BikeWo GreenTech IPO allotment: Check status on NSE, BigShare Services

BikeWo GreenTech IPO share allotment status is expected to be finalised on Wednesday, September 25, following the end of the subscription period.

The NSE SME issue was open for subscription from September 20 to September 24.

The initial public offering of BikeWo GreenTech Limited saw strong demand on its final day of bidding, with the issue getting booked nearly 42 times, led by the high demand from retail investors.

The IPO received applications for over 15.45 crore against 36.9 lakh shares available for bidding.

The Non-Institutional Investors’ (NIIs) portion of the BikeWo GreenTech IPO was subscribed 22.58 times, while the retail portion was booked 61.04 times.

The investors, who applied for the BikeWo GreenTech IPO shares, can check the allotment status on the website of the NSE and the issue registrar, Bigshare Services Pvt Ltd.

Steps to check BikeWo GreenTech IPO share allotment status on the registrar website

• Go to the official website of BigShare Services Private Ltd at https://www.bigshareonline.com/
• Click on IPO Allotment Status link
• Select any of the servers from three options
• Select BikeWo GreenTech Ltd from the dropdown menu for company names.
• Choose any of these— Application Number, Beneficiary ID or PAN— and enter details to verify
• Enter the Captcha
• Click on the Search button to view the allotment status

Here’s how to check BikeWo GreenTech IPO share allotment status on the NSE website

• Visit the NSE IPO allotment status page (www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)
• Log in with your username and password. Create an account if you do not have one
• Select BikeWo GreenTech from the drop down menu under Issue Name.
• Verify your PAN
• Enter your IPO Application Number
• Click on Submit to view the allotment details

BikeWo GreenTech IPO details

BikeWo GreenTech IPO, a book-building offer worth ₹24.09 crore, was an entirely fresh issue of 38.86 lakh shares.

BikeWo GreenTech IPO price band was set at ₹59 to ₹62 per share. The minimum lot size for retail investors was fixed at 2,000 shares. This means retail investors had to spend a minimum amount of ₹1,24,000 to apply for the IPO at the upper end of the price band.

Following the share allotment, the company will initiate refunds for unsuccessful bidders and transfer of shares into the Demat accounts of the allottees on September 26.

The BikeWo GreenTech IPO listing date has been tentatively fixed as September 27. Shares of BikeWo GreenTech Limited will be listed on the NSE Emerge platform, the dedicated listing section for SME IPOs on the bourse.

BikeWo GreenTech IPO objectives

The company will use the proceeds from the issue to buy electric two-wheelers to sell and supply to existing and new dealers. It will also use the funds for capital expenditures required to set up 11 dealership stores across India. A portion of the fund will also be used to settle debts and for general corporate purposes.

About BikeWo GreenTech Limited

BikeWo GreenTech Limited, an electric two-wheeler retailer, operates its business through a dealership network. Established in 2016, the company has a presence in states like Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. It plans to expand operations to Rajasthan, Kerala, Karnataka, and West Bengal.