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 operates 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.
BikeWo GreenTech IPO – Details
| IPO Opening Date | 20 September 2024 |
| IPO Closing Date | 24 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 38,86,000 Shares Worth ₹24.09 Crore Fresh Issue: 38,86,000 Shares Worth ₹24.09 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹59 – ₹62 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
BikeWo GreenTech IPO – Date Schedule
| IPO Open Date | 20 September 2024 |
| IPO Close Date | 24 September 2024 |
| Basis of Allotment | 25 September 2024 |
| Initiation of Refund | 26 September 2024 |
| Credit of Shares to Demat Account | 26 September 2024 |
| IPO Listing Date | 27 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
BikeWo GreenTech IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,24,000 |
| Retail (Max) | 1 | 2000 | ₹1,24,000 |
| HNI (Min) | 2 | 4000 | ₹2,48,000 |
Competitive Strengths
- Leading EV dealership for major OEMs with a strong focus on high growth segments;
- Company’s existing Network and Storage Capabilities;
- Dealership network and presence across various states;
- Growing presence in after-sales segment leading predictable growth in revenues and superior margins;
- Diverse market presence;
- Robust business processes leveraging digitalization;
- Experienced Promoter and professional management team with technical expertise.
Company Promoters
- Katepalli Manideep
- Satyapoorna Chander Yalamanchili
- N Vidhya Sagar Reddy
- Manvi Talwar
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 13.91 | 12.80 | 0.15 | 7.84 |
| 31 March 2023 | 20.61 | 19.89 | 0.09 | 12.39 |
| 31 March 2024 | 25.14 | 22.16 | 1.67 | 14.19 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.94% |
| ROCE | 10.87% |
| RoNW | 13.94% |
| PAT Margin (%) | 6.69 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.83 | 1.28 |
| P/E (x) | 33.95 | 48.36 |
Object 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 GreenTech IPO Promoter Holding
| Pre Issue Share Holding | 89.00% |
| Post Issue Share Holding | 62.48% |
BikeWo GreenTech IPO Prospectus
Company Contact Information
| 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/ |
BikeWo GreenTech IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
BikeWo GreenTech IPO Lead Manager(s)
| 1. Khandwala Securities Limited |
BikeWo GreenTech IPO FAQs
| What is BikeWo GreenTech IPO? BikeWo GreenTech IPO is a SME IPO. The issue is priced at ₹59 and ₹62 per equity share. The IPO is to be listed on NSE SME. |
| When BikeWo GreenTech IPO will open? The IPO is to open on 20 September 2024 for QIB, NII, and Retail Investors. |
| What is BikeWo GreenTech IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the BikeWo GreenTech IPO? You can apply BikeWo GreenTech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the BikeWo GreenTech IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “BikeWo GreenTech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the BikeWo GreenTech IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “BikeWo GreenTech IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the BikeWo GreenTech IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “BikeWo GreenTech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the BikeWo GreenTech IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “BikeWo GreenTech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is BikeWo GreenTech IPO Size? BikeWo GreenTech IPO size is ₹24.09 Crore. |
| What is BikeWo GreenTech IPO Price Band? BikeWo GreenTech IPO Price Band is ₹59 – ₹62. |
| What is BikeWo GreenTech IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,24,000 amount while the maximum bid is 2000 Shares with ₹1,24,000. |
| What is the BikeWo GreenTech IPO Allotment Date? BikeWo GreenTech IPO allotment date is 25 September 2024. |
| What is the BikeWo GreenTech IPO Listing Date? BikeWo GreenTech IPO listing date is 27 September 2024. The IPO is to be listed on NSE SME. |
