BikeWo Green Tech Limited IPO Details
SME
BikeWo Green Tech IPO opens for subscription on 20 Sep 2024 and closes on 24 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 27 Sep 2024.
BikeWo Green Tech IPO price band has been fixed at ₹59 – ₹62 per share.The face value is ₹10 per share with a lot size of 2000.
BikeWo Green Tech IPO total issue size comprises 38,86,000 shares (aggregating up to ₹24.09 Cr). This includes a fresh issue of 38,86,000 shares (aggregating up to ₹24.09 Cr). Pre-issue shareholding stands at 91,57,250, which will increase to 1,30,43,250 post-issue.
BikeWo Green Tech IPO carries a ₹7 (11.3%) GMP, reflecting investor sentiment.
BikeWo Green Tech IPO Lot Size : Retain Minimum is 1 lot (2,000 shares) amounting to ₹124,000. Retain Maximum is 1 lot (2,000 shares) amounting to ₹124,000. SHNI Minimum is 2 lots (4,000 shares) amounting to ₹248,000.
The Lead Managers for BikeWo Green Tech IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Khandwala Securities Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Aftertrade Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the BikeWo Green Tech Limited RHP.
BikeWo Green Tech IPO Details
BikeWo Green Tech IPO Subscription
BikeWo Green Tech IPO Application Wise Breakup
BikeWo Green Tech IPO Dates
- 20 Sep 2024Opening dateOPD
- 24 Sep 2024Closing dateCOD
- 25 Sep 2024Allotment Date BOA
- 26 Sep 2024Initiation of RefundsIOR
- 26 Sep 2024Credit of SharesCOS
- 27 Sep 2024Listing dateLID
BikeWo Green Tech IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retain Minimum | 1 | 2000 | ₹124,000 |
Retain Maximum | 1 | 2000 | ₹124,000 |
SHNI Minimum | 2 | 4000 | ₹248,000 |
SHNI Maximum | 0 | 0 | ₹ |
BHNI Minimum | 0 | 0 | ₹ |
BikeWo Green Tech IPO Reservation
Promoter Holding
BikeWo Green Tech IPO Valuations
BikeWo Green Tech Financial Information
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 | ||||||||||||||||||||||||||||||||||||
Amount in ₹ Lakhs |
About BikeWo Green Tech IPO
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
- Premium EV retail business in India with dealerships for brands such as Ola Electric, Quantum escooters, Bounce, GT-Force, etc
- Unique Business Model with presence in various states across India
- Continued expansion in the after-sales segment is driving steady revenue growth and higher profit margins.
Strength Of BikeWo Green Tech IPO
Risk Of BikeWo Green Tech IPO
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.
Objectives BikeWo Green Tech IPO
- 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.
Company Contact Details
BikeWo GreenTech Limited
Plot No. 502B, Amara Jyothi
Road No. 31, Jubilee Hills
Hyderabad-500033
Phone: +91 8121007731
Email: info@bikewo.in
Website: https://bikewo.in/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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