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 Tamilnad Mercantile Bank (TMB) Focuses on MSME Growth, Partners with McKinsey for Strategy Development Msme News MSME Ministry Accelerates Green MSME Transformation Through MSE GIFT Scheme Under RAMP Msme News Veteran Politician Nur Azam Mondal Appointed Assam Coordinator for MSME Promotion Council Msme News FISME and GAME Organize High-Level Roundtable on MSME Financing in New Delhi Msme News MSME Priority Lending Surges to ₹26 Lakh Crore in September: RBI Data Msme News Build Bharat Expo 2025: A Transformative Opportunity for MSMEs in India Msme News MSMEs & Green Transition: Skilling and Loans Key to Success, Says WRI India CEO Msme News Modi 3.0 100 Days: Commerce Ministry Initiatives to Support MSME Exporters Msme News MSME Delayed Payments: Only 20% of Complaints Resolved, Government Data Reveals Msme News “PM Modi : Start-ups and MSMEs Drive India’s Semiconductor Future”
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