BikeWo Green Tech IPO Details: BikeWo Green Tech IPO is set to open on September 18, 2024, and will close on September 20, 2024. This IPO follows the Book Built Issue format. The company aims to raise approximately ₹24.09 crores through this IPO, which includes a fresh issue of ₹24.09 crores and an offer for sale of up to [.] equity shares with a face value of ₹10 each.
The IPO is priced within a band of ₹59 to ₹62 per share. The allocation for retail investors is set at 35%, for Qualified Institutional Buyers (QIB) at 50%, and for High Net-worth Individuals (HNI) at 15%. The IPO is scheduled to list on the NSE SME platform on September 25, 2024, with the allotment date being September 23, 2024.
In terms of financial performance, BikeWo Green Tech reported a revenue of ₹20.62 crores in 2023, up from ₹13.92 crores in 2022. The company’s profit stood at ₹0.10 crores in 2023, compared to a profit of ₹0.15 crores in the previous year. Based on these financials, IPO investors may consider a long-term perspective when applying for this IPO.
BikeWo Green Tech IPO Objectives:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- 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 (Apply or Not)
- Update soon
BikeWo Green Tech IPO Date & Price Band Details:
| IPO Open Date: | September 18, 2024 |
| IPO Close Date: | September 20, 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 Lot Size:
The minimum lot size for the BikeWo Green Tech IPO is 2,000 shares, requiring a minimum application amount of ₹1,24,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹124,000 |
| Retail Maximum | 1 | 2000 | ₹124,000 |
| HNI Minimum | 2 | 4000 | ₹248,000 |
BikeWo Green Tech IPO Timeline:
The BikeWo Green Tech IPO will open for subscription on September 18, 2024, and close on September 20, 2024. The allotment of shares will be finalized on September 23, 2024, with the IPO listing scheduled for September 25, 2024.
| 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 |
BikeWo Green Tech IPO GMP Today:
The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Promoters of BikeWo Green Tech IPO
The promoters of BikeWo Green Tech Limited are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy, and Manvi Talwar.
About BikeWo Green Tech Limited
BikeWo Green Tech Limited is a leading two-wheeler retailer in India, established in 2016. The company has maintained a steady revenue stream since its inception. Initially, BikeWo Green Tech was involved in the business of buying and selling pre-owned four-wheelers from authorized dealers of renowned automobile brands (“New Car Dealers”). In this segment, they facilitate the trade of used cars by acquiring vehicles from New Car Dealers and working with customers interested in selling or exchanging their current vehicles for new ones.
BikeWo Green Tech has developed a comprehensive network that covers all aspects of automobile purchasing. This includes searching for vehicles based on buyer preferences, price negotiations, booking, certification, financing, doorstep delivery, and more. Acting as a key intermediary between New Car Dealers and designated used car lots, the company supplies used cars for sale and earns a margin on each transaction.
Their business model emphasizes establishing a dealership network across Tier-II and Tier-III cities. Currently, they offer three types of dealership models to their partners: (i) State Dealership, (ii) Diamond Dealership, and (iii) Platinum Dealership. Before entering new markets, the company focuses on strengthening its presence in existing ones. This strategy has enabled them to establish a strong brand presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. Moving forward, the company plans to expand its dealership network in these regions further and gradually enter new markets such as Rajasthan, Kerala, Karnataka, and West Bengal, aligning with their cluster-focused growth strategy.
BikeWo Green Tech IPO Company Financial Report
The company reported revenue of ₹20.62 crores in 2023 against ₹13.92 crores in 2022. The company reported a profit of ₹0.10 crores in 2023 against a profit of ₹0.15 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹22.98 | ₹22.09 | ₹0.47 | ₹12.16 |
| 2022 | ₹13.92 | ₹12.80 | ₹0.15 | ₹14.97 |
| 2023 | ₹20.62 | ₹19.90 | ₹0.10 | ₹19.62 |
| Dec 2023 | ₹18.07 | ₹15.90 | ₹1.31 | ₹30.16 |
BikeWo Green Tech IPO Valuation – FY2023
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: | 1.36% |
| ROCE: | 2.64% |
| EBITDA Margin: | 3.26% |
| PAT Margin: | 0.48% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ₹0.19 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 1.35% |
| Net Asset Value (NAV): | ₹35.44 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
BikeWo Green Tech IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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: info@bikewo.in
Website: https://bikewo.in/
1. What are the opening and closing dates for the BikeWo Green Tech IPO?
The BikeWo Green Tech IPO will open on September 18, 2024, and close on September 20, 2024.
2. What is the issue size of the BikeWo Green Tech IPO?
The IPO aims to raise approximately ₹24.09 crores, which includes a fresh issue of ₹24.09 crores and an offer for sale of up to [.] equity shares.
3. What is the price band for the BikeWo Green Tech IPO?
The price band for the IPO is set between ₹59 and ₹62 per share.
4. What is the minimum lot size for the BikeWo Green Tech IPO?
The minimum market lot size is 2,000 shares, which means an investor needs to apply for a minimum of 2,000 shares, requiring an investment of ₹1,24,000.
5. On which exchange will the BikeWo Green Tech IPO be listed?
The BikeWo Green Tech IPO will be listed on the NSE SME platform.
6. What is the date for the allotment of BikeWo Green Tech IPO shares?
The allotment date for the IPO shares is scheduled for September 23, 2024.
7. When will the BikeWo Green Tech IPO shares be listed?
The IPO shares are expected to be listed on September 25, 2024.
8. What are the investor categories available for subscription?
The IPO is categorized as follows: 35% for Retail Individual Investors (RII), 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI).
9. Who are the promoters of BikeWo Green Tech Limited?
The promoters of the company are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy, and Manvi Talwar.
10. What is the financial performance of BikeWo Green Tech Limited?
For the financial year 2023, the company reported a revenue of ₹20.62 crores, compared to ₹13.92 crores in 2022. The net profit for 2023 was ₹0.10 crores, slightly lower than the ₹0.15 crores reported in 2022.
11. How can I apply for the BikeWo Green Tech IPO?
You can apply for the IPO through ASBA (Application Supported by Blocked Amount) available in your bank account, or via online platforms provided by your broker.
12. What is the business model of BikeWo Green Tech Limited?
BikeWo Green Tech Limited operates as a leading two-wheeler retailer and has a robust network for buying and selling pre-owned four-wheelers, acting as an intermediary between New Car Dealers and used car lot buyers.
13. What is the strategy for BikeWo Green Tech’s expansion?
The company focuses on expanding its dealership network in Tier-II and Tier-III cities. It aims to strengthen its presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat while gradually entering new markets like Rajasthan, Kerala, Karnataka, and West Bengal.
