Bikewo Green Tech Ltd - IPO

Bikewo Green Tech Ltd IPO Details

Initial public offer of upto 38,86,000 equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an issue price of Rs. 62 per equity share (including a share premium of Rs. 52 per equity share) for cash, aggregating up to Rs. 24.09 crores (Public Issue) out of which 1,96,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 62 per equity share for cash, aggregating Rs. 1.22 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 36,90,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 62 per equity share for cash, aggregating up to Rs. 22.87 crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute 37.52 % and 28.29 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding purchase of electric two wheeler vehicles for selling and supplying same to its new and existing dealers. Funding capital expenditure proposed to be incurred towards setting up of eveven dealership store in various states in india. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company. General corporate purposes.

Bikewo Green Tech Ltd Contact Details

Bikewo Green Tech Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@bikewo.in

Website - www.bikewo.in