Bikewo Green Tech Limited

Company Profile
Company Name Bikewo Green Tech Limited
Open Date 20-09-2024
Close Date 24-09-2024
Exchange NSE SME
Lot Size 2,000 Shares
Issue Price ₹59 to ₹62 per share
Issue Size 38,86,000 shares
Application Amount ₹ 1,24,000 (2,000 shares)
Recommendation Avoid
Incorporation: Bikewo Green Tech Limited was originally formed and incorporated on December 09, 2016. The registered office is located at Hyderabad, Telangana, India. ▪ Business Model: The company is engaged in preowned vehicle sales, and marketing and selling of EV’s. ▪ Revenue Stream: The company under its EV segment has three dealerships namely, State, Diamond and Platinum Dealership. ▪ The company had 34 employees as of March 31, 2024.
(Read more on the review)

Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 1,380.60 2,056.85 2,498.78
EBITDA 100.38 67.13 282.29
Net Profit 15.18 9.79 167.21
RoCE 7.33% 3.77% 13.72%
ROE 2.13% 1.35% 9.97%
P/E 206.67 326.32 24.70

Tentative Timeline

Opening Date 20-09-2024
Closing Date 24-09-2024
Basis of Allotment 25-09-2024
Initiation of Refunds 26-09-2024
Credit of Shares to Demat 26-09-2024
Listing Date 27-09-2024

Objects of the Issue

Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to the new and existing dealers.
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India
General Corporate Purposes

Contact Information

Registered Office BikeWo GreenTech Limited Plot No. 502B, Amara Jyothi Road No. 31, Jubilee Hills Hyderabad-500033
Phone +91 8121007731
Email info@bikewo.in
Website https://bikewo.in/

Registrar Details

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

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Net Offer
NII (HNI) Shares Offered Not less than 15.00% of the Net Offer

Shareholding Pattern

Shareholding Pre Issue (Promoters) 89%
Shareholding Post Issue (Promoters) 62.48%

Contact Us to Enable Your Success!