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BikeWo GreenTech IPO is a book built issue of Rs 24.09 crores. The issue is entirely a fresh issue of 38.86 lakh shares.
BikeWo GreenTech IPO opens for subscription on September 20, 2024 and closes on September 24, 2024. The allotment for the BikeWo GreenTech IPO is expected to be finalized on Wednesday, September 25, 2024. BikeWo GreenTech IPO will list on NSE SME with tentative listing date fixed as Friday, September 27, 2024.
BikeWo GreenTech IPO price band is set at ₹59 to ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.
Khandwala Securities Limited is the book running lead manager of the BikeWo GreenTech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to BikeWo GreenTech IPO RHP for detailed information.
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,886,000 shares (aggregating up to ₹24.09 Cr) |
| Fresh Issue | 3,886,000 shares (aggregating up to ₹24.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,157,250 |
| Share holding post issue | 13,043,250 |
| Market Maker portion | 196,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
BikeWo GreenTech IPO opens on September 20, 2024, and closes on September 24, 2024.
| IPO Open Date | Friday, September 20, 2024 |
| IPO Close Date | Tuesday, September 24, 2024 |
| Basis of Allotment | Wednesday, September 25, 2024 |
| Initiation of Refunds | Thursday, September 26, 2024 |
| Credit of Shares to Demat | Thursday, September 26, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
| Lot Size Calculator | |||
The company's promoters are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy and Manvi Talwar.
| Share Holding Pre Issue | 89.00% |
| Share Holding Post Issue | 62.48% |
Incorporated in December 2006,Bikewo Green Tech Limited is a electric two wheeler retailer in India.
The company's brand is in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat.
The company operate its business activities through dealership models. They offer three types of dealerships to their dealers;
The company plans to open stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore and Trivandrum.
As of January 31, 2024, the Company had 36 employees on payroll.
Competitive Strength
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 | ||||||||||||||||||||||||||||||
The market capitalization of BikeWo GreenTech IPO is Rs 80.87 Cr.
KPI as of March 31, 2023.
| KPI | Values |
|---|---|
| ROE | 13.94% |
| ROCE | 10.87% |
| RoNW | 13.94% |
| PAT Margin (%) | 6.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.83 | 1.28 |
| P/E (x) | 33.95 | 48.36 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is emerging EV-two wheeler retailer on Pan India Basis. It is doing the business on third party/franchise basis model. It posted growth in top line, but bottom line marked inconsistency. Based on FY24 earnings, the issue appears aggressively priced. Well-informed/cash surplus investors may park moderate fund for long term. Read detail review...
BikeWo GreenTech Limited
Plot No. 502B, Amara Jyothi
Road No. 31, Jubilee Hills
Hyderabad-500033
Phone: +91 8121007731
Email: info@bikewo.in
Website: https://bikewo.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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Check our SME IPO Guide 
BikeWo GreenTech IPO is a SME IPO of 3,886,000 equity shares of the face value of ₹10 aggregating up to ₹24.09 Crores. The issue is priced at ₹59 to ₹62 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 20, 2024, and closes on September 24, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in BikeWo GreenTech IPO using UPI as a payment gateway. Zerodha customers can apply in BikeWo GreenTech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BikeWo GreenTech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BikeWo GreenTech IPO opens on September 20, 2024 and closes on September 24, 2024.
BikeWo GreenTech IPO lot size is 2000 Shares, and the minimum amount required is ₹124,000.
You can apply in BikeWo GreenTech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for BikeWo GreenTech IPO will be done on Wednesday, September 25, 2024, and the allotted shares will be credited to your demat account by Thursday, September 26, 2024. Check the BikeWo GreenTech IPO allotment status.
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