Bookbuilding IPO | ₹24 Cr | Listed at NSE SME | Fri, Sep 20, 2024 - Tue, Sep 24, 2024
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,24,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 20, 2024
IPO Close
Tue, Sep 24, 2024
Issue Price
₹62 per share
Market Cap (Pre-IPO)
₹80.87 Cr
| IPO Date | 20 to 24 Sep, 2024 |
| Listed on | Fri, Sep 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹62 |
| Issue Price | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,86,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,96,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 36,90,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 36,90,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 91,57,250 shares |
| Share Holding Post Issue | 1,30,43,250 shares |
| NSE Symbol | BIKEWO |
| ISIN | INE0SQH01013 |
Bikewo Green Tech IPO comprises a total issue size of 38,86,000 shares. The net offer to the public is 36,90,000 shares, after excluding 1,96,000 shares allotted on a firm basis. Of the Net offer 1,86,000 (5.04%) are allocated to QIB, 17,52,000 (47.48%) allocated to NII 17,52,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,86,000 | 5.04% | 4.79% |
| NII (HNI) Shares Offered | 17,52,000 | 47.48% | 45.08% |
| Retail Shares Offered | 17,52,000 | 47.48% | 45.08% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,96,000 | 5.04% | |
| Total Shares Offered | 38,86,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 31.51 | 19.62 | 14.97 |
| Total Income | 25.14 | 20.62 | 13.92 |
| Profit After Tax | 1.67 | 0.10 | 0.15 |
| NET Worth | 16.77 | 7.23 | 7.13 |
| Total Borrowing | 14.19 | 12.39 | 7.84 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding purchase of electric two wheeler vehicles for selling and supplying the same to the new and existing dealers; | 6.00 |
| 2 | Funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India; | 6.23 |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and | 3.50 |
| 4 | General Corporate Purposes | 5.77 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 13.94% |
| ROCE | 10.87% |
| RoNW | 13.94% |
| PAT Margin | 6.69% |
| Price to Book Value | 3.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.83 | 1.28 |
| P/E (x) | 33.95 | 48.36 |
| Promoter Holding | 89% | 62.48% |
| Market Cap | ₹80.87 Cr. |
The BikeWo GreenTech IPO is subscribed 41.82 times on September 24, 2024 6:19:59 PM (Day 3). The public issue subscribed 61.04 times in the retail category, 43.03 times in the QIB category, and 22.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 43.03 | 1,86,000 | 80,04,000 |
| NII* | 22.48 | 17,52,000 | 3,93,78,000 |
| Retail | 61.04 | 17,52,000 | 10,69,48,000 |
| Total | 41.82 | 36,90,000 | 15,43,30,000 |
Total Application : 53,474
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.56 |
| 2 | Marketing and Selling Commission and expenses | 1.77 |
| 3 | Advertising and marketing expenses | 0.16 |
| 4 | Printing and distribution of issue stationery | 0.01 |
| 5 | Listing fees | 0.01 |
| 6 | SEBI and NSE processing fees | 0.00 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.03 |
| 9 | Miscellaneous | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹45.00 |
| Low | ₹45.00 |
| High | ₹47.25 |
| Last Trade | ₹47.25 |
Lead Manager Reports
Bikewo Green Tech IPO is a SME IPO of 38,86,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 20, 2024, and closes on Tue, Sep 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 Fri, Sep 20, 2024 and closes on Tue, Sep 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 Thu, Sep 26, 2024. Check the Bikewo Green Tech IPO allotment status.
The Bikewo Green Tech IPO listing date is on Fri, Sep 27, 2024.
