58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

BikeWo GreenTech Limited IPO (BikeWo GreenTech IPO) Detail

BikeWo GreenTech IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Hyderabad and caters to Automobile sector. Khandwala Securities is the merchant banker of BikeWo GreenTech IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 4th April 2024.

BikeWo GreenTech IPO open date is 20th September 2024 and close date is 24th September 2024. IPO Allotment Date is 25th September 2024 and Listing date is 27th September 2024.

IPO Category : SME
Exchange : NSE EMERGE
Issue Type : Book Building

BikeWo GreenTech IPO Date

Date of DRHP:
4th April 2024
IPO Allotment Date:
25th September 2024
IPO Open Date:
20th September 2024
Initiation of Refund:
26th September 2024
IPO Closing Date:
24th September 2024
IPO Listing Date:
27th September 2024

BikeWo GreenTech IPO Info, Size, Subscription

BikeWo GreenTech IPO size is Rs 24.09 Cr. crores with IPO price of Rs 62.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 24.09 Cr.

Issue Price:
₹ 62.00

Market Capitalisation :
₹ 80.87 Cr.

PE multiple :
48.36

Subscription :
41.82 times

Pre Issue Promoter Holding :
89.00 %

Post Issue Promoter Holding :
62.48%

BikeWo GreenTech IPO Information

Sub Sector : electric two wheeler retailer
BikeWo GreenTech Limited is an electric two-wheeler retailer in India, having commenced operations in 2016 with steady revenue from the outset. Initially, it was involved in buying and selling used four-wheelers sourced from authorized dealers of reputed automobile brands, acting as an intermediary between New Car Dealers and designated used car lots. The company’s operations included procuring used cars, displaying them at various locations, and earning a margin on sales. It created a small network offering comprehensive automobile services from vehicle search to financing and doorstep delivery. In 2022, capitalizing on the growing electric vehicle market in India, the company diversified its operations by venturing into marketing and selling electric vehicles, and also sold franchises to ten dealers in Andhra Pradesh and Telangana for
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Object of Issue (BikeWo GreenTech IPO Objectives)

  • Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to their 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
  • General Corporate Purposes

Khandwala Securities Limited is the book-running lead manager of the BikeWo GreenTech IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Aftertrade Broking Private Limited for BikeWo GreenTech IPO.

BikeWo GreenTech IPO Market Maker

Aftertrade Broking Private Limited

BikeWo GreenTech IPO Registrar (RTA)

Bigshare Services Private Limited

BikeWo GreenTech IPO Lead Manager (BRLM)

Khandwala Securities Limited

BikeWo GreenTech IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is BikeWo GreenTech IPO?

BikeWo GreenTech IPO, based in Hyderabad, operates in the   Automobile sector with a focus on electric two wheeler retailer. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. BikeWo GreenTech IPO size is ₹ 24.09 Cr. Crores with fresh issue size of Rs 24.09 Cr. Crores and Offer for sale being Nil.

When is BikeWo GreenTech IPO allotment?

The IPO allotment date for BikeWo GreenTech IPO is expected to be 25th September 2024, after the finalization of basis of allotment. Investors can check BikeWo GreenTech IPO allotment status on the registrars website, Bigshare Services Private Limited. BikeWo GreenTech IPO refund dates are 26th September 2024.

When is BikeWo GreenTech IPO listing date?

BikeWo GreenTech IPO is expected to be listed on 27th September 2024.

What is the price band for BikeWo GreenTech IPO?

The upper price band for the BikeWo GreenTech IPO is set at ₹ 62.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is BikeWo GreenTech IPO Review?

For IPO analysis on BikeWo GreenTech IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for BikeWo GreenTech IPO?

To apply for the BikeWo GreenTech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 24th September 2024. After submission, funds are blocked until the basis of allotment of BikeWo GreenTech IPO is finalised.

Who is the merchant banker of BikeWo GreenTech IPO?

The merchant banker for BikeWo GreenTech IPO is Khandwala Securities Limited . Khandwala Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the BikeWo GreenTech IPO RHP for further details.

Who is the Registrar of BikeWo GreenTech IPO?

The registrar for BikeWo GreenTech IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to BikeWo GreenTech IPO through their official website or helpline.

What is the BikeWo GreenTech IPO subscription?

BikeWo GreenTech IPO was subscribed 41.82 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

  • IPO Size: ₹ 24.09 Cr. Avg IPO Size (Sector Based) : ₹ 19.01 Cr.
  • Sector: Automobile SME IPO so far: 4
  • Merchant Banker: Khandwala Securities SME IPO by BRLM so far: 47
  • City: Hyderabad SME IPO so far: 23
  • Revenue (annualised): ₹ 0.25 cr.
            PAT: (annualised): ₹ 0.02 cr.
  • PE Ratio: 48.36x Average Sector PE Ratio: 20.69x
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FAQs

BikeWo GreenTech IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on BikeWo GreenTech Financial Review Page

BikeWo GreenTech IPO subscription was 41.82 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

BikeWo GreenTech IPO listed at a listing price of 45.00 against the offer price of 62.00.

The current market price of BikeWo GreenTech is 17.25.

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