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Bikewo Green Tech IPO vs Pelatro IPO

Comparison between Bikewo Green Tech IPO and Pelatro IPO.

IPO Details

Bikewo Green Tech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Pelatro IPO is a SME Bookbuilding proposed to list at NSE SME.

 Bikewo Green Tech IPOPelatro IPO
LogoBikewo Green Tech IPO LogoPelatro IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersKhandwala Securities Ltd.Cumulative Capital Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Shree Bahubali Stock Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Bikewo Green Tech IPO is up to ₹22.88 Cr whereas the issue size of the Pelatro IPO is up to ₹53.17 Cr. The final issue price of Bikewo Green Tech IPO is ₹62.00 per share and of Pelatro IPO is ₹200.00 per share.

 Bikewo Green Tech IPOPelatro 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)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size2000 shares600 shares
Fresh Issue Size36,90,000 shares26,58,600 shares
Fresh Issue Size (Amount)up to ₹22.88 Crup to ₹53.17 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,90,000 shares26,58,600 shares
Issue Size Total (Amount)up to ₹22.88 Crup to ₹53.17 Cr

IPO Timetable

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

 Bikewo Green Tech IPOPelatro IPO
Anchor Bid DateSep 13, 2024
Issue OpenSep 20, 2024Sep 16, 2024
Issue CloseSep 24, 2024Sep 19, 2024
Basis Of Allotment (Tentative)Sep 25, 2024Sep 20, 2024
Initiation of Refunds (Tentative)Sep 26, 2024Sep 20, 2024
Credit of Share (Tentative)Sep 26, 2024Sep 23, 2024
Listing date (Tentative)Sep 27, 2024Sep 24, 2024
Anchor Lockin End date 1Oct 20, 2024
Anchor Lockin End date 2Dec 19, 2024

Financials & KPIs

Bikewo Green Tech IPO P/E ratio is 33.95, as compared to Pelatro IPO P/E ratio of -77.78.

 Bikewo Green Tech IPOPelatro IPO
Financials

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,151.351,962.41,497.41
Total Income2,514.212,061.861,391.71
Profit After Tax167.219.815.19
Net Worth1,676.7723.14713.34
Total Borrowing1,419.351,239.26784.07
Amount in ₹ Lakhs

Pelatro Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets5,780.92
Total Income5,536.54
Profit After Tax-195.62
Net Worth1,202.89
Reserves and Surplus502.89
Total Borrowing1,867.58
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)89.0073.31
Promoter Shareholding (Post-Issue)62.4853.59
P/E Ratio33.95-77.78
Market Cap₹80.87 Cr.₹208.13 Cr.
ROE13.94%-15.48%
ROCE10.87%3.85%
Debt/Equity1.55
EPS₹1.83₹-2.57
RoNW13.94%-15.48%

Shares Offered

In the Bikewo Green Tech IPO Retail Individual 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 Green Tech IPO and 5,21,400 shares in Pelatro IPO.

 Bikewo Green Tech IPOPelatro IPO
Anchor Investor Reserveration7,81,800 shares
Market Maker Reserveration1,96,000 shares1,40,400 shares
QIB1,86,000 shares5,21,400 shares
NII17,52,000 shares3,92,400 shares
RII17,52,000 shares9,13,200 shares
Employee49,800 shares
Others
Total36,90,000 shares26,58,600 shares

Bids Received (Subscription)

Bikewo Green Tech IPO subscribed 41.82x in total, whereas Pelatro IPO subscribed 21.94x.

 Bikewo Green Tech IPOPelatro IPO
QIB (times)43.03x15.22x
NII (times)22.48x55.31x
Big NII (times)
Small NII (times)
RII (times)61.04x12.58x
Employee (times)
Other (times)
Total (times)41.82x21.94x