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 Ministry Empowers Small Enterprises with Digital and E-Commerce Support under RAMP Msme News Over 75,000 MSMEs Shut Down Since COVID, Government Plans Credit Support Msme News Trump’s Tariffs Threaten India’s $4.1 Billion Leather Export Industry Msme News “10-15% se sidha 50% profitable hua” says Mukul Rustagi, CEO and Co-founder at Classplus Msme News Foxconn, Dixon, Zetwerk Eye Big Gains from India’s PLI Scheme for Electronics Msme News Government Strengthens MSME Support Through PMEGP and PMMY Msme News India’s Dependence on Chinese Imports for MSME Goods Declining Msme News PhonePe and SIDBI Partner to Enable Digital-First Udyam Registration through Udyam Assist Platform Msme News Cabinet Approves Integrated Energy, MSME, and Food Processing Policies Msme News A.P. Chambers and ICC Partner to Strengthen MSME Sector and Global Market Linkages
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