BikeWo GreenTech Limited
IPO Details
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BikeWo GreenTech Limited's has transitioned to a publicly listed entity following its IPO debut on Sep 27, 2024 at the NSE exchange. The public offering successfully raised 38,86,000 Shares, consisting of 38,86,000 Sharesin new capital.
The IPO featured a competitive price range of ₹59 to ₹62 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between Sep 20, 2024 and Sep 24, 2024, reflecting investor appetite for the offering.
Allotment of shares was completed on Sep 25, 2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- 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.
- 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.
- Katepalli Manideep
- Satyapoorna Chander Yalamanchili
- N Vidhya Sagar Reddy
- Manvi Talwar
BikeWo GreenTech Limited
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