IPO Date: Sep 20 to Sep 24 2024
Listing Date: Sep 27 2024
1. Funding purchase of electric two wheeler vehicles for selling and supplying the same to our new and existing dealers;
2. Funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India;
3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company; and
4. General Corporate Purposes.
...
eady since then. Our Company since its incorporation had been engaged in the business of buying and selling of used four wheelers from authorised dealers of reputed automobile brands (“New Car Dealers”). As part of our pre-owned vehicle sale business, we procure used cars from New Car Dealers, who are approached by prospective customers, who wish to sell or exchange their existing vehicles for a new vehicle. Post procuring used cars through such channels, we further display them for sale at various sites/ park and sell outlets of our designated used car dealers. We act as an intermediate channel between the New Car Dealers and our designated park and sell used car lots, by supplying the used cars for sale and earning a margin during the sale of such cars. We have created a small network which undertakes every element of automobile buying from searching for a vehicle, creating buying requirements, price discovery, booking, certification to purchase and financing and doorstep delivery. In the year 2022, with the advent of electrical vehicles in India, in order to capitalise the opportunities and potential offered by the industry segment, we diversified our business operations by venturing into marketing and selling of electric vehicles and sold franchise of our brand to ten dealers during the first quarter of FY 2022, for opening and operating our stores in Andhra Pradesh and Telangana. Read More
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The issue size of Bikewo Green Tech Ltd. IPO is ₹22.93 - 24.09 crore.
The Bikewo Green Tech Ltd. IPO opens for subscription on 2024-09-20 and closes on 2024-09-24.
The price range of Bikewo Green Tech Ltd. IPO is ₹59.00 to ₹62.00.
The lot size of Bikewo Green Tech Ltd. IPO is 2000 shares.
The registrar of Bikewo Green Tech Ltd. IPO is .
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