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News Details

12/09/2024 12:41

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Bikewo Green Tech announces launch of initial public offering

Bikewo Green Tech Ltd. has announced public offering of 3886000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 52.00 per share. The gross proceeds of the issue are expected to be Rs 2,409.32 lakhs.

The company's initial public offer (IPO) will open on 18 September 2024 and is expected to close on 20 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 59.00-62.00 per share.

The IPO includes a fresh Issue of 3886000 Equity Shares of the Company at an price of Rs 62.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Bikewo Green Tech Ltd. anticipates using the proceeds of the issue for .

Khandwala Securities Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.