BikeWo Green Tech IPO Review 2024
BikeWo Greentech IPO: An Overview
BikeWo Greentech, focusing on electric vehicle charging and renewable energy, is set to launch its IPO from September 20 to September 24, 2024. The IPO aims to raise ₹9.87 crore, offering 1,038,000 shares at ₹95 each. Investors can apply for a minimum lot size of 1,200 shares for ₹1,14,000. Listing will be on the NSE SME platform. The funds will be used for working capital, product development, and infrastructure expansion.
IPO Details Table
BikeWo Green Tech IPO Review 2024:
IPO Details Table
| Particulars | Details |
|---|---|
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | TBD |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹62 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 3,886,000 shares (₹24.09 Cr) |
| Fresh Issue | 3,886,000 shares (₹24.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Pre-Issue Share Holding | 9,157,250 shares |
| Post-Issue Share Holding | 13,043,250 shares |
| Market Maker Portion | 196,000 shares |
For more information, visit BikeWo Greentech IPO.
BikeWo Green Tech IPO Review 2024
About BikeWo GreenTech Limited
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
BikeWo Green Tech IPO Review 2024: Objects of the Issue (BikeWo GreenTech IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to our new and existing dealers;
- Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
- General Corporate Purposes.
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