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Bikewo Green Tech Limited

SME

Issue Price

₹59- ₹62

per equity share

Issue Size

38.86 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

2000

equity share

Please note

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Listing at NSE

Bikewo Green Tech Limited

Important Dates

IPO Open Date

20 Sep 2024

IPO Close Date

24 Sep 2024

Allotment Date

25 Sep 2024

Initiation of Refunds

26 Sep 2024

Credit of Shares to Demat Account

26 Sep 2024

IPO Listing Date

27 Sep 2024

UPI Mandate Expiry Date

24 Sep 2024

IPO Details

BikeWo GreenTech IPO is open for subscription starting Wednesday, Friday 20, 2024, and closing on Tuesday, September 24, 2024. This upcoming IPO's price is Rs 59 to Rs 62 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,24,000 (62 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,48,000 (62 x 4000 shares). BikeWo GreenTech IPO is a book-built issue of Rs 24.09 crores. This upcoming IPO is a fresh issue of 38.86 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, September 25, 2024, 2024. BikeWo GreenTech IPO will be listed on NSE SME on Friday, September 27, 2024. Khandwala Securities Limited is the book-running lead manager, and Bigshare Services Private Limited is the registrar for this IPO.
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About Bikewo Green Tech Limited

BikeWo GreenTech Limited was incorporated in 2006, and is an electric vehicle two-wheeler retailer company in India. The company operates its business activities through the dealership model. BikeWo offers three types of dealerships to their dealers: state dealerships, diamond dealerships, and platinum dealerships. The company plans to open stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore and Trivandrum. BikeWo brand has a presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat.

Parent Organisation

-

Founded

2006

Managing Director

Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy and Manvi Talwar

IPO Objectives

The net funds received from this IPO will be allocated for funding the purchase of two wheeler for selling and supplying the same to new and existing dealers. The remaining will be used for the funding the capital expenditure for setting up the 11 dealership stores in the various states in india. Also money will be utilised for the repayment of past borrowings availed by the company and for fulfilling the general corporate purposes.
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How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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