BikeWo Green Tech IPO GMP, Review, Price, Allotment

0

Last updated on September 27, 2024

BikeWo EV IPO GMP

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.

BikeWo Green Tech IPO

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


BikeWo Green Tech IPO Details

BikeWo Green Tech IPO Dates20 – 24 September 2024
BikeWo Green Tech Issue PriceINR 59 – 62 per share
Fresh issue38,86,000 shares (INR 22.93 – 24.09 crore)
Offer For SaleNIL
Total IPO size38,86,000 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 Allocation35%
Listing OnNSE EMERGE

BikeWo Green Tech Financial Performance

 FY 2022FY 2023FY 2024
Revenue13.8120.5724.99
Expenses13.7020.5822.81
Net income0.150.101.67
Figures in INR Crores unless specified otherwise

BikeWo Green Tech Offer News


BikeWo Green Tech Valuations & Margins

FY 2022FY 2023FY 2024
EPS0.300.192.51
PE ratio––23.51 – 24.70
RONW (%)2.131.3513.94
NAV34.9635.4418.31
ROCE (%)5.772.6410.87
EBITDA (%)7.273.2611.30
*Compiled by IPO Central from Prospectus

BikeWo Green Tech IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
26 September 202410–14,000
25 September 202420–30,000
24 September 202415–17,500
23 September 202410–12,000
21 September 202410–12,000
20 September 202410–12,000
19 September 202410–12,000
18 September 202410–12,000
17 September 202410–8,500

BikeWo Green Tech IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered1,86,00017,52,00017,52,00036,90,000
24 Sep 202443.0322.5961.0441.88
23 Sep 20241.002.8217.159.53
20 Sep 20240.000.332.221.21

The market maker reservation portion of 1,96,000 shares is not included in the above calculations.


BikeWo Green Tech IPO Allotment Status

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


BikeWo Green Tech IPO Dates & Listing Performance

IPO Opening Date20 September 2024
IPO Closing Date24 September 2024
Finalization of Basis of Allotment25 September 2024
Initiation of refunds26 September 2024
Transfer of shares to demat accounts26 September 2024
IPO Listing Date27 September 2024
Opening Price on NSE SMEINR 45 per share (down 27.42%)
Closing Price on NSE SMEINR 47.25 per share (down 23.79%)

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


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


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]


IPO FAQs

What is BikeWo Green Tech offer size?

BikeWo Green Tech offer size is INR 22.93 – 24.09 crores.

What is BikeWo Green Tech offer price band?

BikeWo Green Tech public offer price is INR 59 – 62 per share.

What is the lot size of BikeWo Green Tech IPO?

BikeWo Green Tech offer lot size is 2,000 shares.

What is BikeWo Green Tech IPO GMP today?

BikeWo Green Tech IPO GMP today is INR 10 per share.

What is BikeWo Green Tech kostak rate today?

BikeWo Green Tech kostak rate today is INR NA per application.

What is BikeWo Green Tech IPO Subject to Sauda rate today?

BikeWo Green Tech’s Subject to Sauda rate today is INR 14,000 per application.

LEAVE A REPLY

Please enter your comment!
Please enter your name here