BikeWo GreenTech IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 20 Sep 2024
Close Date
Tue, 24 Sep 2024
Price Band
₹ 59 – 62
Lot Size
2000
Issue Size
₹ 24.09 Cr
Minimum Investment
₹ 248,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
BikeWo GreenTech IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹24.09 Crore, comprising a fresh issue of 38.86 Lakh equity shares aggregating to ₹24.09 Crore.
The BikeWo GreenTech IPO remained open for subscription from September 20, 2024, to September 24, 2024. The basis of allotment was finalized on September 25, 2024, and the company's shares were listed on NSE SME Platform on September 27, 2024.
The company had fixed the price band at ₹59 to ₹62 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹248,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Khandwala Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, BikeWo GreenTech Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
BikeWo GreenTech IPO Timeline (Tentative)
- IPO Open Date
- Fri, 20 Sep 24
- IPO Close Date
- Tue, 24 Sep 24
- Basis of Allotment
- Wed, 25 Sep 24
- Initiation of Refunds
- Thu, 26 Sep 24
- Credit of Shares to Demat
- Thu, 26 Sep 24
- Listing Date
- Fri, 27 Sep 24 — NSE & BSE
Open Date
20 September 2024
Close Date
24 September 2024
Basis Of Allotment
25 September 2024
Listing Date
27 September 2024
IPO Subscription
Check Live Subscription →The BikeWo GreenTech IPO has received bids for 15,45,26,000 shares against 36,90,000 shares offered, resulting in an overall subscription of 41.88x. the NII category is subscribed 22.59x, Retail Investors 61.04x, and QIBs 43.03x.
QIB
43.03x
NII
22.59x
RII
61.04x
Total
41.88x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,52,000 shares, representing 45.08% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,86,000 shares (4.79%), while Non-Institutional Investors (NIIs) receive 17,52,000 shares (45.08%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 196,000 | 5.04% |
| Qualified Institutions | 186,000 | 4.79% |
| Non-Institutional | 1,752,000 | 45.08% |
| Retail Investors | 1,752,000 | 45.08% |
| Total | 3,886,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
BikeWo GreenTech Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 13.94 |
| ROCE % | 10.87 |
| RoNW % | 13.94 |
| PbW | 3.39 |
| Pat Margin % | 6.69 |
Peers Comparison
No Peer Comparision Available
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.
BikeWo GreenTech Limited Address / Contact Details
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
BikeWo GreenTech IPO Lot Size
The BikeWo GreenTech IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,24,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,24,000.
| 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 |
Issue Reservation
- Market Maker — 5.04%
- QIB — 4.79%
- NII — 45.08%
- RII — 45.08%
Book Running Lead Managers
- Khandwala Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the BikeWo GreenTech 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.
When will the BikeWo GreenTech IPO open for subscription?
The BikeWo GreenTech IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024
What is BikeWo GreenTech IPO Price Band?
BikeWo GreenTech IPO Price Band is ₹59 to 62 per share.
What is BikeWo GreenTech IPO Lot Size?
BikeWo GreenTech IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹248000 based on the upper price band
What is the minimum investment for BikeWo GreenTech IPO?
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.
How to apply for BikeWo GreenTech IPO?
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.
What is BikeWo GreenTech IPO Issue Size?
BikeWo GreenTech IPO issue size is ₹24.09 crores.
What is the BikeWo GreenTech IPO Allotment Date?
BikeWo GreenTech IPO allotment date is Wed, Sep 25, 2024.
Who is the BikeWo GreenTech IPO Registrar?
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.
What is the BikeWo GreenTech IPO GMP?
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 11.29% over the issue price.
Who is the BikeWo GreenTech IPO Lead Manager?
The book-running lead managers (BRLMs) for the BikeWo GreenTech IPO are Khandwala Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the BikeWo GreenTech IPO Red Herring Prospectus (RHP).