BikeWo Green Tech IPO GMP, Review, Price, Allotment

Last updated on September 17, 2024

BikeWo Green Tech IPO description – The company is an electric two-wheeler retailer in India with dealerships for brands such as Ola Electric, Quantum Escooters, Bounce, and GT-Force among others. After commencing operations in 2016, the company has been engaged in the business of buying and selling used four-wheelers from authorized dealers. It diversified into marketing and selling of electric vehicles in 2022 and appointed ten dealers during the first quarter of FY 2022, for opening and operating stores in Andhra Pradesh and Telangana.

Its business model focuses on creating a dealership chain across Tier-II and Tier-III cities for setting up retail spaces which ensures high visibility and easy accessibility to customers. The company plans to continue to deepen its store network in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat; and plans to gradually expand its network in Rajasthan, Kerala, Karnataka, and West Bengal. The company offers three types of dealerships; (i) State Dealership; (ii) Diamond Dealership; and (iii) Platinum Dealership.

Promoters of BikeWo Green Tech – Mr. Katepalli Manideep, Mr. Satyapoorna Chander Yalamanchili, Mr. N Vidhya Sagar Reddy, and Ms. Manvi Talwar

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BikeWo Green Tech IPO Details

BikeWo Green Tech IPO Dates	20 – 24 September 2024
BikeWo Green Tech Issue Price	INR 59 – 62 per share
Fresh issue	38,86,000 shares (INR 22.93 – 24.09 crore)
Offer For Sale	NIL
Total IPO size	38,86,000 shares (INR 22.93 – 24.09 crore)
Minimum bid (lot size)	2,000 shares (INR 1,24,000)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE EMERGE

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BikeWo Green Tech Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	13.81	20.57	24.99
Expenses	13.70	20.58	22.81
Net income	0.15	0.10	1.67

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BikeWo Green Tech Offer News

• BikeWo Green Tech RHP
• BikeWo Green Tech Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• Highest SME IPO Subscription in 2024

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BikeWo Green Tech Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	0.30	0.19	2.51
PE ratio	–	–	23.51 – 24.70
RONW (%)	2.13	1.35	13.94
NAV	34.96	35.44	18.31
ROCE (%)	5.77	2.64	10.87
EBITDA (%)	7.27	3.26	11.30

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BikeWo Green Tech IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
17 September 2024	10	–	8,500

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BikeWo Green Tech IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

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BikeWo Green Tech IPO Allotment Status

BikeWo Green Tech IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

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BikeWo Green Tech IPO Dates & Listing Performance

IPO Opening Date	20 September 2024
IPO Closing Date	24 September 2024
Finalization of Basis of Allotment	25 September 2024
Initiation of refunds	26 September 2024
Transfer of shares to demat accounts	26 September 2024
IPO Listing Date	27 September 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

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BikeWo Green Tech Offer Lead Manager

KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 4076 7373
Email: [email protected]/[email protected]
Website: www.kslindia.com

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BikeWo Green Tech Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com

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BikeWo Green Tech Issue Contact Details

BIKEWO GREEN TECH LIMITED
Plot No. 502B, Amara Jyothi,
Road No. 31, Jubilee Hills,
Hyderabad – 500 033, Telangana
Phone: +91 – 812 100 7731
E-mail: [email protected]
Website: [email protected]

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