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BikeWo GreenTech Limited IPO (BikeWo GreenTech IPO) Details

BikeWo GreenTech Limited

BikeWo GreenTech IPO's overview

BikeWo GreenTech IPO is a book built issue of ₹24.09 Cr (24,09,32,000). The issue includes a fresh issue of 38.86 Lakh (38,86,000) shares aggregating to ₹24.09 Cr (24,09,32,000).

BikeWo GreenTech IPO bidding started from Sep 20, 2024 and ended on Sep 24, 2024. The allotment for BikeWo GreenTech IPO was finalized on Sep 25, 2024. The shares got listed on NSE on Sep 27, 2024.

BikeWo GreenTech IPO price band is set at ₹59 to ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹1.18 Lakh (1,18,000).

Refer to BikeWo GreenTech IPO RHP for detailed information.

  • IPO date

    Sep 20,2024 - Sep 24,2024

  • Listing Date

    Sep 27,2024

  • Face value

    ₹10

  • Price Band

    ₹59 to ₹62 per share

  • Lot

    ₹2000 Shares

  • Total Issue Size

    38.86 Lakh (38,86,000)

    aggregating up to ₹24.09 Cr (24,09,32,000)

  • Fresh Issue

    38.86 Lakh (38,86,000)

    aggregating up to ₹24.09 Cr (24,09,32,000)

  • Issue Type

    Book Building

  • IPO Type

    SME

  • Listing At

    NSE

  • Fri, Sep 20, 2024

    IPO Open

  • Tue, Sep 24, 2024

    IPO Close

  • Wed, Sep 25, 2024

    Basis of Allotment

  • Thu, Sep 26, 2024

    Initiation of Refunds

  • Thu, Sep 26, 2024

    Credit of Shares to Demat

  • Fri, Sep 27, 2024

    Listing

BikeWo GreenTech IPO Day-wise IPO GMP Trend

BikeWo GreenTech IPO last GMP is ₹7, last updated Sep 26,2024. With the price band of 62.00, BikeWo GreenTech IPO's estimated listing price is ₹69 (cap price + today's GMP).The expected percentage gain/loss per share is 11.29%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
26-Sep-2462.007
69(11.29%)26-Sep-2024 15:25
25-Sep-2462.007
69(11.29%)25-Sep-2024 23:30
24-Sep-2462.007
69(11.29%)24-Sep-2024 23:30
23-Sep-2462.0020
82(32.26%)23-Sep-2024 23:24
22-Sep-2462.0015
77(24.19%)22-Sep-2024 23:32
21-Sep-2462.0015
77(24.19%)21-Sep-2024 23:23
20-Sep-2462.0015
77(24.19%)20-Sep-2024 23:27
19-Sep-2462.0010
72(16.13%)19-Sep-2024 23:30
18-Sep-2462.0010
72(16.13%)18-Sep-2024 23:29
17-Sep-2462.0010
72(16.13%)17-Sep-2024 23:24
16-Sep-2462.0010
72(16.13%)16-Sep-2024 23:32
15-Sep-2462.0010
72(16.13%)15-Sep-2024 23:31
14-Sep-2462.000
62(0.00%)14-Sep-2024 23:23
13-Sep-2462.000
62(0.00%)13-Sep-2024 23:30
12-Sep-2462.000
62(0.00%)12-Sep-2024 23:25

BikeWo GreenTech IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

12,000₹1.24 Lakh (1,24,000)

Retail(Max)

12,000₹1.24 Lakh (1,24,000)

HNI(Min)

24,000₹2.48 Lakh (2,48,000)

BikeWo GreenTech IPO Reservation

Investor CategoryShares Offered
Offered to QIB1.86 Lakh (1,86,000)
Offered to NII17.52 Lakh (17,52,000)
Offered to RII17.52 Lakh (17,52,000)

About BikeWo GreenTech Limited

Incorporated in December 2006,Bikewo Green Tech Limited is a electric two wheeler retailer in India.

The company's brand is in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat.

The company operate its business activities through dealership models. They offer three types of dealerships to their dealers;

  • State Dealership;
  • Diamond Dealership; and
  • Platinum Dealership

The company plans to open stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore and Trivandrum.

As of January 31, 2024, the Company had 36 employees on payroll.

Competitive Strength

  1. Premium EV retail business in India with dealerships for brands such as Ola Electric, Quantum escooters, Bounce, GT-Force, etc
  2. Unique Business Model with presence in various states across India
  3. Continued expansion in the after-sales segment is driving steady revenue growth and higher profit margins.

BikeWo GreenTech IPO's documents

BikeWo GreenTech Limited Contact Details

BikeWo GreenTech Limited
Plot No. 502B, Amara Jyothi
Road No. 31, Jubilee Hills
Hyderabad-500033
Phone: +91 8121007731
Email: [email protected]
Website: https://bikewo.in/

BikeWo GreenTech IPO's Promoters

The company's promoters are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy and Manvi Talwar.