Bikewo Green Tech was incorporated on December 9, 2016. The company is an electric two-wheeler retailer and are also involved in buying and selling used four-wheelers from authorized dealers of well-known automobile brands.
| Bidding Dates |
|---|
| 20 Sep 2024 - 24 Sep 2024 |
| Subscription |
|---|
| 39.76x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,18,000 | 1 | 1 | 2000 | 3.9 M | ₹59 - ₹62 | 62.48 % | ₹229.3 M - ₹240.9 M | RHP DOC |
Bikewo Green Tech Ltd. IPO SUBSCRIPTION STATUS
24 Sep '24Bikewo Green Tech Ltd. IPO overall subscription rate was 39.76 times the total available shares
Bikewo Green Tech Ltd. IPO retail subscription rate was 78.63 times in the retail segment
Bikewo Green Tech Ltd. IPO non-institutional investor subscription rate was 67.89 times in the non-institutional investor category
Bikewo Green Tech Ltd. IPO Qualified Institutional Bidder subscription rate was 4.12 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Sep 2024 (Day 3) | 78.63x | 67.89x | 4.12x |
23 Sep 2024 (Day 2) | 22.09x | 8.47x | 0.1x |
20 Sep 2024 (Day 1) | 2.86x | 0.98x | 0x |
Bikewo Green Tech Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 16.7 | 249.9 | -44.6 | -69.2 | 11.3% |
| FY23 | 1.0 | 205.7 | 26.7 | 8.4 | 3.3% |
| FY22 | 1.5 | 138.1 | 26.3 | -11.5 | 7.3% |
Bikewo Green Tech Ltd. IPO SUBSCRIPTION STATUS DETAILS
Bikewo Green Tech Ltd. had 3.9 M shares on offer
Bikewo Green Tech Ltd. IPO offer price was in the range ₹59 - ₹62
Bikewo Green Tech Ltd. IPO minimum Investment was ₹118000
Bikewo Green Tech Ltd. IPO issue size was ₹ 229.3 M - ₹ 240.9 M
Bikewo Green Tech Ltd. had a minimum lot size of 2000 Shares per application
Bikewo Green Tech Ltd. NUMBER OF SHARES ON OFFER
Bikewo Green Tech Ltd. IPO IMPORTANT DATES
| Issue Open Date | 20 Sep 2024 |
| Issue close Date | 24 Sep 2024 |
| Allotment Date | 25 Sep 2024 |
| Refund Date | 26 Sep 2024 |
| Demat Account Credit Date | 26 Sep 2024 |
| Listing Date | 27 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Bikewo Green Tech Ltd. Allotment Status | Exchange |
Bikewo Green Tech Ltd. IPO subscription opened on 20 Sep 2024, and closed on 24 Sep 2024
IPO allotment for Bikewo Green Tech Ltd. was finalized on Wednesday, 25 Sep 2024
IPO listing for Bikewo Green Tech Ltd. was on NSE on Friday, 27 Sep 2024
Bikewo Green Tech Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 62.0 |
| Listing Open Price | 45.0 |
| Listing Close Price | 47.3 |
| Listing Gain% | -27.4% |
| Current Gain% | 26.6% |
Bikewo Green Tech Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bikewo Green Tech Ltd. | 78.5 | 102.4 | 31.3 | 1.9 | 7.8 | 6.4 | 54.5 | 3.3 | 2.5 | ||||
| Vedant Fashions Ltd. | 516.9 | 12559.5 | 32.5 | -13.1 | 8.6 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 93.9 | 11455.8 | 65.1 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 618.4 | 7986.5 | 57.5 | 2 | 2.7 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2782.1 | 7444.3 | 71.7 | 5.8 | 4.3 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 165.8 | 6380.3 | 30.9 | 0.3 | 0.8 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Bikewo Green Tech Ltd. INFORMATION ON IPO ISSUE
About Bikewo Green Tech Ltd.
Bikewo Green Tech was incorporated on December 9, 2016. The company is an electric two-wheeler retailer and are also involved in buying and selling used four-wheelers from authorized dealers of well-known automobile brands.
Object of the Issue
- Funding purchase of electric two wheeler vehicles for selling and supplying the same to the new and existing dealers.
- Funding capital expenditure proposed to be incurred towards setting up of 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.
Bikewo Green Tech Ltd. - PROMOTERS
| Name |
|---|
| Katepalli Manideep |
| Satyapoorna Chander Yalamanchili |
| N Vidhya Sagar Redd |
| Manvi Talwar |
Bikewo Green Tech Ltd. Lead Manager of the Issue
Khandwala Securities Limited
ipo@kslindia.com
Bikewo Green Tech Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Bikewo Green Tech Ltd. Strengths
Dealership network
The company's business model encourages dealers to work together, where each dealer handles its tasks and helps others with stock and sales. The incentive system also motivates dealers to bring in new dealers, helping grow the network
After-sale service
The company's service and repair offerings at each dealership include warranty and customer-paid services. Every store has a workshop on-site or nearby, allowing for quick resolution of customer complaints and concerns
Bikewo Green Tech Ltd. Risks
Dependent on dealers
The company's business model focuses on building a dealership chain in Tier-II and Tier-III cities. A drop in revenue or sales from any key intermediary could negatively impact business and operations
Limited number of brands
The company generates most of its revenue from the sale of products from a limited number of brands, including Gemopai, Battrie, Quantum, and Enigma. Any loss or reduction in supply from them could affect the company's revenue and profitability
Competitive industry
The company operates in a competitive industry with rapid changes in consumer trends and technology. Its market share could be affected by a large number of competitors who may be more effective in competing
IPO FAQs
The promoters of the company are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Redd and Manvi Talwar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 59.0 - 62.0.
The IPO application opens on Sep 20, 2024 and closes on Sep 24, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 118,000.0, the maximum value for this IPO is Rs 124,000.0.
This IPO will be allotted on Sep 25, 2024.
The refund will be credited to your account on Sep 26, 2024.
The allotted shares will be credited to your demat on Sep 26, 2024.
Bikewo Green Tech Ltd.’s shares listed on the stock exchanges on Sep 27, 2024.