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 Fabindia Partners with Ministry of MSME to Empower India’s Traditional Artisans Under PM Vishwakarma Scheme Msme News Akme Fintrade Partners With MAS Financial for Streamlined MSME Financing Msme News UP International Trade Show: A Catalyst for MSMEs and ODOP, Says Minister Rakesh Sachan IPO News Boss Packaging Solutions IPO Faces Investor Backlash; Mukul Agrawal Comments on ‘Resourceful Yamaha Company Msme News MSMEs Encouraged to Apply for ZED Certification: A Guide to the Process Msme News Jammu Industrialists Seek Chief Minister’s Intervention for MSME Revival Msme News MSMEs Contribution to Economy Set to Rise to 40% by 2027: U Grow Report Msme News Prospects Brightening for MSMEs in ITeS, Shows CRISIL SME Tracker Msme News India’s Defence Exports Boost MSME Growth with U.S., France, and Armenia as Top Buyers Msme News UGRO Capital Plans to Raise $40M to Support Last-Mile Indian MSMEs
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