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 MSME Priority Lending Surges to ₹26 Lakh Crore in September: RBI Data Msme News Centre to Introduce Collateral-Free Loan Schemes for MSMEs: Nirmala Sitharaman Msme News Govt Aims to Extend Additional ₹5 Trillion in Credit Guarantees Over the Next Two Years Msme News New Trade Connect e-Platform for Exporters: Everything You Need to Know Msme News “Indian Small Businesses are Tech Savvies…” Vijay Shekhar Sharma, CEO at Paytm Msme News YES BANK Drives Innovation and Growth for South India’s MSMEs Msme News Ministry of MSME Issues SOP for Logo Usage by Industry Associations and NGOs Msme News Indian Bank Reports ₹700 Crore Profit from Priority Sector Lending Certificates Msme News MSMEs Contribution to Economy Set to Rise to 40% by 2027: U Grow Report Msme News GST Reforms 2025: Two-Slab Structure to Impact 6.3 Crore MSMEs in India
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