BikeWo GreenTech IPO
Open SmeCurrent GMP
₹7 (+11.29%)
Price Band
₹ 59 – 62
Lot Size
2000
Issue Size
₹24.09 Cr
Minimum Investment
₹248000 (4000 Shares)
Listing Date
27 September 2024
Subscription
41.88x
About the Company
BikeWo GreenTech Limited is a prominent electric two-wheeler retailer in India, featuring dealerships for brands such as Ola Electric, Quantum Escooters, Bounce, and GT-Force, among others. Established in 2016, the company initially focused on buying and selling used four-wheelers through authorized dealers. In 2022, it expanded its operations into the electric vehicle market and launched ten new dealerships in the first quarter of FY 2022, specifically targeting Andhra Pradesh and Telangana.
The company's business model aims to build a dealership network in Tier-II and Tier-III cities, enhancing retail visibility and accessibility for customers. It plans to further develop its store network in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat, with future expansions into Rajasthan, Kerala, Karnataka, and West Bengal.
The company offers three dealership types:
1. State Dealership
2. Diamond Dealership
3. Platinum Dealership.
Promoters
The company's promoters are
- Katepalli Manideep
- Satyapoorna Chander Yalamanchili
- N Vidhya Sagar Reddy
- Manvi Talwar.
Promoters Holding
Holding Pre Issue
89.00%
Holding Post Issue
62.48%
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to our new and existing dealers
- Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
- General Corporate Purposes.
Address / Contact Info
BikeWo GreenTech Limited
Plot No. 502B, Amara Jyothi
Road No. 31, Jubilee Hills
Hyderabad-500033
Phone: +91 8121007731
Email: info@bikewo.in
Website: https://bikewo.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 20 September 2024
IPO Close Date
Tuesday, 24 September 2024
Basis of Allotment
Wednesday, 25 September 2024
Initiation of Refunds
Thursday, 26 September 2024
Credit of Shares to Demat
Thursday, 26 September 2024
Listing Date
Friday, 27 September 2024 — NSE & BSE
Important Dates
Open Date
20 September 2024
Close Date
24 September 2024
Basis Of Allotment
25 September 2024
Listing Date
27 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 3151.35 | 1962.4 | 1497.41 |
| Revenue | 2514.21 | 2061.86 | 1391.71 |
| Profit After Tax | 167.21 | 9.8 | 15.19 |
| Net Worth | 1676.7 | 723.14 | 713.34 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 1419.35 | 1239.26 | 784.07 |
EPS Pre
1.83%
EPS Post
1.28%
P/E Pre
33.95
P/E (Post Issue)
48.36x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 13.94 |
| ROCE % | 10.87 |
| Debt / Equity | 0 |
| RoNW % | 13.94 |
| PbW | 3.39 |
| Pat Margin % | 6.69 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 196000 | 5.04 | 0 |
| Qualified Institutions | 186000 | 4.79 | 0 |
| Non-Institutional | 1752000 | 45.08 | 0 |
| Retail Investors | 1752000 | 45.08 | 0 |
| Total | 3886000 | 100 | 0 |
Subscription Status ( Tue, 24 Sep 24 12:17 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 186000 | 8004000 | 43.03x |
| Non-Institutional | 1752000 | 39574000 | 22.59x |
| Retail Investors | 1752000 | 106948000 | 61.04x |
| Total | 3690000 | 154526000 | 41.88x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 124,000.00 |
| Retail (Max) | 1 | 2,000 | 124,000.00 |
| S-HNI (Min) | 2 | 4,000 | 248,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Khandwala Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
BikeWo GreenTech IPO is a Book-building IPO worth ₹24.09 crores. The price band is ₹59 to 62 per share. The IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The BikeWo GreenTech IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024
BikeWo GreenTech IPO Price Band is ₹59 to 62.
BikeWo GreenTech IPO lot size is 2000, and the minimum amount required for application is ₹248000.
The minimum investment for BikeWo GreenTech IPO is approximately ₹248000 based on the upper price band.
To apply for the BikeWo GreenTech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Sep 24, 2024. After submission, funds are blocked until the basis of allotment of BikeWo GreenTech IPO is finalised.
BikeWo GreenTech IPO issue size is ₹24.09 crores.
BikeWo GreenTech IPO allotment date is Sat, Jun 27, 2026.
The registrar for BikeWo GreenTech IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to BikeWo GreenTech IPO through their official website or helpline.
The BikeWo GreenTech IPO GMP (Grey Market Premium) is ₹7 as of Fri, Sep 27, 2024. Based on the upper price band of ₹62 per share, the estimated BikeWo GreenTech IPO listing price is ₹69, indicating a potential listing gain of approximately 31% over the issue price.