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Bikewo Green Tech Ltd

Automobile

Offer Period :

20th to 24th Sep 2024

BikeWo Green Tech Limited, founded in 2016, is a leading two-wheeler retailer in India. Initially focusing on buying and selling used four-wheelers from authorized dealers, Read more...they have now developed a comprehensive network for all aspects of automobile transactions, including searching, booking, certification, financing, and delivery. The company operates through State, Diamond, and Platinum Dealerships and has established a presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. They aim to expand further into Rajasthan, Kerala, Karnataka, and West Bengal. Read less

Bikewo Green Tech Ltd IPO Details

IPO Date 20th to 24th Sep 2024 Minimum Investment ₹124000 / 1 Lots
Listing Date 2024-09-27 Maximum Investment ₹124000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹24.09 Crores
Price ₹62 to ₹62 per share Fresh Issue ₹24.09 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 20th to 24th Sep 2024
Listing Date 2024-09-27
Face Value ₹10 per share
Price ₹62 to ₹62 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹124000 / 1 Lots
Maximum Investment ₹124000 / 1 Lots
Total Issue Size ₹24.09 Crores
Fresh Issue ₹24.09 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

20th Sep

IPO Starts

24th Sep

IPO Ends

25th Sep

Allotment Date

26th Sep

Initiation of Refund

26th Sep

Credit of Shares to Demat Account

27th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 89 62.48
Public Group 11 37.52

Bikewo Green Tech Ltd IPO Reservation

QIB Shares Offered 186000(4.79%)
NII (HNI) Shares Offered 1752000(45.08%)
Retail Shares Offered 1752000(45.08%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3886000
Total Shares With Anchor Investor 3886000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Bikewo Green Tech Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 226 263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Bikewo Green Tech Ltd IPO Lead Manager

1. Khandwala Securities Ltd

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Bikewo Green Tech Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 1,86,000 1,86,000 20,788.0
Non Institutional Investors 19,48,000 80,90,000 20,788.0
Retail Individual Investors (RIIs) 17,52,000 4,14,62,000 20,788.0
Total 38,86,000 4,97,38,000 20,788.0

Strength of Bikewo Green Tech Ltd

1. Leading EV dealership for major OEMs with a strong focus on high growth segments.

2. Its existing Network and Storage Capabilities.

3. Dealership network and presence across various states.

4. Growing presence in after-sales segment leading predictable growth in revenues and superior margins.

5. Diverse market presence.

6. Robust business processes leveraging digitalization.

7. Experienced Promoter and professional management team with technical expertise.

Risks Involved

1. As part of its growth strategy, the company intend to expand the company's business operations to geographical areas in which the company has limited operation history. Its cannot assure you that the company expansion plans will be profitable or that such expansion will not adversely affect its business, results of operations and financial condition.

2. The company significantly relies on trading and dealerships of multi-brand Electric Vehicles, and any interruption in the said business segment may adversely affect its business and results of operations.

3. The company depends on its dealers for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key intermediaries may adversely affect its business and results of operations.

4. The company propose to use a part of the Net Proceeds of the Issue towards funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India. The company is yet to purchase real estate or enter into long-term leasehold arrangements or enter into rental agreements at locations suitable for new stores for its expansion in relation to setting up and operation of its proposed new stores. In case the company is unable to open the stores in a timely manner as mentioned in the chapter "Objects of the Issue", its may fall short of the revenue targets of the Company and this would have an adverse effect on its business, financial condition, results of operations and growth prospects.

5. The company plan to expand into new geographies and may be exposed to significant liability and could lose some or all of its investment in such regions, as a result of which the company's business, financial condition and results of operations could be adversely affected.

6. The Company is dependent on external suppliers for its product requirements. Any delay or failure on the part of the external suppliers to deliver products, may materially and adversely affect its business, profitability and reputation.

7. A large part of its revenues is dependent on a limited number of brands. The loss of any of its major brands or a decrease in the supply or volume from such brands, will materially and adversely affect its revenues and profitability.

8. The company operates in a competitive industry and its market share may be adversely impacted in case the company does not keep ourselves appraised of the latest consumer trends and technology and if the company fail to compete effectively in the markets in which the company operates.

9. Its inability to promptly identify and respond to changing customer preferences or evolving trends may decrease the demand for its merchandise among its customers, which may adversely affect the company's business.

10. Its stores are concentrated mainly in Telangana and Andhra Pradesh, and the company generate majority of its retail sales from the company stores in these states. Any adverse developments affecting its operations in these states could have an adverse impact on its revenue and results of operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Bikewo Green Tech Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-27 92986 BIKEWO
INE0SQH01013
₹62 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹62 ₹62
Open ₹0 ₹45
Low ₹0 ₹45
High ₹0 ₹47.25
Low ₹0 ₹45

Frequently Asked Questions

What is Bikewo Green Tech Ltd IPO?

Answer Field

Bikewo Green Tech Ltd IPO is a SME IPO of 38,86,000 equity shares of a face value of ₹10 aggregating up to ₹24.09 Crores. The issue is priced at ₹62 to ₹62 per share. The minimum order quantity is 2000 Shares. The IPO opens on September 20, 2024, and closes on September 24, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Bikewo Green Tech Ltd IPO will open?

Answer Field

The Bikewo Green Tech Ltd IPO opens on September 20, 2024 and closes on September 24, 2024.

What is the lot size of Bikewo Green Tech Ltd?

Answer Field

Bikewo Green Tech Ltd lot size is 2000 shares, and the minimum amount required is ₹1,24,000.

How to apply for Bikewo Green Tech Ltd IPO?

Answer Field

You can apply in Bikewo Green Tech Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Bikewo Green Tech Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Bikewo Green Tech Ltd IPO will be done on September 25, 2024, and the allotted shares will be credited to your demat account by September 26, 2024.

When is Bikewo Green Tech Ltd IPO listing date?

Answer Field

The Bikewo Green Tech Ltd listing date is September 27, 2024.

Who is the registrar of Bikewo Green Tech Ltd IPO?

Answer Field

The registrar of Bikewo Green Tech Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Khandwala Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Bikewo Green Tech Ltd IPO?

Answer Field

The fresh issue size is ₹24.09 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Bikewo Green Tech Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,24,000 amount.

How can I approve the UPI mandate request for Bikewo Green Tech Ltd IPO?

Answer Field

To apply for Bikewo Green Tech Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Bikewo Green Tech Ltd?

Answer Field

The price of each Bikewo Green Tech Ltd share will be ranging in between ₹62 to ₹62 per share.

What is the cut-off time for the UPI mandate for Bikewo Green Tech Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 24, 2024.

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