).

Ans. The IPO price band is set between ₹59-62 per equity share.

Ans. To apply for BikeWo GreenTech Limited IPO 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 allotment status for BikeWo GreenTech Limited IPO here.