Bikewo Green Tech SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Bikewo Green Tech IPO. Explore Bikewo Green Tech IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Bikewo Green Tech Limited, established in 2016, is an electric two-wheeler retailer in India. Initially engaged in the buying and selling of pre-owned four-wheelers through authorized dealers, the company diversified into the electric vehicle (EV) sector in 2022, capitalizing on the growing demand for sustainable mobility solutions. Bikewo focuses on creating a multi-brand dealership network for EV two-wheelers, primarily in Tier-II and Tier-III cities across states like Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. The company’s business model includes franchising under its brand, providing state, diamond and platinum dealership opportunities. Bikewo leverages its efficient logistics network, inventory management system, and strong OEM relationships to ensure smooth operations and affordable EV products to its customers.
Key Points:
- Electric Vehicle Focus: The company offers a multi-brand channel for EVs through a network of franchise dealerships.
- Franchise Model: Three dealership types State, Diamond and Platinum enable extensive market coverage and localized management.
- State Dealership: Manages distribution across a state with significant investment and stock requirements.
- Diamond Dealership: Operates in specific districts, responsible for stocking and marketing in designated areas.
- Platinum Dealership: Covers smaller territories with a focus on local sales and customer service.
- Expansion Strategy: Strong presence in Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, and Gujarat with plans for growth in Rajasthan, Kerala, Karnataka, and West Bengal.
- Partnerships with OEMs: Collaborates with major electric vehicle manufacturers, offering financing solutions and extended warranties to customers.
Objects of the Issue
- Funding purchase of electric two wheeler vehicles for selling and supplying the same to new and existing dealers
- Funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- General Corporate Purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 20 Sep - 24 Sep 2024 |
| IPO Price Band | ₹59 - ₹62 per share |
| Fresh Issue | 38,86,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹24.09 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 20 Sep 2024 |
| IPO Closing Date | 24 Sep 2024 |
| Basis Of Allotment | 25 Sep 2024 |
| Refunds | 26 Sep 2024 |
| Demat Transfer | 26 Sep 2024 |
| IPO Listing Date | 27 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 22.98 | 13.92 | 20.62 | 25.14 |
| Total Expenses | 22.09 | 12.80 | 19.90 | 22.16 |
| Net Profit/Loss | 0.47 | 0.15 | 0.10 | 1.67 |
| NPM (*) | 2.08 | 1.10 | 0.48 | 6.69 |
| Total Assets | 12.16 | 14.97 | 19.62 | 31.51 |
| Total Liabilities | 8.51 | 7.84 | 12.39 | 14.75 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.93 | 0.30 | 0.19 | 2.51 |
| ROE (%) | 13.84 | 2.82 | 1.36 | 13.94 |
| ROCE (%) | 7.51 | 5.77 | 2.64 | 10.87 |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | 1.75 | 1.29 | 9.67 | 1.49 |
| EBITDA MARGIN (%) | 2.79 | 7.27 | 3.26 | 11.30 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 43.03 |
| Non-Institutional Investor (NII/HNI) | 22.48 |
| Retail Individual Investor (RII) | 61.04 |
| Total | 41.82 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- KATEPALLI MANIDEEP
- SATYAPOORNA CHANDER YALAMANCHILI
- N VIDHYA SAGAR REDDY
- MANVI TALWAR
Lead Managers
- KHANDWALA SECURITIES LIMITED
Company Address
Bikewo Green Tech Limited
Plot No. 502B, Amara Jyothi, Road No. 31, Jubilee Hills, Hyderabad - 500 033, Telangana, India.
Phone: +91 812 100 7731
Email: info@bikewo.in
Website: www.bikewo.in
FAQs
- What is the issue size of the Bikewo Green Tech SME IPO?The Bikewo Green Tech SME IPO has an issue size of ₹24.09 crore. This includes a fresh issue of 38,86,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Bikewo Green Tech IPO?The price band for the Bikewo Green Tech IPO is ₹59 - ₹62 per share.
- What are the bidding dates for the Bikewo Green Tech IPO?The Bikewo Green Tech IPO will open for bidding on 20 Sep 2024 and close on 24 Sep 2024.
- What is the allotment date for the Bikewo Green Tech IPO?The allotment date for the Bikewo Green Tech IPO is 25 Sep 2024.
- What is the listing date for the Bikewo Green Tech IPO?The listing date for the Bikewo Green Tech IPO is 27 Sep 2024.
- What is the Bikewo Green Tech IPO grey market premium?The grey market premium (GMP) for the Bikewo Green Tech IPO is currently at ₹7, with an expected listing gain of approximately 11.29%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.