Bikewo Green Tech IPO Live Subscription Status: Bikewo Green Tech IPO 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 is 38,86,000 shares (Approx ₹24.09 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
The Bikewo Green Tech IPO is an SME IPO and Listed on NSE SME. Bikewo Green Tech IPO Price Band is Fixed at ₹62 Equity Shares. Bikewo Green Tech IPO Lot Size is 2000 Shares.
Also Read: Bikewo Green Tech IPO GMP, Review, Price, Date, Latest IPO Details
Bikewo Green Tech IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 1,86,000 | 0 | 0.00 |
| Non Institutional Buyers (NIIs) | 17,52,000 | 5,92,000 | 0.34 |
| Retail Individual Buyers (RIIs) | 17,52,000 | 41,42,000 | 2.36 |
| Total | 36,90,000 | 47,34,000 | 1.28 |
Bikewo Green Tech IPO Subscription Status day-by-day-
| Categories | 20 Sep | 23 Sep | 24 Sep |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 0.34 | 0.00 | 0.00 |
| RII | 2.36 | 0.00 | 0.00 |
| Total | 1.28 | 0.00 | 0.00 |
About IPO :
Bikewo Green Tech 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.
Bikewo Green Tech holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
Bikewo Green Tech Review From MoneyMintIdea –
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