BikeWo GreenTech Limited (NSE SME)

Sep 20, 2024 - Sep 24, 2024

Price ₹59 - ₹62
Premium ₹7
Lot size 2000
Allotment Sep 25, 2024
Listing Sep 27, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 2000 124000 876
HNI 2 4000 248000 876

Last updated on 24-Sep-2024 18:31:01

CategoryOfferedAppliedTimes
QIB186000800400043.03
NIB17520003959000022.6
RETAIL175200010720000061.19
Total369000015479400041.95
Retail Apps53600© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹1.88
@8%
₹2.15
@9%
₹2.42
@10%
₹2.69
@11%
₹2.96
@12%
₹3.22
About

BikeWo GreenTech IPO Details

Total Issue Size3,886,000 shares
(aggregating up to ₹24.09 Cr)
Fresh Issue3,886,000 shares
(aggregating up to ₹24.09 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue9,157,250
Share holding post issue13,043,250
Market Maker portion196,000 shares

BikeWo GreenTech IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 5% of the offer
Retail Shares OfferedNot less than 45% of the Offer
NII (HNI) Shares OfferedNot less than 45% of the Offer

Key Performance Indicators

KPIMar-24Mar-23Mar-22
ROE13.94%1.36%2.82%
ROCE10.87%2.64%5.77%
RONW13.94%1.35%2.13%
EPS
(basic)
2.510.190.3
P/E
Pre IPO
33.95
P/E
Post IPO
48.36

Financial Statement (Restated)

Period EndedMar-24Mar-23Mar-22
Assets3,151.351,962.401,497.41
Revenue2,514.212,061.861,391.71
Profit After Tax167.219.815.19
Net Worth1,676.70723.14713.34
Total Borrowing1,419.351,239.26784.07
Amount in Lakhs

About Company

Bikewo Green Tech Limited, incorporated in December 2006, is an electric two-wheeler retailer with operations across Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. The company operates through a dealership model, offering three types of dealerships: State Dealership, Diamond Dealership, and Platinum Dealership, allowing for scalable business growth. To further expand its footprint, Bikewo Green Tech plans to open new stores in cities like Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore, and Trivandrum. As of January 31, 2024, the company employed 36 people.

Lead Manager(s)
Khandwala Securities Limited
Website:
  http://www.kslindia.com
Email:  itpil.fpo@kslindia.com
Phone: +91- 22 -22 64 2300
Fax: +91-22- 22 61 5172
Strength

Leading EV Dealership: Bikewo Green Tech is a key dealership partner for major OEMs, focusing on high-growth electric vehicle segments.

Established Network and Storage: The Company has a robust distribution network and storage capabilities to support efficient operations and expansion.

Statewide Dealership Presence: With dealerships across multiple states, Bikewo Green Tech has a strong and growing market presence.

Weakness

Geographic Expansion Risk: Expanding into areas with limited operational history carries uncertainty, and there is no guarantee that these plans will be profitable or without adverse effects on business performance.

Reliance on EV Trading and Dealerships: The company's heavy dependence on trading and multi-brand EV dealerships makes it vulnerable to disruptions in this segment, which could impact its overall business and operations.

Dependence on Dealers for Revenue: A significant portion of revenue comes from dealers, and any drop in sales or revenue from key intermediaries could negatively affect the company's financial health.

Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://ipo.bigshareonline.com/ipo_status.html