BikeWo GreenTech Ltd IPO subscribed 41.82 times on the final bidding day. Check GMP & other details
Bikewo Green Tech Ltd is an electric two-wheeler retailer in India, operating primarily in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. The company employs a dealership model, offering three types of dealerships to its partners:
1. **State Dealership**
2. **Diamond Dealership**
3. **Platinum Dealership**
Bikewo is to expand its presence by opening stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneswar, Nagpur, Bangalore, and Trivandrum.
BikeWo GreenTech Subscription Details
Here’s a table containing only the data for categories and their respective subscription rates:
| Category | Subscription (times) |
|———- |———————–|
| QIB | 43.03 |
| NII | 22.48 |
| Retail | 61.04 |
| Total | 41.82 |
BikeWo GreenTech Allotment and Listing dates
The results of the allotment will be out on Wednesday i.e. 25/09/2024 and will List on Friday i.e. 27/09/2024 .
To check the allotment, click here
BikeWo GreenTech GMP Today
The current GMP of the company is around Rs.10-11 which is around 16.13% of the Issue price . It is expected that investors can get a profit of 16.13% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.