Bikewo Green Tech IPO GMP, Review, Price, Date, Latest IPO Details

Bikewo Green Tech GMP : Bikewo Green Tech IPO GMP is Open on 20 September 2024 and Close on 24 September 2024. Bikewo Green Tech IPO to Raise 38,86,000 shares (Approx ₹24.09 Cr) via IPO. The Fresh issue of 38,86,000 shares (Approx ₹24.09 Cr).

Our Company was incorporated on 2 February  2017 We are an electric two wheeler retailer in India. Our 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”).

• E-bicycles
• E-Scooters
• E-bikes
• Hi-Speed Scooters
• Cargo Vehicles

We are a leading premium EV retail business in India with dealerships for brands such as Ola Electric, Quantum escooters, Bounce, GT-Force, etc. As part of our pre-owned vehicle sale business, we 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.

Post procuring used cars through such channels, we further display them for sale at various sites/ park and sell outlets of our designated used car dealers. We act as an intermediate channel between the New Car Dealers and our designated park and sell used car lots, by supplying the used cars for sale and earning a margin during the sale of such cars.

We have created a small network which undertakes every element of automobile buying from searching for a vehicle, creating buying requirements, price discovery, booking, certification to purchase and financing and doorstep delivery.

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, we diversified our business operations by venturing into marketing and selling of electric vehicles and sold franchise of our brand to ten dealers during the first quarter of FY 2022, for opening and operating our stores in Andhra Pradesh and Telangana.

Our 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 our brand in the Tier – I, Tier-II and Tier-III cities.

Our 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.

We focus on deepening our presence in the regions we operate in before venturing into new markets which has led us to establish brand presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat markets.

In addition to our defined cluster-focused expansion strategy, our dealership model helps us build a chain of dealers who are residents of the region in which we operate and therefore are able to penetrate the markets through their market understanding and familiarity with the area and the target customers.

This enables the target customers to identify with our brand as well as with our product portfolio and aids our understanding of the market segment and the customer demand preference. We believe that this approach also enables us to achieve significant market share and dominance in the markets we operate.

1. State Dealership.
2. Diamond Dealership.
3. Platinum Dealership.

Bikewo Green Tech IPO Date & Price Band Details

Bikewo Green Tech IPO Market Lot Details

Object of the Issue

1. Funding purchase of electric two wheeler vehicles for selling and supplying the same to our new and existing dealers.
2. Funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India.
3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
4. General Corporate Purposes.

Bikewo Green Tech IPO Allotment & Listings (Details)

Bikewo Green Tech Financial Reports

Our Company Promoters

1. Katepalli Manideep
2. Satyapoorna Chander Yalamanchili
3. N Vidhya Sagar Reddy
4. Manvi Talwar

Qualitative Factors

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

Comparison of Accounting Ratios with Peer Group Companies 

There are no like to like comparable listed companies in India that are engaged in all aspects of the business that we operate. Accordingly, it is not possible to provide an industry comparison in relation to our Company.

Also Read: Pelatro IPO

Bikewo Green Tech Company Contact Details

Plot No. 502B, Amara Jyothi, Road No. 31, Jubilee Hills
Hyderabad – 500 033, Telangana, India.
Telephone: +91 812 100 7731
E-mail: info@bikewo.in
Investor grievance id: investor@bikewo.in
Website: www.bikewo.in

Bikewo Green Tech Lead Manager

Khandwalal Securities Limited
Vikas Building, Ground Floor, Green Street, Fort, Mumbai – 400 023,
Maharashtra, India.
Telephone : +91 224 076 7373,
Email: ipo@kslindia.com, rinav@kslindia.com,
Investor grievance email: investorsgrievances@kslindia.com
Website: www.kslindia.com
Contact Person: Rinav Manseta / Sanket Sharma

Bikewo Green Tech IPO Registrar

Bigshare Services Private Limited
Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India
Telephone: +91 226 263 8200
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Vinayak Morbale