{"id":42224,"date":"2024-09-19T17:48:34","date_gmt":"2024-09-19T12:18:34","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/09\/19\/bikewo-green-tech-limited-ipo-opens-on-september-20-2024\/"},"modified":"2024-09-19T17:48:34","modified_gmt":"2024-09-19T12:18:34","slug":"bikewo-green-tech-limited-ipo-opens-on-september-20-2024","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/09\/19\/bikewo-green-tech-limited-ipo-opens-on-september-20-2024\/","title":{"rendered":"Bikewo Green Tech Limited IPO Opens on September 20, 2024"},"content":{"rendered":"
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Mumbai\u00a0 (Maharastra) [India] September 19<\/strong>: <\/span>Bikewo Green Tech Limited,\u00a0one of the\u00a0leading electric two-wheeler retailer in India with expertise in the buying and selling of used four-wheelers,\u00a0proposes to open its\u00a0Initial Public Offering\u00a0on\u00a0September\u00a020, 2024, aiming to raise\u00a0\u20b9\u00a024.09 Crores\u00a0with shares to be listed on the NSE Emerge platform.<\/p>\n

The issue size is\u00a0Up To\u00a038,86,000\u00a0equity shares at\u00a0a\u00a0face value of\u00a0\u20b9\u00a010\u00a0each.<\/p>\n

Equity Share Allocation<\/p>\n

\u25cf\u00a0Qualified Institutional Buyer\u00a0\u2013\u00a0Not More Than\u00a01,86,000\u00a0Equity Shares<\/p>\n

\u25cf\u00a0Non-Institutional Investors\u00a0\u2013\u00a0Not Less Than 17,52,000\u00a0Equity Shares<\/p>\n

\u25cf\u00a0Retail Individual Investors\u00a0\u2013\u00a0Not Less Than 17,52,000Equity Shares<\/p>\n

\u25cf\u00a0Market Maker \u2013\u00a0Up To\u00a01,96,000\u00a0Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for\u00a0purchase of electric two-wheeler vehicles, capital expenditure\u00a0setting up of eleven dealership stores, repayment of borrowing\u00a0and\u00a0thegeneral corporate\u00a0purpose. The issue will close on September\u00a024, 2024.<\/p>\n

\u00a0<\/p>\n

The\u00a0Book Running\u00a0Lead Manager to the Issue is\u00a0Khandwala Securities Limited,\u00a0The Registrar to the Issue is\u00a0Bigshare Services Private Limited.<\/p>\n

Mr.\u00a0Katepalli Manideep,\u00a0Chairman and Managing Director,\u00a0of\u00a0Bikewo Green Tech Limited\u00a0expressed,\u00a0\u201cAs we stand on the brink of our upcoming IPO,\u00a0we are\u00a0keen\u00a0to share the exciting potential that lies ahead for our company in the electric vehicle market. Since our inception, we have transitioned from a pre-owned vehicle retailer to\u00a0one of the\u00a0prominent leader in the electric two-wheeler market, harnessing the growing demand for sustainable transportation solutions.<\/p>\n

The proceeds from this IPO will be essential for expanding our electric vehicle inventory, launching new dealership stores in strategic locations, and strengthening our financial position through debt repayment. Our focus on establishing a robust presence in Tier-I, Tier-II, and Tier-III cities will enhance our ability to serve customers and capitalize on emerging opportunities.<\/a>\u201d<\/p>\n

Mr. Rinav Manseta,\u00a0Associate\u00a0Director\u00a0of\u00a0Khandwala Securities Limited\u00a0said,\u00a0\u201cwe are glad to be part of this transformative journey in the electric vehicle market. The company has made significant strides in addressing the growing demand for sustainable transportation. The electric vehicle industry is experiencing rapid growth, driven by increasing environmental awareness and government initiatives aimed at promoting green mobility.<\/p>\n

The strategic allocation of IPO proceeds will enhance their electric vehicle inventory, expand their dealership network, and strengthen their financial position, setting the stage for robust growth. We are proud to be involved in this journey and look forward to a successful offering. \u201d<\/p>\n

Disclaimer:This article is for informational purposes only and does not constitute financial advice. Investing in stocks involves risk, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment\u00a0decisions.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai\u00a0 (Maharastra) [India] September 19: Bikewo Green Tech Limited,\u00a0one of the\u00a0leading electric two-wheeler retailer in…<\/p>\n","protected":false},"author":2,"featured_media":42225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-42224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/42224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=42224"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/42224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/42225"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=42224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=42224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=42224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}