BikeWo GreenTech IPO Date, Review, Price, Allotment Details

BikeWo GreenTech IPO is opening for subscription on September 20, 2024, and closing on September 24, 2024. This NSE SME IPO aims to raise ₹24.09 crores crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the BikeWo GreenTech IPO is fixed at ₹59 – ₹62 Per Share, with a market lot of 2000 share.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). BikeWo GreenTech IPO Allotment will done on September 25, 2024, and BikeWo GreenTech IPO listing date is September 27, 2024.

BikeWo GreenTech Company Profile

BikeWo Green Tech Limited is a prominent two-wheeler retailer in India, established in 2016. Initially focused on buying and selling used four-wheelers from authorized dealers, the company has evolved to offer a comprehensive network for automobile transactions. They provide services from vehicle search to doorstep delivery and act as intermediaries between new car dealers and buyers. The company aims to expand its dealership chain across Tier-II and Tier-III cities, with a current presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat, and plans to enter Rajasthan, Kerala, Karnataka, and West Bengal.

BikeWo GreenTech IPO GMP

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BikeWo GreenTech IPO Objectives

The funds raised through the IPO will be utilized for:

1. Funding the purchase of electric two-wheeler vehicles for new and existing dealers
2. Capital expenditure for setting up eleven new dealership stores across India
3. Repayment or prepayment of outstanding borrowings
4. General corporate purposes

BikeWo GreenTech IPO Key Details

• BikeWo GreenTech IPO Open Date: September 20, 2024
• BikeWo GreenTech IPO Close Date: September 24, 2024
• BikeWo GreenTech IPO Size: Approximately ₹24.09 crores crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• BikeWo GreenTech IPO Price Band: ₹59 – ₹62 Per Equity Share
• BikeWo GreenTech IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

BikeWo GreenTech IPO Timeline

• BikeWo GreenTech IPO Open Date: September 20, 2024
• BikeWo GreenTech IPO Close Date: September 24, 2024
• Basis of Allotment: September 25, 2024
• Refunds: September 26, 2024
• Credit to Demat Account: September 26, 2024
• BikeWo GreenTech IPO Listing Date: September 27, 2024

How to Apply for BikeWo GreenTech IPO

Investors can apply for the BikeWo GreenTech IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

BikeWo GreenTech Financial Performance (in Crores)

• Year 2021: Revenue ₹22.98, Expense ₹22.09, PAT ₹0.47, Assets ₹12.16
• Year 2022: Revenue ₹13.92, Expense ₹12.80, PAT ₹0.15, Assets ₹14.97
• Year 2023: Revenue ₹20.62, Expense ₹19.90, PAT ₹0.10, Assets ₹19.62
• Dec 2023: Revenue ₹18.07, Expense ₹15.90, PAT ₹1.31, Assets ₹30.16

BikeWo GreenTech Valuation FY2024

• Return on Equity (ROE): 1.36%
• Return on Capital Employed (ROCE): 2.64%
• EBITDA Margin: 3.26%
• PAT Margin: 0.48%
• Debt to Equity Ratio: Not Applicable
• Earnings Per Share (EPS): ₹0.19 (Basic)
• Return on Net Worth (RoNW): 1.35%
• Net Asset Value (NAV): ₹35.44

BikeWo GreenTech Peer Group

• No direct peer group comparisons are available.

BikeWo GreenTech Company Promoters

• Katepalli Manideep
• Satyapoorna Chander Yalamanchili
• N Vidhya Sagar Reddy
• Manvi Talwar.

BikeWo GreenTech IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

BikeWo GreenTech IPO Allotment Status Check

• Check the BikeWo GreenTech IPO allotment status on the Bigshare Serviceswebsite.

BikeWo GreenTech IPO Allotment Link

• Check the BikeWo GreenTech IPO allotment on the Check Ipo Allotment website.

BikeWo GreenTech IPO Lead Managers (Merchant Bankers)

• Khandwala Securities Limited

BikeWo GreenTech Company Address

Plot No. 502B, Amara Jyothi, Road No. 31,
Jubilee Hills Hyderabad,
Telangana -500 033 India
Website: https://bikewo.in/
Phone: +91 8121007731
Email: info@bikewo.in

BikeWo GreenTech IPO FAQs

What is BikeWo GreenTech IPO?

BikeWo GreenTech IPO is an NSE SME IPO. They are going to raise ₹24.09 crores crores via IPO. The issue is priced at ₹59 – ₹62 Per equity share. The IPO is to be listed on NSE.

When will the BikeWo GreenTech IPO open?

The IPO is to open on September 20, 2024, for NII, and Retail Investors.

What is BikeWo GreenTech IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

How to Apply for the BikeWo GreenTech IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

How to Apply the BikeWo GreenTech IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

How to Apply for the BikeWo GreenTech IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

What is BikeWo GreenTech IPO Size?

BikeWo GreenTech IPO size is ₹24.09 crores crores.

What is BikeWo GreenTech IPO Price Band?

BikeWo GreenTech IPO Price Band is ₹59 – ₹62 Per equity share.

What is BikeWo GreenTech IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 share with ₹124,000.

What is BikeWo GreenTech IPO Allotment Date?

BikeWo GreenTech IPO allotment date is September 25, 2024.

What is BikeWo GreenTech IPO Listing Date?

BikeWo GreenTech IPO listing date is September 27, 2024. The IPO to list on NSE SME IPO.