Bikewo Green Tech Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 186,000 (5%) | — | ₹12 Cr |
| NII (HNI) | — | 1,752,000 (45%) | — | ₹1,086 Cr |
| Retail | — | 1,752,000 (45%) | — | ₹1,086 Cr |
| Market Maker | — | 196,000 (5%) | — | ₹12 Cr |
| Σ Total | — | 3,886,000 (100%) | — | ₹24,093 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹124,000 |
| Retail (Max) | 13 | 26,000 | ₹1,612,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,736,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,308,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 2,514 | 2,062 | 1,392 |
| Profit After Tax | 167 | 10 | 15 |
| Net Worth | 1,677 | 723 | 713 |
| Total Assets | 3,151 | 1,962 | 1,497 |
| Total Borrowing | 1,419 | 1,239 | 784 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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. –
Company Overview
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.