BikeWo GreenTech IPO: What Is Subscription Status, GMP, Issue Size?

BikeWo GreenTech IPO opened for subscription today and will close on September 24, 2024. The company intends to raise approximately Rs 24 crore via the SME IPO and shares are expected to be listed on the NSE SME platform. BikeWo GreenTech IPO is completely a fresh issue of 38.86 lakh shares worth Rs 24.08 crore.

BikeWo GreenTech IPO will reportedly open for bidding beginning from September 24, 2024. Price band has been fixed at Rs 59 to Rs 62/share. Retail investors will be eligible to participate in BikeWo GreenTech IPO with the minimum lot size of 2000 shares amounting to Rs 1,24,000 investment at the upper end of the price band.
BikeWo GreenTech IPO received stellar response from investors after 2 and half hours of bidding.

BikeWo GreenTech IPO GMP: The Grey Market Premium (GMP) of BikeWo GreenTech IPO is Rs 15 (as on September 20, 2024 at 2:55 pm), according to chittorgarh.com. With the price band of Rs 62.00 per share, BikeWo GreenTech IPO's likely listing price is Rs 77 (cap price along with latest GMP). The likely percentage gain or loss per share is reportedly 24.19%, added the chittorgarh.com report.

The book running lead manage of BikeWo GreenTech IPO is Khandwala Securities Limited and Bigshare Services Pvt Ltd is the registrar for the issue. Meanwhile, the market maker of BikeWo GreenTech IPO is Aftertrade Broking.
Promoter Holding: BikeWo GreenTech's promoters are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy and Manvi Talwar.

BikeWo GreenTech IPO Allotment Date: The likely allotment date for the purpose of share allocation is September 25, 2024. The allotment status will become available after the basis of allotment has been finalised. After securing allotment, you will get the credit of equivalent shares in the Demat account.

Registrar & Listing Date: The official registrar of BikeWo GreenTech IPO is Bigshare Services Private Limited. It is expected to be listed on September 27, 2024.

About: It came into existence in 2006. BikeWo GreenTech is a leading electric two wheeler retailer. The company's brand is in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat. It operates its business activities via dealership models. BikeWo GreenTech provides 3 kinds of dealerships to their dealers namely state dealership, diamond dealership, and platinum dealership.