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 Budget 2025: MSME Loan Reforms, Mudra Yojana Expansion to Boost Small Businesses (PM MODI) Msme News 3,500 Bengal MSME Traders Tap Into Global Markets Through Amazon Msme News MSME Secretary Advocates for Amendments to MSMED Act to Strengthen Dispute Resolution Msme News New Safety Regulations for Machinery, Equipment to Impact MSMEs: GTRI Msme News India’s Electronics Component Scheme Attracts $13 Billion, MSMEs Emerging as Key Players Msme News CII MSME FinFest 2024: Empowering MSMEs in Odisha with Better Access to Credit Msme News Debroy’s Demise: A Monumental Loss for Indian MSMEs, Says FISME IPO News Hero Motors Withdraws Rs 900 Crore IPO Plans Msme News MSME Ministry Strengthens Clusters with Modern Infrastructure and Shared Facilities Msme News India’s Manufacturing Growth Slows Slightly Amid Rising Costs
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