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BikeWo GreenTech IPO
Bikewo Green Tech Ltd
₹1,18,000 /2000 sharesMinimum Investment
BikeWo GreenTech IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹62.00 | ₹45.00 | -₹17.00 (27.42%) |
BikeWo GreenTech IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 20 Sep ‘24 - 24 Sep ‘24 | ₹1,18,000 | 2,000 | ₹59 - ₹62 |
| Issue Size | IPO Doc |
|---|---|
| 24.09Cr | RHP PDF |
Subscription rate
As of 24 Sep'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 38.23x |
About BikeWo GreenTech
Founded in
2016
Managing director
Mr. Katepalli Manideep
Parent organisation
Bikewo Green Tech Ltd
Strengths & Financials of BikeWo GreenTech
Strengths
Risks
The company operates a network of dealerships in various states, including Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat.
This network of dealerships also supports the company’s supply chain and customer service.
BikeWo GreenTech has integrated a technology named Cypero into its business systems. The company claims that this technology has helped it streamline the sales process, enhance automation, and enable integration of sales management, inventory tracking, and customer relationship management (CRM).
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 13.81 crore in FY22 to Rs 20.57 crore in FY23 to Rs 24.99 crore in FY24.
The company is dependent on the trading and dealership of multi-brand EVs. EV sales contributed Rs 9.91 crore and Rs 9.07 crore in FY24 and FY23 respectively, to revenue from operations. Any adverse changes that could disrupt the operations of this segment could negatively impact the company’s finances.
A major portion of BikeWo GreenTech's revenue comes from its dealers. A decrease in sales or revenue from any of these key intermediaries could negatively affect the company’s overall business and operations.
BikeWo GreenTech’s revenue largely depends on a few brands, such as Gemopai, Battrie, Quantum, and Enigma. Any loss of such major brands or a reduction in supply or sales volume from these brands can adversely affect the company’s operations and financial standing.
The company's retail operations are primarily concentrated in Telangana (which contributed 82.42%, 86.34%, and 100% in FY24, FY23, and FY22, respectively to the sales) and Andhra Pradesh (which contributed 17.58% and 13.66% in FY24 and FY23, respectively to the sales). Any adverse change in the business environment of these states can be detrimental to the company’s business.
As of March 31, 2024, BikeWo GreenTech had a total outstanding borrowings of Rs 14.75 crore. Any inability to service or repay these loans can adversely affect the company’s operations and finances.
BikeWo GreenTech Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of BikeWo GreenTech IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹59 - 62 | ₹2 - 5 Lakh |
| High Networth Individual | ₹59 - 62 | ₹2 - 5 Lakh |
For BikeWo GreenTech IPO, eligible investors can apply as Regular.