Bikewo Green Tech Ltd
Price Range
₹59 - ₹62
Min. Quantity
2,000
Closes on
24 September 2024
Min. investment
₹1,24,000/2,000 Shares
Bikewo Green Tech Ltd IPO Timeline
Bikewo Green Tech Limited was incorporated on December 9, 2016 as Right Choice Automobiles Private Limited', a Private Limited Company, pursuant to a Certificate of Incorporation issued by the Deputy Registrar of Companies, Registrar of Companies Central Registration Centre. Subsequently, the Company name was changed to Right Automobiles Private Limited' dated February 14, 2017 issued by the Registrar of Companies, at Hyderabad. Again, the Company name changed to Bikewo Green Tech Private Limited' and a fresh certificate of incorporation dated March 25, 2022 was issued by the Registrar of Companies, Telangana at Hyderabad. As a result of this, Company got converted into a Public Limited Company and the name of Company was changed to Bikewo Green Tech Limited' and a fresh Certificate of Incorporation dated December 14, 2023 was issued by the Registrar of Companies, Telangana at Hyderabad.
| Event | Date |
|---|---|
| Bikewo Green Tech Ltd IPO Opening Date | 20 September 2024 |
| Bikewo Green Tech Ltd IPO Closing Date | 24 September 2024 |
| Basis of Allotment | 25 September 2024 |
| Initiation of Refunds | 26 September 2024 |
| Credit of Shares to Demat | 26 September 2024 |
| Bikewo Green Tech Ltd IPO Listing Date | 27 September 2024 |
Bikewo Green Tech Ltd IPO Details
| Bikewo Green Tech Ltd IPO Date | 20 September 2024 to 24 September 2024 |
| Bikewo Green Tech Ltd IPO Face Value | ₹10 per share |
| Bikewo Green Tech Ltd IPO Price | ₹59 to ₹62 per share |
| Bikewo Green Tech Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹24.09 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹24.09 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Katepalli Mandeep, Satyapoorna Chandra Yalamanchi, N Vidhya Sagar Reddy |
Bikewo Green Tech Ltd IPO Lot Size
The Bikewo Green Tech Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,24,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,24,000 |
| Maximum | 1 | 2,000 | ₹1,24,000 |
- Strengths
- Risks
- Opportunities
- Leading EV dealership for major OEMs with a strong focus on high growth segments.
- Its existing Network and Storage Capabilities.
- Dealership network and presence across various states.
- Growing presence in after-sales segment leading predictable growth in revenues and superior margins.
- Diverse market presence.
- Robust business processes leveraging digitalization.
- Experienced Promoter and professional management team with technical expertise.
Company Financials
Bikewo Green Tech Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 31.51 | 25.14 | 1.67 |
| 03-2023 | 19.62 | 20.62 | 0.10 |
| 03-2022 | 14.97 | 13.92 | 0.15 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding purchase of electric two wheeler vehicles for selling and supplying same to its new and existing dealers
- Funding capital expenditure proposed to be incurred towards setting up of eveven dealership store in various states in india
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Bikewo Green Tech Ltd IPO Promoter Holding
| Pre Issue Share Holding | 5.01% |
| Post Issue Share Holding | 3.52% |
Bikewo Green Tech Ltd IPO Subscription Status (Bidding Detail)
The Bikewo Green Tech Ltd IPO is subscribed 39.8338 times on 24 September 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 39.8338 |
Bikewo Green Tech Ltd IPO Prospectus
Bikewo Green Tech Ltd IPO Listing Date
| Listing Date | 27 September 2024 |
| BSE Script | 92986 |
| NSE Symbol | BIKEWO |
| Listing In | NSE - SME |
| ISIN | INE0SQH01013 |
| IPO Price | ₹62 |
| Face Value | ₹10 |
Company Contact Information
Plot# 502B Amara Jyothi Rd.#31Jubilee Hills,Hyderabad-500033
Phone: +91 812 100 7731
Email: info@bikewo.in
Website: www.bikewo.in
Bikewo Green Tech Ltd IPO Registrar
Bikewo Green Tech Ltd IPO Lead Manager(s)
- Khandwala Securities Ltd
FAQ
What is the issue size of Bikewo Green Tech Ltd IPO?
I have pre-applied for Bikewo Green Tech Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.