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 ₹1 Lakh Crore Industrial Investment, ₹180 Crore Incentives: Punjab Driving MSME Growth; Finance Minister Harpal Singh Cheema at Bharat Manufacturing & Export Summit – Ludhiana Msme News Indian MSMEs Show Remarkable Resilience: Exports Triple in 5 Years Msme News Government Extends Interest Equalisation Scheme for MSME Exporters Until December 2024 Msme News Industrial Icon Ratan Tata Passes Away at 86, A Nation Mourns Msme News Debroy’s Demise: A Monumental Loss for Indian MSMEs, Says FISME Msme News MSME Ministry’s Infrastructure Push in Northeast and Sikkim Msme News New MSME Policy Highlights Growth Under BRS Regime: KT Rama Rao Msme News MSMEs Need to Adopt Technology and Focus on Skill Development: Minister Jitan Ram Manjhi Msme News UGRO Capital Plans to Raise $40M to Support Last-Mile Indian MSMEs Msme News MSMEs Present Significant Opportunities for UCB Sector: RBI DGM
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