Issue Price
₹62
Per Share
GMP
NIL
Grey Market
Est. Listing
₹62
Expected Price
Min. Application
₹248,000
2 lots × 2000 shares
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; andPlatinum DealershipThe 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 StrengthPremium EV retail business in India with dealerships for brands such as Ola Electric, Quantum escooters, Bounce, GT-Force, etcUnique Business Model with presence in various states across IndiaContinued expansion in the after-sales segment is driving steady revenue growth and higher profit margins.
Bikewo Green Tech Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 196,000 | — | ₹1.22 Cr | — |
| TOTAL | 3,886,000 | 100.00% | ₹24.09 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹124,000 |
| Retail (Max) | 13 | 26,000 | ₹1,612,000 |
| sNII (Min) | 14 | 28,000 | ₹1,736,000 |
| bNII (Min) | 68 | 136,000 | ₹8,432,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 2514.21 | 2061.86 | 1391.71 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 167.21 | 9.80 | 15.19 |
| Net Worth | 1676.70 | 723.14 | 713.34 |
| Total Assets | 3151.35 | 1962.00 | 1497.41 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | 1419.35 | 1239.26 | 784.07 |