Bikewo Green Tech IPO
IPO Listing Details
- Listing Date
27 Sep 2024
- Listing Price
₹ 45.00
- Listing Change
-27.42%
- Last Traded Price
₹ 28.70
IPO Details
- Open Date
20 Sep 2024
- Close Date
24 Sep 2024
- IPO Price Range
₹ 59 to ₹ 62
- IPO Size
₹ 24.09 Cr
- Listing Exchange
NSE SME
- Listing Date
27 Sep 2024
IPO Timeline
Bikewo Green Tech IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Sep-24 | 0.00 | 0.06 | 0.77 | 0.39 |
| 23-Sep-24 | 1.00 | 2.72 | 17.34 | 9.58 |
| 24-Sep-24 | 43.03 | 22.48 | 61.04 | 41.82 |
Last Updated: 25 September 2024 11:57 AM by 5Paisa
BikeWo GreenTech IPO is set to open on 20 September 2024 and will close on 24 September 2024. The company is an electric two-wheeler retailer in India.
The IPO includes a fresh issue of 38,86,000 shares aggregating up to ₹24.09 Cr. The price range is ₹59 to ₹62 per share and the lot size is 2000 shares.
The allotment is scheduled to be finalized on 25 September 2024. It will go public on NSE SME, with a listing date of 27 September 2024.
Khandwala Securities Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Bikewo IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 24.09 |
| Offer For Sale | - |
| Fresh Issue | 24.09 |
Bikewo IPO Lot Size
| 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 |
Bikewo IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 43.03 | 1,86,000 | 80,04,000 | 49.62 |
| NII (HNI) | 22.48 | 17,52,000 | 3,93,78,000 | 244.14 |
| Retail | 61.04 | 17,52,000 | 10,69,48,000 | 663.08 |
| Total | 41.82 | 36,90,000 | 15,43,30,000 | 956.85 |
1. Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to our new and existing dealers.
2. Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India.
3. Prepayment or repayment of all or a portion of certain outstanding borrowings.
4. General Corporate Purposes.
Established in December 2006, Bikewo Green Tech Limited is an electric two-wheeler retailer in India. The company's brand has a presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat, and it operates its business through a dealership model. They offer three types of dealerships to their dealers: State Dealership, Diamond Dealership, and Platinum Dealership.
The company is actively expanding, with plans to open new stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore, and Trivandrum. As of January 31, 2024, Bikewo Green Tech Limited had 36 employees on its payroll.
Bikewo Green Tech's competitive strength lies in its premium EV retail business, representing brands such as Ola Electric, Quantum e-scooters, Bounce, and GT-Force. The company's unique business model and presence in multiple states have contributed to its growth. Additionally, its focus on expanding the after-sales segment is driving steady revenue growth and improved profit margins.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 25.14 | 20.62 | 13.92 |
| EBITDA | 2.82 | 0.67 | 1.00 |
| PAT | 1.67 | 0.10 | 0.15 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 31.51 | 19.62 | 14.97 |
| Share Capital | 9.16 | 2.04 | 2.04 |
| Total Borrowings | 7.53 | 7.61 | 6.88 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -4.40 | 2.67 | 2.63 |
| Net Cash Generated From / (used in) investing activities | -2.46 | -1.84 | -3.77 |
| Net Cash Generated From / (used in) financing activities | 6.96 | -0.82 | 0.98 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.10 | 0.01 | -0.16 |
Strengths
1. Bikewo Green Tech Limited has established a strong foothold in the electric two-wheeler market by partnering with premium brands.
2. The company operates through a well-structured dealership model offering State, Diamond, and Platinum Dealerships, enhancing its market reach and scalability.
3. The company has a presence across key states and plans to further expand into major cities.
4. Continued expansion in the after-sales service segment is driving revenue growth and improving profit margins, offering additional business stability.
Risks
1. The EV market in India is rapidly growing, with increasing competition from established brands and new entrants.
2. The company's reliance on its dealership model could limit direct control over the customer experience and brand consistency across regions.
3. The electric vehicle industry is heavily influenced by government policies, and any unfavorable changes in subsidies or regulations could impact demand and growth prospects.
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FAQs
BikeWo GreenTech IPO opens from 20th September to 24th September 2024.
The size of the BikeWo GreenTech IPO is ₹24.09 Cr.
The price of the BikeWo GreenTech IPO is fixed at ₹59 to ₹62 per share.
To apply for BikeWo GreenTech IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the BikeWo GreenTech IPO.
● 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.
The minimum lot size of BikeWo GreenTech IPO is 2,000 shares and the investment required is ₹1,18,000.
The share allotment date of BikeWo GreenTech IPO is 25th September 2024
The BikeWo GreenTech IPO will be listed on 27th September 2024.
Khandwala Securities Ltd is the book-running lead manager for BikeWo GreenTech IPO.
BikeWo GreenTech plans to utilize the raised capital from the IPO for:
1. Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to our new and existing dealers.
2. Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India.
3. Prepayment or repayment of all or a portion of certain outstanding borrowings.
General Corporate Purposes.
Contact Information
Bikewo Green Tech
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 Green Tech IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Bikewo Green Tech IPO Lead Manager
Khandwala Securities Limited
