BikeWo Green Tech IPO Date, Review, Price, Allotment Details

BikeWo Green Tech IPO Details

BikeWo Green Tech IPO IPO Market Lot

The BikeWo Green Tech IPO minimum market lot is 2000 shares with ₹124,000 application amount.

BikeWo Green Tech IPO Dates

The BikeWo Green Tech IPO date is September 20 and the close date is September 24. The BikeWo Green Tech IPO allotment will be finalized on September 25 and the IPO listing on September 27.

Promoters of BikeWo Green Tech IPO

The promoters of the company are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy and Manvi Talwar.

About BikeWo Green Tech IPO

BikeWo Green Tech Limited is the leading two-wheeler retailer in India. They started their business operations in the year 2016 and their revenue from operations has been steady since then. The company had been engaged in the business of buying and selling used four-wheelers from authorized dealers of reputed automobile brands (“New Car Dealers”). As part of their pre-owned vehicle sale business, they receive used cars from New Car Dealers, also approaching prospective customers, who wish to sell or exchange their existing vehicles for a new vehicle. They have developed a new network that undertakes every element of automobile buying from searching for a vehicle such as buyers’ requirements, price, booking, certification to purchase and financing, doorstep delivery, and more. They act as the best intermediate channel between the New Car Dealers and their designated park for selling used car lots, by supplying the used cars for sale and earning a margin during the sale of such cars. They have the best business model which focuses on creating a dealership chain across Tier-II and Tier-III cities.

Currently, there are 3 types of dealerships to their dealers; (i) State Dealership; (ii) Diamond Dealership; and (iii) Platinum Dealership. They focus on covering their presence in the regions they operate in before venturing into new markets which has led them to establish brand presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat markets. The company plans to continue to deepen its chain store network in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat; and also gradually plans to expand its business network in Rajasthan, Kerala, Karnataka, and West Bengal in pursuing our defined cluster-focused expansion strategy.

BikeWo Green Tech IPO Company Financial Report

The company reported revenue of ₹25.14 crores in 2024 against ₹20.62 crores in 2023. The company reported a profit of ₹1.67 crores in 2024 against a profit of ₹0.10 crores in 2023.

Amount ₹ in Crores

BikeWo Green Tech IPO Valuation – FY2024

Check BikeWo Green Tech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• 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 Green Tech IPO Review

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BikeWo Green Tech IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html

IPO Lead Managers aka Merchant Bankers

• Khandwala Securities Limited

Company Address

BikeWo Green Tech Limited
Plot No. 502B, Amara Jyothi
Road No. 31, Jubilee Hills
Hyderabad-500033
Phone: +91 8121007731
Email: [email protected]
Website: https://bikewo.in/

BikeWo Green Tech IPO FAQs