Bikewo Green Tech Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

20 Sep 2024

Close Date

24 Sep 2024

Allotment

25 Sep 2024

Listing Date

27 Sep 2024

Exchange

NSE SME

Price Band

₹62

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹62

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

38,86,000 shares (aggregating up to ₹24.09 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹124,000

1 lot

Pre-IPO Holding

91,57,250 shares

Promoters

Post-IPO Holding

1,30,43,250 shares

Promoters

P/E (Pre)

33.95x

P/E (Post)

48.36x

EPS (Pre)

₹1.83

EPS (Post)

₹1.28

UPI Deadline

2024-09-24

Mandate

Anchor AllotmentThu, 19 Sep 2024

Basis of AllotmentWed, 25 Sep 2024

Refund InitiationThu, 26 Sep 2024

Demat CreditThu, 26 Sep 2024

Listing DayFri, 27 Sep 2024

UPI Mandate Deadline2024-09-24

Sale TypeFresh Capital

Net Offer to Public36,90,000 shares (aggregating up to ₹22.88 Cr)

Market Maker Quota1,96,000 shares (aggregating up to ₹1.22 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Bikewo Green Tech Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 24 Sep 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	196,000	—	₹1.22
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,886,000	100%	₹24.09

IPO Shares Offered

Bikewo Green Tech Ltd IPO total issue size: ₹24.09 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	196,000	₹1.22	5.04%
Total	3,886,000	₹24.09	100.00%

* Based on upper price band ₹62 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹62.00

Upper Band

Min Investment

₹124,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹248,000
Retail (Max — 13 Lots)	13	26,000	₹1,612,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,736,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,432,000

* Issue Price ₹62 × Lot Size 2,000 shares

IPO Schedule

Anchor

19 Sep 2024

✓ Done

IPO Open

20 Sep 2024

✓ Done

IPO Close

24 Sep 2024

✓ Done

Allotment

25 Sep 2024

✓ Done

Refunds

26 Sep 2024

✓ Done

Demat Credit

26 Sep 2024

✓ Done

Listing Day

27 Sep 2024

✓ Done

₹62.00

INR · NSE

Fetching…

vs Issue Price

—

OPEN

—

HIGH

—

LOW

—

MKT CAP

—

P/E

—

52W HIGH

—

52W LOW

—

VOLUME

—

DIVIDEND

—

DIV YIELD

—

Loading…

Chart Not Available

Try again 2–3 days after listing.

Issue ₹62.00 Live Price

About Bikewo Green Tech Ltd

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; andPlatinum DealershipThe 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 StrengthPremium EV retail business in India with dealerships for brands such as Ola Electric, Quantum escooters, Bounce, GT-Force, etcUnique Business Model with presence in various states across IndiaContinued expansion in the after-sales segment is driving steady revenue growth and higher profit margins.

Objects of the Issue

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 Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,391.7

31 Mar 2022

₹2,061.9

31 Mar 2023

₹2,514.2

31 Mar 2024

Profit After Tax (PAT)

₹15.2

31 Mar 2022

₹9.8

31 Mar 2023

₹167.2

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	2514.21	2061.86	1391.71
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	167.21	9.80	15.19
Net Worth	1676.70	723.14	713.34
Total Assets	3151.35	1962.00	1497.41
Reserves & Surplus	N/A	N/A	N/A
Borrowings	1419.35	1239.26	784.07
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	6.69%	—	—

P/BV Ratio

3.39

RoE

13.94%

RoCE

10.87%

RoNW

13.94%

PAT Margin

6.69%

Issue Structure & Shareholding

Total Shares Offered38,86,000 (100.00%)

Net Offer to Public36,90,000 shares (aggregating up to ₹22.88 Cr)

Reserved for Market Maker1,96,000 shares (aggregating up to ₹1.22 Cr)

Pre-Issue Promoter Holding91,57,250 shares

Post-Issue Promoter Holding1,30,43,250 shares

P/BV Ratio3.39

RoE13.94%

RoCE10.87%

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Khandwala Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Bikewo Green Tech Ltd IPO subscribed? ▲

Bikewo Green Tech Ltd IPO is subscribed 1.00 times by Sep 24, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Bikewo Green Tech Ltd IPO retail subscription status? ▼

The Bikewo Green Tech Ltd IPO retail category is subscribed 1.00 times as of 24 Sep 2024. The retail portion is oversubscribed.

How to subscribe Bikewo Green Tech Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 20 Sep 2024 and closes 24 Sep 2024. Min investment: ₹124,000 (1 lot = 2,000 shares). UPI mandate: 2024-09-24.

How many times Bikewo Green Tech Ltd IPO subscribed? ▼

The Bikewo Green Tech Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Bikewo Green Tech Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 25 Sep 2024. Refunds: on 26 Sep 2024.

When Bikewo Green Tech Ltd IPO will be listed? ▼

The Bikewo Green Tech Ltd IPO listing date is 27 Sep 2024, Friday. Listed on: NSE SME. Issue price: ₹62. Estimated listing: ₹62. GMP: NIL.

When Bikewo Green Tech Ltd IPO close? ▼

The Bikewo Green Tech Ltd IPO closes on 24 Sep 2024, Tuesday. UPI mandate: 2024-09-24. Allotment: 25 Sep 2024. Listing: 27 Sep 2024.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹62.00

Change—

Issue Price₹62.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹62

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹124,000

GMPNIL

Est. Listing₹62

Subscribed1.00x

Open Date20 Sep 2024

Close Date24 Sep 2024

Allotment25 Sep 2024

Listing Date27 Sep 2024

ExchangeNSE SME

UPI Deadline2024-09-24