IPO Details
Bidding Dates
20 Sept 24 - 24 Sept 24
Price Range ₹
59 - 62
Total Equity
₹ 24.09Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
20 Sept 2024
Allotment
23 Sept 2024
Offer end
24 Sept 2024
Refund initiation
24 Sept 2024
Demat transfer
24 Sept 2024
Listing
27 Sept 2024
Offer start
20 Sept 2024
Allotment
23 Sept 2024
Offer end
24 Sept 2024
Refund initiation
24 Sept 2024
Demat transfer
24 Sept 2024
Listing
27 Sept 2024
About Company
Incorporated in December 2006, Bikewo Green Tech Limited is an electric two-wheeler retailer in India, with a presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. The company operates through a dealership model, offering three types of dealerships to its partners: 1. State Dealership 2. Diamond Dealership 3. Platinum Dealership Bikewo Green Tech plans to expand by opening stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneswar, Nagpur, Bangalore, and Trivandrum. As of January 31, 2024, the company had 36 employees on its payroll. Competitive Strengths: - Premium electric vehicle retailer in India, with dealerships for brands like Ola Electric, Quantum e-scooters, Bounce, and GT-Force. - A unique business model with a growing presence across multiple states. - Expansion in the after-sales segment, boosting revenue growth and profit margins.
Year Founded
09-12-2016
Promotor Details
Katepalli Manideep
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 89 | 62.48 |
| Share Capital | 8149975 | 8149975 |
Offer to Public
38,86,000.00 Cr
Project Details
- Funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores - 62.338cr
- Funding purchase of electric two wheeler vehicles for selling and supplying the same to our new and - 60cr
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company - 35cr
Objectives
- Funding purchase of electric two wheeler vehicles for selling and supplying the same to our 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 our Company
- andGeneral Corporate Purposes.
Highlights
- The company operates in key states, ensuring a strong market presence and support for its supply chain and customer service.
- The implementation of Cypero has streamlined processes and improved efficiency in sales, inventory management, and CRM.
- BikeWo has demonstrated steady revenue growth over the past few years, showing strong financial performance.
- The dealership model ensures localized support and better customer service, strengthening customer relationships.
- The use of advanced technology to automate business processes enhances operational efficiency and reduces manual errors.
Challenges
- Heavy reliance on multi-brand EV trading and dealership poses a financial risk if this segment is disrupted.
- A significant portion of revenue comes from dealers, making the company vulnerable to fluctuations in their performance.
- The company relies on a few brands, and losing any of them could negatively affect its business.
- The company’s sales are concentrated in Telangana and Andhra Pradesh, exposing it to regional risks.
- The company’s outstanding borrowings of ₹14.75 crore could strain its financials if not managed effectively.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 1,962.40 | 204.03 | 47.27 | 47.27 | 1.8908 |
| 2021 | 1,216.00 | 100.00 | 9.80 | 9.80 | 0.1921 |
| 2022 | 1,497.42 | 204.03 | 167.21 | 167.21 | 1.826 |
| 2024 | 3,151.34 | 915.73 | 9.80 | 9.80 | 0.1921 |
