BikeWo GreenTech Limited IPO
- IPO Date18 Sep, 2024 to 20 Sep, 2024
- Listing Date25 Sep, 2024
- Face Value₹10 per share
- Issue Price₹59 to ₹62 per share
- Lot Size2000 Shares
- Minimum Investment₹1,24,000
- Listing AtNSE SME
- Total Issue Size38,86,000 Shares
(aggregating up to ₹24.09 Cr) - Fresh Issue38,86,000 Shares
(aggregating up to ₹24.09 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue91,57,250
- Shareholding post issue1,30,43,248
IPO Dates
Closing Date
20 Sep, 2024
Initiation of Refunds
24 Sep, 2024
Listing Date
25 Sep, 2024
18 Sep, 2024
Opening Date
23 Sep, 2024
Basis of Allotment
24 Sep, 2024
Credit of Shares
BikeWo GreenTech Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 4000 | ₹2,48,000 |
| Retail (Min) | 1 | 2000 | ₹1,24,000 |
| Retail (Max) | 1 | 2000 | ₹1,24,000 |
BikeWo GreenTech Limited Promoter Holding
The company's promoters are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy and Manvi Talwar.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 89% | 62.48% |
BikeWo GreenTech Limited COMPANY INFORMATION
BikeWo GreenTech IPO is a book built issue of Rs 24.09 crores. The issue is entirely a fresh issue of 38.86 lakh shares. BikeWo GreenTech IPO opens for subscription on September 18, 2024 and closes on September 20, 2024. The allotment for the BikeWo GreenTech IPO is expected to be finalized on Monday, September 23, 2024. BikeWo GreenTech IPO will list on NSE SME with tentative listing date fixed as Wednesday, September 25, 2024. BikeWo GreenTech IPO price band is set at ₹59 to ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000. Khandwala Securities Limited is the book running lead manager of the BikeWo GreenTech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to BikeWo GreenTech IPO RHP for detailed information.
Incorporated in December 2006,Bikewo Green Tech Limited is a electric two wheeler retailer in India.
The company's brand is in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat.
The company operate its business activities through dealership models. They offer three types of dealerships to their dealers;
- State Dealership;
- Diamond Dealership; and
- Platinum Dealership
The company plans to open stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore and Trivandrum.
As of January 31, 2024, the Company had 36 employees on payroll.
Competitive Strength
- Premium EV retail business in India with dealerships for brands such as Ola Electric, Quantum escooters, Bounce, GT-Force, etc
- Unique Business Model with presence in various states across India
- Continued expansion in the after-sales segment is driving steady revenue growth and higher profit margins.
FAQs About Bikewo Greentech Limited Ipo
BikeWo GreenTech Limited IPO will open on 18 Sep, 2024 and close on 20 Sep, 2024. Investors must apply within this period to participate.
The BikeWo GreenTech Limited IPO price band is set between ₹59.00 and ₹62.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹124000.00.
The BikeWo GreenTech Limited IPO shares are expected to be listed on 25 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your BikeWo GreenTech Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The BikeWo GreenTech Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.