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 India–US Tariff War: 45% of Exports Driven by MSMEs Under Threat, but New Markets Await Msme News Government Implements Various Schemes to Boost MSME Sector, Says FM Sitharaman Msme News Akme Fintrade Partners With MAS Financial for Streamlined MSME Financing Msme News Commerce Ministry Reports 43% of New White Goods PLI Applicants Are MSMEs Msme News MSMEs Need to Adopt Technology and Focus on Skill Development: Minister Jitan Ram Manjhi Msme News CBIC Extends Export Benefits to Courier Shipments to Boost E-Commerce Msme News India and UK Sign Comprehensive Economic and Trade Agreement (CETA) Msme News Bridging Communication Gap: Atul Kumar, CEO at PhysicsWallah Msme News India-UK Free Trade Agreement to Boost Leather and Footwear Exports Beyond USD 900 Million Msme News UP International Trade Show: A Catalyst for MSMEs and ODOP, Says Minister Rakesh Sachan
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