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Home > IPO Details

Bikewo Green Tech Limited

20 Sep 2024 - 24 Sep 2024 Individual Category SME NSE

Min Investment

₹236000

Price Band

₹59-₹62

Issue Size

38.86 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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20 Sep 2024

Open Date

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24 Sep 2024

Close Date

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25 Sep 2024

Allotment Date

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27 Sep 2024

Listing Date

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.

Founded

2006

Managing Director

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

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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IPO Allotment

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