BikeWo Green Tech IPO Details
| IPO Open Date: | September 20, 2024 |
| IPO Close Date: | September 24, 2024 |
| Face Value: | ā¹10 Per Equity Share |
| IPO Price Band: | ā¹59 to ā¹62 Per Share |
| Issue Size: | Approx ā¹24.09 Crores |
| Fresh Issue: | Approx ā¹24.09 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
BikeWo Green Tech IPO IPO Market Lot
The BikeWo Green Tech IPO minimum market lot is 2000 shares with ā¹124,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ā¹124,000 |
| Retail Maximum | 1 | 2000 | ā¹124,000 |
| HNI Minimum | 2 | 4000 | ā¹248,000 |
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.
| IPO Open Date: | September 20, 2024 |
| IPO Close Date: | September 24, 2024 |
| Basis of Allotment: | September 25, 2024 |
| Refunds: | September 26, 2024 |
| Credit to Demat Account: | September 26, 2024 |
| IPO Listing Date: | September 27, 2024 |
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 (āNew Car Dealersā). 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 ā¹25.14 crores in 2024 against ā¹20.62 crores in 2023. The company reported a profit of ā¹1.67 crores in 2024 against a profit of ā¹0.10 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹13.92 | ā¹12.80 | ā¹0.15 | ā¹14.97 |
| 2023 | ā¹20.62 | ā¹19.90 | ā¹0.10 | ā¹19.62 |
| 2024 | ā¹25.14 | ā¹22.16 | ā¹1.67 | ā¹31.51 |
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.
| KPI | Values |
| ROE: | 13.94% |
| ROCE: | 10.87% |
| EBITDA Margin: | 11.30% |
| PAT Margin: | 6.69% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ā¹2.51 (Basic) |
| Price/Earning P/E Ratio: | 24.70 |
| Return on Net Worth (RoNW): | 13.94% |
| Net Asset Value (NAV): | ā¹18.31 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
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
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
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
What is BikeWo Green Tech IPO?
When BikeWo Green Tech IPO will open for subscription?
What is BikeWo Green Tech IPO Investors Portion?
How to Apply the BikeWo Green Tech IPO?
What is BikeWo Green Tech IPO Issue Size?
What is BikeWo Green Tech IPO Price Band?
What is BikeWo Green Tech IPO Lot Size?
What is the BikeWo Green Tech IPO Allotment Date?
What is the BikeWo Green Tech IPO Listing Date?
Note: The BikeWo Green Tech IPO price band and date are officially announced. The (BikeWo Green Tech IPO grey market premium) will be added to the IPO GMP page as it will start).
