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 FISME and GAME Organize High-Level Roundtable on MSME Financing in New Delhi Msme News Khadi & Village Industries Yojna (KVIC):Rural India with Tradition and Enterprise Msme News India Responds Strongly to U.S. President’s Tariff Threat : Focus on MSME & Farmer Protection Msme News SBI Plans to Increase Threshold Limit Under Instant Loan Scheme for MSME Sector Msme News Andhra Pradesh to Provide ₹100 Crore Credit Guarantee for MSMEs Msme News Over 75,000 MSMEs Shut Down Since COVID, Government Plans Credit Support Msme News Bridging Communication Gap: Atul Kumar, CEO at PhysicsWallah Msme News Telangana CM to Unveil First-Ever MSME Policy Today Msme News New Safety Regulations for Machinery, Equipment to Impact MSMEs: GTRI 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
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