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

BikeWo Green Tech IPO open date is September 20, 2024 and the IPO will close on September 24, 2024. BikeWo Green Tech IPO is a Book Built Issue. The company to raise around ₹24.09 crores via IPO that comprises fresh issue of ₹24.09 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

BikeWo Green Tech IPO price band is ₹59 to ₹62 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. BikeWo Green Tech IPO to list on NSE SME on September 27, 2024. The allotment of BikeWo Green Tech IPO date is September 25, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

BikeWo Green Tech IPO

Table of Contents


BikeWo Green Tech IPO Details

IPO Open Date:September 20, 2024
IPO Close Date:September 24, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹59 to ₹62 Per Share
Issue Size:Approx ₹24.09 Crores
Fresh Issue:Approx ₹24.09 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 ₹124,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹124,000
Retail Maximum12000₹124,000
HNI Minimum24000₹248,000

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 (“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

Period EndedRevenueExpenseProfit After TaxAssets
2022₹13.92₹12.80₹0.15₹14.97
2023₹20.62₹19.90₹0.10₹19.62
2024₹25.14₹22.16₹1.67₹31.51

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.

KPIValues
ROE:13.94%
ROCE:10.87%
EBITDA Margin:11.30%
PAT Margin:6.69%
Debt to equity ratio:NA
Earning Per Share (EPS):₹2.51 (Basic)
Price/Earning P/E Ratio:24.70
Return on Net Worth (RoNW):13.94%
Net Asset Value (NAV):₹18.31

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
NANANANANA– Cr.
NANANANANA– 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?

BikeWo Green Tech IPO is a SME IPO. The company is going to raise ₹24.09 Crores via IPO. The issue is priced at ₹59 to ₹62 pr equity share. The IPO is to be listed on NSE.

When BikeWo Green Tech IPO will open for subscription?

The IPO is to open on September 20, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 24, 2024.

What is BikeWo Green Tech IPO Investors Portion?

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

How to Apply the BikeWo Green Tech IPO?

You can apply for BikeWo Green Tech 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.

What is BikeWo Green Tech IPO Issue Size?

BikeWo Green Tech IPO issue size is ₹24.09 crores.

What is BikeWo Green Tech IPO Price Band?

BikeWo Green Tech IPO Price Band is ₹59 to ₹62.

What is BikeWo Green Tech IPO Lot Size?

The minimum bid is 2000 Shares with ₹124,000 amount.

What is the BikeWo Green Tech IPO Allotment Date?

BikeWo Green Tech IPO allotment date is September 25, 2024.

What is the BikeWo Green Tech IPO Listing Date?

BikeWo Green Tech IPO listing date is September 27, 2024. The IPO is to list on NSE.

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).
    Share the Post:
    Facebook
    Twitter
    LinkedIn

    Check out our in-depth IPO analysis, upcoming IPO details & get latest IPO GMP Updates on IPO Watch. Also, Watch our IPO Watch Youtube channel for latest IPO updates!. Also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    OPEN DEMAT ACCOUNT