Bikewo Green Tech Ltd

Bikewo Green Tech Ltd IPO

IPO Price Range: ₹59 - 62

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.

Min Investment

₹1,24,000

IPO Size

₹24 Cr

IPO Status

Closed

Quantity in 1 Lot

2000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Bikewo Green Tech Ltd

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

Key Statistics

Bid Opening DateBid Opening Date20 Sep 2024
Bid Closing DateBid Closing Date24 Sep 2024
Allotment DateAllotment Date25 Sep 2024
Issue SizeIssue Size₹24.09Cr
Quantity in 1 lotQuantity in 1 lot2000

Strength and risks

Strength

Strength

  • 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.


Risk

Risk

  • 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.

Promoters Holding

Investors Holdings %
Katepalli Mandeep5.01%
Satyapoorna Chandra Yalamanchi58.84%
N Vidhya Sagar Reddy10.05%
Manvi Talwar15.1%

About Bikewo Green Tech Ltd

OrganisationBikewo Green Tech Ltd
HeadquartersHyderabad
IndustryAutomobile

Frequently Asked Questions

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

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

  • 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.

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

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

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

    The open and close dates of the Bikewo Green Tech Ltd IPO are 20 Sep 2024 to 24 Sep 2024.

  • What is the lot size and minimum order quantity of the Bikewo Green Tech Ltd IPO?

    The lot size and minimum order quantity of the Bikewo Green Tech Ltd IPO are 2000 and 2000 respectively.

  • 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.