Hyderabad-based BikeWo GreenTech is an 18-year-old company. It is engaged in the business of selling electric two-wheelers in India. The brand has markets on the states of Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat.
Delhi-based Avi Ansh Textile manufactures and exports 100% cotton yarn. It is a 19-year-old company and sells its produce both inside India and abroad. It owns spinning factories with a total capacity of 26,000 spindles.
BikeWo GreenTech IPO price, allotment
BikeWo GreenTech has floated a book-built issue of Rs 24.09 crore. It has no OFS part and consists of a fresh issue of 38.86 lakh shares. The issue opens for subscription on September 20. The process of bidding will continue till September 24, 2024. The allotment of shares will be finalised on September 25 and the listing will take place on NSE SME segment on September 27.
An equity share of BikeWo GreenTech has been fixed at Rs 59-62. For a retail investor, the minimum application has to be for 2,000 shares. It will entail and investment of Rs 1.24 lakh. HNIs have to cough up double the amount for twice the shares.
BikeWo GreenTech GMP
According to investorgain, the GMP stood at Rs 10 on September 20. It works out to a listing gain of 16.13% considering the upper band of the price of a share at Rs 62. However, it is an unofficial estimate and can change with time.
Avi Ansh Textile IPO GMP, allotment
An equity share of Avi Ansh Textile has been priced at Rs 62. The minimum lot size for a retail investor is 2,000 shares. It will require the investor to commit Rs 1.24 lakh. HNIs have to commit double the amount for double the number of shares. The company intends to raise Rs 25.99 crore through this IPO.
The last date for placing a bid for shares of this company IS September 24. The basis of allotment will be decided on the next day. The listing is expected to take place on September 27.
According to investorgain, the GMP of Avi Ansh Textile on September 20 was Rs 12. It indicates a listing gain of 19.35%, considering the price of an equity share at Rs 62.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Both the IPOs of BikeWo GreenTech and Avi Ansh Textile belong to the SME category and both have positive GMPs. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
