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BikeWo GreenTech IPO
Price Band
₹59.0–62.0
Issue Size
₹24.09 Cr
Lot Size
2,000 shares
Min Investment
₹124,000
GMP
+₹7.0 (11.29%)
Issue Price
₹62.0
Subject to Sauda
₹10600
Paid only if allotted
BikeWo GreenTech IPO AI Summary
- BikeWo GreenTech IPO is listed on NSE SME in the Auto-Dealer sector.
- Price band: ₹59.0–₹62.0 per share, lot size 2,000 shares (min. investment ₹124,000).
- Subscription window: 20 Sep–24 Sep 2024, listing on 27 Sep 2024.
- Current GMP is +₹7.0 (11.29%), an estimated listing price of ₹69 — unofficial and can change daily.
BikeWo GreenTech is an electric two-wheeler retailer planning to expand its dealership network across India. With a recent increase in revenue and profit, the company aims to utilize IPO proceeds for purchasing vehicles, setting up new stores, and repaying borrowings.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
BikeWo GreenTech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
BikeWo GreenTech IPO Grey Market Premium (GMP) Today
GMP
+₹7.0
GMP %
+11.29%
Est. Listing
₹69.0
Updated: 25 Jul 2026 14:03
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹1.83
NAV
₹18.31
ROE
13.94%
ROCE
10.87%
RoNW
13.94%
P/B Value
3.39
P/E Ratio
33.95
Market Cap
₹80.87 Cr
PAT Margin
6.69%
Promoters
Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy and Manvi Talwar
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹20.62 Cr in the year ending 31 Mar 2023, rising to ₹25.14 Cr by 31 Mar 2024. This indicates a growth in revenue over the period.
Profit Trend
Profit After Tax was ₹0.10 Cr for the year ending 31 Mar 2023, increasing to ₹1.67 Cr by 31 Mar 2024. This significant rise suggests improved profitability.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial price at which shares of an IPO are traded before they are listed on the stock exchange. A positive GMP indicates that investors are willing to pay more than the issue price, suggesting strong demand for the stock.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market position.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as it operates in a rapidly evolving sector and may experience fluctuations in performance.
IPO Timeline, Explained
The IPO opens for subscription on September 20, 2024, and closes on September 24, 2024. Allotment of shares will occur on September 25, 2024, with the listing date set for September 27, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market conditions and investor sentiment. It's important to remember that a positive GMP does not guarantee profits on the listing day.
This evaluation is generated from BikeWo GreenTech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is BikeWo GreenTech IPO GMP today?
BikeWo GreenTech IPO GMP today is +₹7.0 (11.29%), indicating an estimated listing price of ₹69. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of BikeWo GreenTech IPO?
The price band of BikeWo GreenTech IPO is ₹59.0–₹62.0 per share.
When does BikeWo GreenTech IPO open and close?
BikeWo GreenTech IPO opens on 20 September 2024 and closes on 24 September 2024.
When does BikeWo GreenTech IPO list on the stock exchange?
BikeWo GreenTech IPO listed on 27 September 2024 at ₹69.0.
What is the lot size for BikeWo GreenTech IPO?
The lot size for BikeWo GreenTech IPO is 2000 shares, requiring a minimum investment of ₹124,000.
What is the price band for the IPO?
The price band for the IPO is ₹59.0 to ₹62.0.
What is the minimum investment required?
The minimum investment required is ₹124,000, which corresponds to a lot size of 2000 shares.
When does the IPO open and close?
The IPO opens on September 20, 2024, and closes on September 24, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the unofficial price at which shares are traded before listing.
When is the listing date?
The listing date for the IPO is September 27, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Sep 2024
Close
24 Sep 2024
Allotment
25 Sep 2024
Listing
27 Sep 2024
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