BikeWo GreenTech IPO Details
The BikeWo GreenTech IPO is a book build issue with a total issue size of ₹24.09 cr, comprising of fresh issue of 3886000 equity shares. BikeWo GreenTech IPO opened for subscription on Sep 20, 2024 and closed on Sep 24, 2024. BikeWo GreenTech IPO is set price band at ₹59 to ₹62 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹248,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 25, 2024, and listed on the NSE on Sep 27, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Khandwala Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the BikeWo GreenTech IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 59 – 62
- Lot Size
- 2000
- Issue Size
- ₹24.09 Cr
- Minimum Investment
- ₹248000 (4000 Shares)
- Listing Date
- 27 September 2024
Current GMP
₹7 (+11.29%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About BikeWo GreenTech Limited
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.
BikeWo GreenTech IPO 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%
BikeWo GreenTech IPO Objective
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
Book Running Lead Managers
- Khandwala Securities Limited
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 with a total issue size of ₹24.09 crore. The BikeWo GreenTech IPO price band is ₹59 to 62 per share. The BikeWo GreenTech IPO subscription opens on Fri, Sep 20, 2024, and closes on Tue, Sep 24, 2024. The BikeWo GreenTech IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the BikeWo GreenTech IPO.
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 per share.
BikeWo GreenTech IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹248000 based on the upper price band
The minimum investment for BikeWo GreenTech IPO is ₹248000, based on one lot of 2000 shares at the upper price band of ₹62 per share.
Investors can apply for the BikeWo GreenTech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 24, 2024. The application amount remains blocked until the BikeWo GreenTech IPO allotment is finalized.
BikeWo GreenTech IPO issue size is ₹24.09 crores.
BikeWo GreenTech IPO allotment date is Wed, Jul 1, 2026.
The registrar for BikeWo GreenTech IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check BikeWo GreenTech IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.