Bikewo Green Tech Ltd

Bikewo Green Tech Ltd IPO

Bikewo Green Tech Ltd IPO Price Range is ₹59 - 62, with a minimum investment of ₹1,24,000 for 2000 shares.

₹1,24,000

/ 2000 shares

Minimum Investment

View Bikewo Green Tech Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹59 - 62

Open Date

2024-09-20

Close Date

2024-09-24

IPO Size

₹24.09 Cr

Lot Size

2000 shares

Min Investment

₹1,24,000

Listing Exchange

NSE

Bikewo Green Tech Ltd IPO Application Timeline

passed
Open Date20 Sep 2024
passed
Close Date24 Sep 2024
passed
Allotment Date25 Sep 2024
passed
Listing Date27 Sep 2024

Strengths and Risks

Strengths

Strengths

  • Leading EV dealership for major OEMs with a strong focus on high growth segments.

  • Its existing Network and Storage Capabilities.

  • Dealership network and presence across various states.

  • Growing presence in after-sales segment leading predictable growth in revenues and superior margins.

  • Diverse market presence.

  • Robust business processes leveraging digitalization.

  • Experienced Promoter and professional management team with technical expertise.


Risks

Risks

  • As part of its growth strategy, the company intend to expand the companys business operations to geographical areas in which the company has limited operation history. Its cannot assure you that the company expansion plans will be profitable or that such expansion will not adversely affect its business, results of operations and financial condition.

  • The company significantly relies on trading and dealerships of multi-brand Electric Vehicles, and any interruption in the said business segment may adversely affect its business and results of operations.

  • The company depends on its dealers for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key intermediaries may adversely affect its business and results of operations.

  • The company propose to use a part of the Net Proceeds of the Issue towards funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India. The company is yet to purchase real estate or enter into long-term leasehold arrangements or enter into rental agreements at locations suitable for new stores for its expansion in relation to setting up and operation of its proposed new stores. In case the company is unable to open the stores in a timely manner as mentioned in the chapter Objects of the Issue, its may fall short of the revenue targets of the Company and this would have an adverse effect on its business, financial condition, results of operations and growth prospects.

  • The company plan to expand into new geographies and may be exposed to significant liability and could lose some or all of its investment in such regions, as a result of which the companys business, financial condition and results of operations could be adversely affected.

  • The Company is dependent on external suppliers for its product requirements. Any delay or failure on the part of the external suppliers to deliver products, may materially and adversely affect its business, profitability and reputation.

  • A large part of its revenues is dependent on a limited number of brands. The loss of any of its major brands or a decrease in the supply or volume from such brands, will materially and adversely affect its revenues and profitability.

  • The company operates in a competitive industry and its market share may be adversely impacted in case the company does not keep ourselves appraised of the latest consumer trends and technology and if the company fail to compete effectively in the markets in which the company operates.

  • Its inability to promptly identify and respond to changing customer preferences or evolving trends may decrease the demand for its merchandise among its customers, which may adversely affect the companys business.

  • Its stores are concentrated mainly in Telangana and Andhra Pradesh, and the company generate majority of its retail sales from the company stores in these states. Any adverse developments affecting its operations in these states could have an adverse impact on its revenue and results of operations.

How to Apply for Bikewo Green Tech Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Bikewo Green Tech Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Bikewo Green Tech Ltd

Bikewo Green Tech Limited is an electric two wheeler retailer in India. The Company commenced its business operations in 2016 and its revenue from operations has been steady since then. The Company since its incorporation had been engaged in the business of buying and selling of used four wheelers from authorised dealers of reputed automobile brands (New Car Dealers). In the year 2022, with the advent of electrical vehicles in India, in order to capitalise the opportunities and potential offered by the industry segment, it diversified its business operations by venturing into marketing and selling of electric vehicles and sold franchise of its brand to ten dealers during the first quarter of FY 2022, for opening and operating its stores in Andhra Pradesh and Telangana. Its electric vehicle business focuses on capturing the opportunity arising out of electrification of mobility in India by creating a multi-brand channel for EV two wheelers by offering franchise under its brand in the Tier-I, Tier-II and Tier-III cities. its business model focuses on creating a dealership chain across Tier-II and Tier-III cities for setting up retail spaces which ensures high visibility and easy accessibility to customers.

Frequently Asked Questions of Bikewo Green Tech Ltd IPO

What is the size of the Bikewo Green Tech Ltd IPO?

The size of the Bikewo Green Tech Ltd IPO is ₹24.09 Cr.

What is the allotment date of the Bikewo Green Tech Ltd IPO?

Bikewo Green Tech Ltd IPO allotment date is Sep 25, 2024 (tentative).

What are the open and close dates of the Bikewo Green Tech Ltd IPO?

The Bikewo Green Tech Ltd IPO will open on Sep 20, 2024 and close on Sep 24, 2024

What is the lot size of Bikewo Green Tech Ltd IPO?

The lot size for the Bikewo Green Tech Ltd IPO is 2000.

When will my Bikewo Green Tech Ltd IPO order be placed?

Your Bikewo Green Tech Ltd IPO order will be placed on Sep 20, 2024

Can we invest in Bikewo Green Tech Ltd IPO?

Yes, once Bikewo Green Tech Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Bikewo Green Tech Ltd IPO?

The potential listing gains on the Bikewo Green Tech Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Bikewo Green Tech Ltd IPO?

'Pre-apply' for Bikewo Green Tech Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.