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 “MSMEs are the backbone of our economy, creating jobs and driving growth,” says PM Modi IPO News Arkade Developers IPO Allotment: Key Details on Application Status, GMP, and Listing Date Msme News MSME Sampark x Build Bharat Expo 2025 – Transforming MSMEs, Shaping India’s Future Msme News SBI Plans to Raise Instant Loan Limit for MSMEs Msme News Dr Vivek Bindra Flags MSME Learning Gap as Key Growth Hurdle; Pan-India Entrepreneurs Echo Concern MSME Economy MSME Confidence Is the Highest It’s Been in Three Quarters. Don’t Get Comfortable Yet. Msme News 53% of Citizens Face Financial Scams in Last 5 Years, MSME Ministry Issues Urgent Warning Msme News “Indian Small Businesses are Tech Savvies…” Vijay Shekhar Sharma, CEO at Paytm Msme News 42% of MSMEs Struggle with Credit Access or Rely on Informal Finance: SIDBI Survey Msme News ₹30 Crore in Grants! Apply for Startup MahaRathi Challenge
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