BikeWo Green Tech Limited IPO GMP

BikeWo Green Tech is an electric two wheeler retailer in India. 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”). As part of their pre-owned vehicle sale business, they procure used cars from New Car Dealers, who are approached by prospective customers, who wish to sell or exchange their existing vehicles for a new vehicle.

BikeWo, an Book Built Issue amounting to ₹24.09 Crores, consisting an Fresh Issue of 38.86 Lakh Shares. The subscription period for the BikeWo IPO opens on September 20, 2024, and closes on September 24, 2024. The allotment is expected to be finalized on or about Wednesday, September 25, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, September 27, 2024.

The Share price band of BikeWo IPO is set at ₹59 to ₹62 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹124,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹248,000.

KHANDWALA SECURITIES LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the Issue. Aftertrade Broking Private Limited is the sole Market Maker for the BikeWo Green Tech IPO.

BikeWo Green Tech Limited IPO GMP Today
The Grey Market Premium of BikeWo Green Tech Limited IPO is expected to be ₹0 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

BikeWo Green Tech Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 24 September 2024, the BikeWo Green Tech Limited IPO live subscription status shows that the IPO subscribed 39.83 times on its final day of subscription period. Check the BikeWo Green Tech Limited IPO Live Subscription Status Today at NSE.

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

BikeWo Green Tech Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
BikeWo IPO allotment date is 25 September, 2024, Wednesday. BikeWo IPO Allotment will be out on 25th September 2024 and will be live on Registrar Website from the allotment date. Check BikeWo Green Tech Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select BikeWo Green Tech Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of BikeWo Green Tech Limited IPO
BikeWo Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹600.00 Lakhs is required for Funding purchase of electric two wheeler vehicles for selling and supplying the same to their new and existing dealers; 
2. ₹623.38 Lakhs is required for Funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India; 
3. ₹350.00 Lakhs is required for Prepayment or repayment of all or a portion of certain outstanding borrowings availed by their Company; and 
4. General Corporate Purposes.

Refer to BikeWo Green Tech Limited RHP for more details about the Company.