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Bikewo Green Tech IPO is a book build issue of ₹24.09 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹24.09 crore.
Bikewo Green Tech IPO bidding started from Sep 20, 2024 and ended on Sep 24, 2024. The allotment for Bikewo Green Tech IPO was finalized on Sep 25, 2024. The shares got listed on NSE SME on Sep 27, 2024.
Bikewo Green Tech IPO price band is set at ₹62.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,48,000.
Khandwala Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Bikewo Green Tech IPO RHP for detailed Information.
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | September 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹59 to ₹62 per share |
| Issue Price Final | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,86,000 shares (aggregating up to ₹24.09 Cr) |
| Reserved for Market Maker | 1,96,000 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹1.22 Cr) |
| Net Offered to Public | 36,90,000 shares (aggregating up to ₹22.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 91,57,250 shares |
| Share Holding Post Issue | 1,30,43,250 shares |
BikeWo GreenTech IPO offers total 38,86,000 shares. Out of which 1,86,000 (4.79%) allocated to QIB, 17,52,000 (45.08%) allocated to NII, 17,52,000 (45.08%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,96,000 (5.04%) |
| QIB Shares Offered | 1,86,000 (4.79%) |
| NII (HNI) Shares Offered | 17,52,000 (45.08%) |
| Retail Shares Offered | 17,52,000 (45.08%) |
| Total Shares Offered | 38,86,000 (100.00%) |
Bikewo Green Tech IPO opens on September 20, 2024, and closes on September 24, 2024.
| IPO Open Date | Fri, Sep 20, 2024 |
| IPO Close Date | Tue, Sep 24, 2024 |
| Tentative Allotment | Wed, Sep 25, 2024 |
| Initiation of Refunds | Thu, Sep 26, 2024 |
| Credit of Shares to Demat | Thu, Sep 26, 2024 |
| Tentative Listing Date | Fri, Sep 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 24, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,24,000 |
| Retail (Max) | 1 | 2,000 | ₹1,24,000 |
| HNI (Min) | 2 | 4,000 | ₹2,48,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 Green Tech IPO is ₹80.87 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 13.94% |
| ROCE | 10.87% |
| RoNW | 13.94% |
| PAT Margin | 6.69% |
| Price to Book Value | 3.39 |
| 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...
| Listing Date | September 27, 2024 |
| BSE Script Code | |
| NSE Symbol | BIKEWO |
| ISIN | INE0SQH01013 |
| Final Issue Price | ₹62 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹45.00 |
| Low | ₹45.00 |
| High | ₹47.25 |
| Last Trade | ₹47.25 |
Bikewo Green Tech Ltd.
Plot No. 502B, Amara Jyothi
Road No. 31, Jubilee Hills
Hyderabad-500033
Hyderabad, Telangana
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
Bikewo Green Tech IPO is a SME IPO of 38,86,000 equity shares of the face value of ₹10 aggregating up to ₹24.09 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
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 Green Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Bikewo Green Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bikewo Green Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bikewo Green Tech IPO opens on September 20, 2024 and closes on September 24, 2024.
Bikewo Green Tech IPO lot size is 2000, and the minimum amount required for application is ₹1,24,000.
You can apply in Bikewo Green Tech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bikewo Green Tech 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 Green Tech IPO allotment status.
The Bikewo Green Tech IPO listing date is on Friday, September 27, 2024.
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