BikeWo GreenTech IPO vs Popular Foundations IPO

Comparision between BikeWo GreenTech IPO and Popular Foundations IPO.

IPO Details

BikeWo GreenTech IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Popular Foundations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	BikeWo GreenTech IPO	Popular Foundations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Khandwala Securities Limited	Srujan Alpha Capital Advisors Llp
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Aftertrade Broking Pvt Ltd	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of BikeWo GreenTech IPO is up to ₹24.09 Cr whereas the issue size of the Popular Foundations IPO is up to ₹19.87 Cr. The final issue price of BikeWo GreenTech IPO is ₹62.00 per share and of Popular Foundations IPO is ₹37.00 per share.

	BikeWo GreenTech IPO	Popular Foundations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share
Issue Price (Upper)	₹62.00 per share
Issue Price (Final)	₹62.00 per share	₹37.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	38,86,000 shares	53,70,000 shares
Fresh Issue Size (Amount)	up to ₹24.09 Cr	up to ₹19.87 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,86,000 shares	53,70,000 shares
Issue Size Total (Amount)	up to ₹24.09 Cr	up to ₹19.87 Cr

IPO Timetable

BikeWo GreenTech IPO opens on Sep 20, 2024, while Popular Foundations IPO opens on Sep 13, 2024. The closing date of BikeWo GreenTech IPO and Popular Foundations IPO is Sep 24, 2024, and Sep 19, 2024, respectively.

	BikeWo GreenTech IPO	Popular Foundations IPO
Anchor Bid Date
Issue Open	Sep 20, 2024	Sep 13, 2024
Issue Close	Sep 24, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 26, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 27, 2024	Sep 24, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

BikeWo GreenTech IPO P/E ratio is 33.95, as compared to Popular Foundations IPO P/E ratio of 15.97.

BikeWo GreenTech IPO

Popular Foundations IPO

Financial

BikeWo GreenTech Limited Financial Information (Restated)

BikeWo GreenTech Limited's revenue increased by 22% and profit after tax (PAT) rose by 1606% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
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
Amount in ₹ Lakhs

Popular Foundations Limited Financial Information (Restated)

Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,354.87	4,864.7	4,929.49
Revenue	5,191	4,866.89	2,630.17
Profit After Tax	347.76	119.61	48.08
Net Worth	2,313.11	1,483.69	1,384.08
Reserves and Surplus	812.31	1,383.69	1,284.08
Total Borrowing	1,578.4	1,753.99	1,835.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.00%

83.36%

Promoter Shareholding (Post-Issue)

62.48%

61.39%

P/E Ratio

33.95

15.97

Market Cap

₹80.87 Cr.

₹75.40 Cr.

ROE

13.94%%

23.17%%

ROCE

10.87%%

22.77%%

Debt/Equity

EPS

₹1.83

₹2.32

RoNW

13.94%%

15.03%%

Shares Offered

In the BikeWo GreenTech IPO retail investors (RII) are offered 17,52,000 shares while in Popular Foundations IPO retail investors are offered 17,52,000 shares. Qualified institutional buyers (QIB) are offered 1,86,000 shares in BikeWo GreenTech IPO and 0 shares in Popular Foundations IPO.

	BikeWo GreenTech IPO	Popular Foundations IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,96,000 shares	2,70,000 shares
QIB	1,86,000 shares	0 shares
NII	17,52,000 shares	25,50,000 shares
RII	17,52,000 shares	25,50,000 shares
Employee	0 shares	0 shares
Others
Total	36,90,000 shares	51,00,001 shares

Bids Received (Subscription)

BikeWo GreenTech IPO subscribed 41.82x in total, whereas Popular Foundations IPO subscribed 9.21x.

	BikeWo GreenTech IPO	Popular Foundations IPO
QIB (times)	43.03x
NII (times)	22.48x	3.54x
Big NII (times)
Small NII (times)
RII (times)	61.04x	14.89x
Employee (times)
Other (times)
Total (times)	41.82x	9.21x

Compare with others

BikeWo GreenTech IPO	Popular Foundations IPO
Avi Ansh Textile IPO	SD Retail IPO
Rappid Valves (India) IPO	BikeWo GreenTech IPO
Phoenix Overseas IPO	Pelatro IPO
WOL 3D IPO	Osel Devices IPO
SD Retail IPO	Paramount Speciality Forgings IPO
Pelatro IPO	Sodhani Academy of Fintech Enablers IPO
Osel Devices IPO	Deccan Transcon Leasing IPO
Paramount Speciality Forgings IPO	Envirotech Systems IPO
Popular Foundations IPO	Trafiksol ITS Technologies IPO
Sodhani Academy of Fintech Enablers IPO	Gajanand International IPO

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