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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹24.09 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹24.09 Cr |
| Fresh Issue | ₹22.88 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹59.00-62.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | BIKEWO |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Khandwala Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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;
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
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 13.94% |
| ROCE | 10.87% |
| RoNW | 13.94% |
| PAT Margin | 6.69% |
| Price to Book Value | 3.39 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.83 | 1.28 |
| P/E (x) | 33.95 | 48.36 |
| Promoter Holding | 89% | 62.48% |
| Market Cap | ₹80.87 Cr. | |
