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Open
20 Sep 2024
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Close
24 Sep 2024
3
Allotment
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Listing
Fri, Sep 27, 2024
Price Band
₹59 to ₹62
Issue Size
38,86,000 shares (agg. up to ₹24 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Sep 27, 2024
Latest GMP
₹7
Est. Gain
11.29%
✦ AI Insight
GMP Trend
27-09-2024₹7Est. ₹69+11.29%
26-09-2024₹7Est. ₹69+11.29%
25-09-2024₹7Est. ₹69+11.29%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 41.65x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 31.51 | 19.62 | 14.97 |
| Total Income | 25.14 | 20.62 | 13.92 |
| Profit After Tax | 1.67 | 0.10 | 0.15 |
| NET Worth | 16.77 | 7.23 | 7.13 |
| Total Borrowing | 14.19 | 12.39 | 7.84 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Resourceful Automobile Ltd. | SME | ₹11.99 Cr | ₹117 | 45.99 | ₹122.85 | +5.00% | ₹50.25 (-4.47%) |
| Popular Vehicles & Services Ltd. | Mainboard | ₹601.55 Cr | ₹295 | 28.88 | ₹276.15 | -6.39% | ₹97.11 (-1.77%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding purchase of electric two wheeler vehicles for selling and supplying the same to the new and existing dealers; | 6.00 |
| 2 | Funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India; | 6.23 |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and | 3.50 |
| 4 | General Corporate Purposes | 5.77 |
About Bikewo Green Tech IPO
Incorporated in December 2006,Bikewo Green Tech Limited is a electric two wheeler retailer in India. The company's brand is in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat. The company operate its business activities through dealership models. They offer three types of dealerships to their dealers; State Dealership; Diamond Dealership; and Platinum Dealership The company plans to open stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore and Trivandrum. As of January 31, 2024, the Company had 36 employees on payroll. Competitive Strength Premium EV retail business in India with dealerships for brands such as Ola Electric, Quantum escooters, Bounce, GT-Force, etc Unique Business Model with presence in various states across India Continued expansion in the after-sales segment is driving steady revenue growth and higher profit margins. + Read More
Contact Details
Bikewo Green Tech Ltd. AddressPlot No.502B, Amara JyothiRoad No.31, Jubilee HillsHyderabad, Telangana, 500033+91 8121007731info@bikewo.inVisit Website