BikeWo GreenTech IPO: Day 2 Update, GMP, Subscription Status, and Key Details September 23, 2024 MSME Sampark IPO News 0 The initial public offering (IPO) of BikeWo GreenTech Limited opened for subscription on September 19, 2024, and will remain open for bids until September 24, 2024. The company has set a price band of ₹59 to ₹62 per share, with plans to list on the NSE SME Emerge platform. As of Day 2, the IPO has been subscribed over three times its offer size, signaling a strong response from investors. Additionally, the grey market premium (GMP) indicates positive sentiment, with shares trading at a premium of ₹10 in the grey market. BikeWo GreenTech aims to raise ₹24.09 crore through the issuance of fresh shares in this public offer. Investors can apply in lots, with each lot comprising 2,000 shares. The allotment of shares is likely to be finalized on September 25, 2024, with shares expected to list on the NSE SME Emerge platform on September 27, 2024. The company reported solid financials for FY24, with a revenue of ₹2,498.78 lakh, an EBITDA of ₹282.29 lakh, and a PAT of ₹167.21 lakh. The registrar for this IPO is Bigshare Services Private Limited. Disclaimer: The information provided in this article is based on updates and reports gathered from various internet sources. Every effort has been made to ensure accuracy and reliability. We encourage readers to verify the details independently. Popular Articles Msme News Govt. of India Revises MSME Classification Criteria Effective April 1, 2025 Msme News Ministry of MSME Issues SOP for Logo Usage by Industry Associations and NGOs Msme News MSMEs Contribution to Economy Set to Rise to 40% by 2027: U Grow Report IPO News Solarium Green Energy Files for IPO with BSE SME Msme News Punjab CM Urges NITI Aayog for Industrial Incentives to Boost MSME Growth and Exports Msme News Over 75,000 MSMEs Shut Down Since COVID, Government Plans Credit Support Msme News Tamil Nadu Budget 2025: ₹1,918 Crore Allocated to Boost MSME Growth Msme News AI for MSMEs: Bridging the Gap Between Technology and Business Goals IPO News Hero Motors Withdraws Rs 900 Crore IPO Plans Msme News India’s Defence Exports Boost MSME Growth with U.S., France, and Armenia as Top Buyers
Be the first to comment