BikeWo GreenTech IPO

Incorporated in December 2006,Bikewo Green Tech Limited is a electric two wheeler retailer in India. The company's brand is in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat. The company operate its business activities through dealership models. They offer three types of dealerships to their dealers; State Dealership; Diamond Dealership; and Platinum Dealership The company plans to open stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore and Trivandrum. As of January 31, 2024, the Company had 36 employees on payroll. Competitive Strength Premium EV retail business in India with dealerships for brands such as Ola Electric, Quantum escooters, Bounce, GT-Force, etc Unique Business Model with presence in various states across India Continued expansion in the after-sales segment is driving steady revenue growth and higher profit margins.

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to our new and existing dealers; Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India; Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and General Corporate Purposes.

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