The BikeWo GreenTech IPO is scheduled to open on September 18, 2024, and will close on September 20, 2024. Notably, this IPO follows a book-built issue format. Consequently, the company aims to raise approximately ₹24.09 crores. This amount includes a fresh issue of ₹24.09 crores, along with an offer for sale of equity shares, each with a face value of ₹10.
Table of contents
- BikeWo GreenTech IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- BikeWo GreenTech IPO GMP (Grey Market Premium)
- BikeWo GreenTech IPO Application Form PDF
- BikeWo GreenTech IPO Subscription Status
- BikeWo GreenTech IPO Allotment Status
- IPO Review
- BikeWo GreenTech IPO Registrar
- BikeWo GreenTech IPO Lead Manager
- BikeWo GreenTech IPO Limited Contact
- FAQs
BikeWo GreenTech IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | BikeWo GreenTech Limited |
| Industry | Automotive |
| IPO Issue Type | Book Built Issue |
| Open Date | September 18, 2024 |
| Close Date | September 20, 2024 |
| Total Issue Size | ₹24.09 Crores (3,886,000 Equity Shares) |
| Fresh Issue | ₹24.09 Crores (3,886,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹59 to ₹62 per share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
BikeWo Green Tech Limited is a leading two-wheeler retailer in India and began its operations in 2016. Since then, the company has maintained steady revenue from its activities. Initially, the company was engaged in buying and selling used four-wheelers through authorized dealers of renowned automobile brands. Over time, BikeWo Green Tech has developed a comprehensive network that covers every aspect of automobile transactions. This includes searching for vehicles, determining prices, booking, certifying, purchasing, financing, and delivering vehicles to customers’ doorsteps.
Furthermore, BikeWo Green Tech acts as an intermediary between new car dealers and their used car lots, supplying used cars for sale and earning a margin on each transaction. Their business model focuses on establishing a dealership chain in Tier-II and Tier-III cities.
Currently, the company offers three types of dealerships: State Dealership, Diamond Dealership, and Platinum Dealership. They prioritize strengthening their presence in established markets such as Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. Consequently, BikeWo Green Tech plans to deepen its network in these regions while also gradually expanding into Rajasthan, Kerala, Karnataka, and West Bengal as part of their cluster-focused expansion strategy.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 18, 2024 |
| IPO Close Date | September 20, 2024 |
| Basis of Allotment | September 23, 2024 |
| Refunds | September 24, 2024 |
| Credit to Demat Account | September 24, 2024 |
| IPO Listing Date | September 25, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 12 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹3,016.07 | ₹1,962.4 | ₹1,497.41 | ₹1,216.1 |
| Revenue | ₹1,807.2 | ₹2,061.86 | ₹1,391.71 | ₹2,297.71 |
| Profit After Tax | ₹130.94 | ₹9.8 | ₹15.19 | ₹47.27 |
| Net Worth | ₹1,640.43 | ₹723.14 | ₹713.34 | ₹365.25 |
| Total Borrowing | ₹1,375.64 | ₹1,239.26 | ₹784.07 | ₹850.85 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4000 | ₹248,000 |
The objective of the Issue
- Firstly, it will be used to purchase electric two-wheeler vehicles, which will then be sold and supplied to both new and existing dealers.
- Additionally, a portion of the funds will cover capital expenditure for setting up eleven new dealership stores across various states in India.
- Furthermore, the funding will facilitate the prepayment or repayment of all or part of the company’s outstanding borrowings.
- Lastly, any remaining funds will be directed toward general corporate purposes.
Company Promoters
- Mr. Katepalli Manideep
- Mr. Satyapoorna Chander Yalamanchili
- Mr. N Vidhya Sagar Reddy
- Mrs. Manvi Talwar
BikeWo GreenTech IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the BikeWo GreenTech IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including BikeWo GreenTech Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
BikeWo GreenTech IPO Application Form PDF
To download the BikeWo GreenTech IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
BikeWo GreenTech IPO Subscription Status
This IPO subscription kicks off on September 18, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
BikeWo GreenTech IPO Allotment Status
To check the BikeWo GreenTech IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- BikeWo Green Tech holds a prominent position in the electric two-wheeler retail market, which provides it with a significant competitive advantage.
- Moreover, The company is actively expanding its dealership network across various states, thereby increasing its market reach.
- Its comprehensive business model encompasses every aspect of vehicle purchasing, sales, and financing, offering a complete solution for customers and dealers.
- Furthermore, By focusing on electric vehicles, BikeWo Green Tech aligns itself with the growing demand for sustainable and eco-friendly transportation options.
- Since starting operations in 2016, the company has demonstrated steady revenue growth and operational stability.
Risks:
- The company’s performance is heavily influenced by overall automotive market conditions and the fluctuating demand for electric vehicles.
- Significant capital expenditure is required for expanding and establishing new dealerships, which could impact financial stability if not managed properly.
- Additionally, The electric vehicle market is highly competitive, with both new and established players fighting for market share.
- Expanding into new regions involves logistical and operational challenges that could affect the company’s efficiency and profitability.
- The reliance on individual dealers for the success of the dealership network introduces operational risks, which may impact overall performance.
BikeWo GreenTech IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
BikeWo GreenTech IPO Lead Manager
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 4076 7373
Email: rinav@kslindia.com/ipo@kslindia.com
Website: www.kslindia.com
BikeWo GreenTech IPO Limited Contact
BIKEWO GREEN TECH LIMITED
Plot No. 502B, Amara Jyothi,
Road No. 31, Jubilee Hills,
Hyderabad – 500 033, Telangana
Phone: +91 – 812 100 7731
E-mail: info@bikewo.in
Website: https://bikewo.in/
FAQs
BikeWo Green Tech’s offer size ranges from ₹22.93 crores to ₹24.09 crores.
Furthermore, The price band for the BikeWo Green Tech public offer is set between ₹59 and ₹62 per share.
The lot size for the BikeWo Green Tech IPO is 2,000 shares.
The investor allocation for the BikeWo Green Tech IPO is as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.
Additionally, You can apply for the BikeWo Green Tech IPO online through ASBA via your bank account. Alternatively, you can apply via UPI through your stockbroker. Additionally, you have the option to apply by filling out an offline form through your stockbroker.
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