BikeWo GreenTech SME IPO 2024: A Sustainable Investment Opportunity

BikeWo Green Tech Limited is the leading two-wheeler retailer in India. They started their business operations in the year 2016 and their revenue from operations has been steady since then. The company had been engaged in the business of buying and selling used four-wheelers from authorized dealers of reputed automobile brands (“New Car Dealers”). As part of their pre-owned vehicle sale business, they receive used cars from New Car Dealers, also approaching prospective customers, who wish to sell or exchange their existing vehicles for a new vehicle. They have developed a new network that undertakes every element of automobile buying from searching for a vehicle such as buyers’ requirements, price, booking, certification to purchase and financing, doorstep delivery, and more. They act as the best intermediate channel between the New Car Dealers and their designated park for selling used car lots, by supplying the used cars for sale and earning a margin during the sale of such cars. They have the best business model which focuses on creating a dealership chain across Tier-II and Tier-III cities.

Currently, there are 3 types of dealerships to their dealers; (i) State Dealership; (ii) Diamond Dealership; and (iii) Platinum Dealership. They focus on covering their presence in the regions they operate in before venturing into new markets which has led them to establish brand presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat markets. The company plans to continue to deepen its chain store network in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat; and also gradually plans to expand its business network in Rajasthan, Kerala, Karnataka, and West Bengal in pursuing our defined cluster-focused expansion strategy.

BikeWo GreenTech IPO, a SME IPO of ₹24.09 Cr opens for subscription from 18-09-2024 to 20-09-2024. The IPO consists of ₹24.09 Cr fresh issue. The face value is Rs. 10 and the price band is fixed at 59.00-62.00 per share. You can apply to the BikeWo GreenTech SME IPO for a minimum lot of 2000 shares amounting of Rs. 124000. The tentative listing date on the exchange (NSE SME) is 25-09-2024.

BikeWo GreenTech SME IPO Important Dates

The BikeWo Green Tech IPO date is September 18 and the close date is September 20. The BikeWo Green Tech IPO allotment will be finalized on September 23 and the IPO listing on September 25.

BikeWo GreenTech SME IPO Details

BikeWo GreenTech SME IPO Lots

BikeWo Green Tech IPO Company Financial Report

The company reported revenue of ₹20.62 crores in 2023 against ₹13.92 crores in 2022. The company reported a profit of ₹0.10 crores in 2023 against a profit of ₹0.15 crores in 2022.