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 National MSME Survey Aims to Unlock Growth and Global Competitiveness Msme News “MSMEs are the backbone of our economy, creating jobs and driving growth,” says PM Modi IPO News Solarium Green Energy Files for IPO with BSE SME Msme News Dr Vivek Bindra Flags MSME Learning Gap as Key Growth Hurdle; Pan-India Entrepreneurs Echo Concern Msme News MSME Bank Credit Jumps 14% in Priority Lending in August: RBI Data Msme News New Safety Regulations for Machinery, Equipment to Impact MSMEs: GTRI Msme News Government Strengthens MSME Support Through PMEGP and PMMY Msme News Government Should Be First Customer of Startups, Says Amitabh Kant IPO News HDB Financial Services IPO: HDFC Bank Approves ₹2,500 Crore Fundraising Plan Msme News MSMEs Secure ₹999 Crore from NSIC Venture Capital Fund by July 2024
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