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 “10-15% se sidha 50% profitable hua” says Mukul Rustagi, CEO and Co-founder at Classplus Msme News MSME Priority Lending Surges to ₹26 Lakh Crore in September: RBI Data Msme News How GST 2.0 Could Revolutionize the Indian MSME Landscape Msme News Tamil Nadu Budget 2025: ₹1,918 Crore Allocated to Boost MSME Growth IPO News BikeWo GreenTech IPO: Day 2 Update, GMP, Subscription Status, and Key Details IPO News Boss Packaging Solutions IPO Faces Investor Backlash; Mukul Agrawal Comments on ‘Resourceful Yamaha Company IPO News Western Carriers IPO Allotment Expected on Sep 20: How to Check Status Online, Latest GMP, and Key Details Msme News India’s MSME Growth Challenge: Bridging the Gap from Micro to Large Enterprises Msme News Govt launches 100cr Mutual Guarantee Scheme for MSMEs Msme News Government Strengthens Export Credit Support for MSMEs Under Interest Equalisation Scheme
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