BikeWo GreenTech Limited
Bookbuilding IPO · NSE
- Price band
- ₹59 - ₹62
- Lot size
- 2,000 shares
- Issue amount
- ₹24.09 cr
- Total subscription
- 41.95×
- Opens
- 20 Sept 2024
- Closes
- 24 Sept 2024
- Allotment
- 25 Sept 2024
- Listing
- 27 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 38,86,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,18,000
- Fresh issue
- ₹24.09 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,24,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 91,57,250
- Shares after issue
- 1,30,43,250
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,24,000 |
| HNI | 2 | 4,000 | ₹2,48,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1.15 | 49.62 |
| RETAIL | 10.86 | 664.64 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.51 | 0.19 | 0.3 |
| ROE | 13.94 | 1.36 | 2.82 |
| ROCE | 10.87 | 2.64 | 5.77 |
| RONW | 13.94 | 1.35 | 2.13 |
| PRE IPO(PE) | 33.95 | 0 | 0 |
| POST IPO(PE) | 48.36 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Bikewo Green Tech Limited, incorporated in December 2006, is an electric two-wheeler retailer operating in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat through a dealership model that includes State, Diamond, and Platinum dealerships. The company is focused on scaling its network and plans to expand into key cities such as Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneswar, Nagpur, Bangalore, and Trivandrum. As of January 31, 2024, it had 36 employees.
Strengths
- Strong EV Dealership Presence: Key partner for leading OEMs in fast-growing EV market.
- Efficient Logistics Network: Robust distribution and storage setup supports smooth operations.
- Wide Regional Reach: Presence across multiple states strengthens market positioning and expansion potential.
Risk factors
- New Market Uncertainty: Expansion into new geographies may not deliver expected results.
- EV Segment Dependency: Heavy reliance on EV trading/dealerships exposes the business to sector-specific risks.
- Dealer-Driven Revenue: Dependence on dealers means reduced sales from key intermediaries could hurt financials.
Promoters
Katepalli Manideep
Satyapoorna Chander Yalamanchili
N Vidhya Sagar Reddy
Manvi Talwar
Registrar & documents
Lead manager
Khandwala Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 502B, Amara Jyothi, Road No. 31, Jubilee Hills, Hyderabad-500033
+91 8121007731
[email protected]Company website ↗Understanding BIKEWO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.