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

The IPO of BikeWo GreenTech is priced at ₹59-62 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

BikeWo GreenTech IPO bid opening date is from Sep 20, 2024 and the bid closing date was Sep 24, 2024.
BikeWo GreenTech IPO allotment result will be available on Sep 25, 2024. The tentative listing date for BikeWo GreenTech is Sep 27, 2024.

The total issue size is 3,886,000 shares(aggregating up to ₹24.09 Cr).

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

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-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 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.

BikeWo GreenTech - Promoter(s)

Pre Issue Share Holding: 89.00%

Post Issue Share Holding: 62.48%

Company Promoter(s)

Katepalli Manideep
Satyapoorna Chander Yalamanchili
N Vidhya Sagar Reddy
Manvi Talwar

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.

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.