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 and UK Sign Comprehensive Economic and Trade Agreement (CETA) Msme News MSME Ministry Strengthens Clusters with Modern Infrastructure and Shared Facilities IPO News Solarium Green Energy Files for IPO with BSE SME Msme News MSEs to Benefit from No Foreclosure Penalties on Loan Prepayments: RBI Msme News Ministry of MSME Issues SOP for Logo Usage by Industry Associations and NGOs Msme News PNB Conducts Mega MSME Outreach Programme Across 200+ Locations Nationwide Msme News Digitalization Boosts MSME Lending: SBI Chairman Highlights Government Initiatives Msme News SBI Plans to Increase Threshold Limit Under Instant Loan Scheme for MSME Sector MSME Exports India Just Hit a Seafood Export Record of ₹72,325 Crore — And MSMEs Drove Most of It Msme News LLP vs Pvt Ltd – What’s the Difference?
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