BikeWo GreenTech IPO vs Pelatro IPO

Comparision between BikeWo GreenTech IPO and Pelatro IPO.

IPO Details

BikeWo GreenTech IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Pelatro IPO is a SME Book Built Issue proposed to list at NSE SME.

	BikeWo GreenTech IPO	Pelatro IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khandwala Securities Limited	Cumulative Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Aftertrade Broking Pvt Ltd	Shree Bahubali Stock Broking Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		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 Pelatro IPO is up to ₹55.98 Cr. The final issue price of BikeWo GreenTech IPO is ₹62.00 per share and of Pelatro IPO is ₹200.00 per share.

	BikeWo GreenTech IPO	Pelatro IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share	₹190.00 per share
Issue Price (Upper)	₹62.00 per share	₹200.00 per share
Issue Price (Final)	₹62.00 per share	₹200.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	38,86,000 shares	27,99,000 shares
Fresh Issue Size (Amount)	up to ₹24.09 Cr	up to ₹55.98 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,86,000 shares	27,99,000 shares
Issue Size Total (Amount)	up to ₹24.09 Cr	up to ₹55.98 Cr

IPO Timetable

BikeWo GreenTech IPO opens on Sep 20, 2024, while Pelatro IPO opens on Sep 16, 2024. The closing date of BikeWo GreenTech IPO and Pelatro IPO is Sep 24, 2024, and Sep 19, 2024, respectively.

	BikeWo GreenTech IPO	Pelatro IPO
Anchor Bid Date		Sep 13, 2024
Issue Open	Sep 20, 2024	Sep 16, 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 20, 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		Oct 20, 2024
Anchor Lockin End date 2		Dec 19, 2024

Financials

BikeWo GreenTech IPO P/E ratio is 33.95, as compared to Pelatro IPO P/E ratio of -77.78.

BikeWo GreenTech IPO

Pelatro 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

Pelatro Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	5,780.92
Revenue	5,536.54
Profit After Tax	-195.62
Net Worth	1,202.89
Reserves and Surplus	502.89
Total Borrowing	1,867.58
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.00%

73.31%

Promoter Shareholding (Post-Issue)

62.48%

53.59%

P/E Ratio

33.95

-77.78

Market Cap

₹80.87 Cr.

₹208.13 Cr.

ROE

13.94%%

-15.48%%

ROCE

10.87%%

3.85%%

Debt/Equity

1.55

EPS

₹1.83

₹-2.57

RoNW

13.94%%

-15.48%%

Shares Offered

In the BikeWo GreenTech IPO retail investors (RII) are offered 17,52,000 shares while in Pelatro IPO retail investors are offered 17,52,000 shares. Qualified institutional buyers (QIB) are offered 1,86,000 shares in BikeWo GreenTech IPO and 5,21,400 shares in Pelatro IPO.

	BikeWo GreenTech IPO	Pelatro IPO
Anchor Investor Reserveration		7,81,800 shares
Market Maker Reserveration	1,96,000 shares	1,40,400 shares
QIB	1,86,000 shares	5,21,400 shares
NII	17,52,000 shares	3,92,400 shares
RII	17,52,000 shares	9,13,200 shares
Employee	0 shares	0 shares
Others
Total	36,90,000 shares	18,76,800 shares

Bids Received (Subscription)

BikeWo GreenTech IPO subscribed 41.82x in total, whereas Pelatro IPO subscribed 21.94x.

	BikeWo GreenTech IPO	Pelatro IPO
QIB (times)	43.03x	15.22x
NII (times)	22.48x	55.31x
Big NII (times)
Small NII (times)
RII (times)	61.04x	12.58x
Employee (times)
Other (times)
Total (times)	41.82x	21.94x

Compare with others

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

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