Bikewo Green Tech Limited Allots 4,52,600 Equity Shares and 24 Million Warrants in Preferential Issue
Bikewo Green Tech Limited announced the outcomes of its board meeting held on August 10, 2026, confirming the preferential allotment of equity shares and warrants. The allotments were made in accordance with terms established during the Extra Ordinary General Meeting held on July 22, 2026.The company allotted 4,52,600 equity shares at an issue price of Rs. 31/- each, aggregating to a total consideration of Rs. 1,40,30,600/. Simultaneously, 2,42,35,400 equity share warrants were allocated at the same issue price of Rs. 31/- each. The allocation of these warrants represents one tranche totaling Rs. 18,78,24,350/.
The terms for both allotments were set as stipulated in the notice of the EGM held on July 22, 2026.
Financial Details of Allotments
Annexure I provided comprehensive details regarding the outcome of the subscription for both securities. The issuance structure and pricing details are summarized below:| Particular | Equity Shares | Warrants |
|---|---|---|
| Total Securities | 4,52,600 | 2,42,35,400 |
| Issue/Allotted Price | Rs. 31.00/- each | Rs. 31.00/- each |
| Conversion Note | N/A | Warrants can be converted into equal number of fully paid up equity shares upon receipt of the balance amount within the stipulated time. |
Subscriber Details
The preferential issue saw participation from various investors in both the equity shares and warrant categories, with amounts totaling Rs. 14,030,600 for the equity shares and Rs. 187,824,350 for the warrants.A breakdown of the subscription outcomes is as follows:
| Security Type | Total Number of Securities | Investor Category |
|---|---|---|
| Equity Shares | 4,52,600 | Non-Promoter (Total) |
| Warrants | 2,42,35,400 | Mixed (Promoter and Non-Promoter) |
The company also provided detailed subscriber lists for equity shares and warrants. For instance, among the subscribers to Equity Shares were S Vipanch Varma Tirumalaraju and Prem Kumar, with allocations of 16,400 shares each. Sivasa Bhaskara Naren Paturi and Chandresh Shankala subscribed to 50,000 shares each in the equity component.
In the warrant allotment tranche, registrations included entities such as Achala Capital Solutions Private Limited, which received 4,400,000 warrants, resulting in a value of Rs. 34,100,000. Other notable warrant subscribers included Srinivasa Chakravarthy Uppu and Trikkur Varadarajan Sreenivasan from the Non-Promoter category, as well as Satyapoorna Chander Yalamanchili, who subscribed 10,295,000 warrants in the Promoter category.
BIKEWO Stock Price Movement
Bikewo Green Tech Limited saw a powerful close today as its stock rallied, settling at ₹82.40 after gaining 4.97%. This impressive performance cemented the equity's reach of the 52-week high and occurred amid a total traded volume of 34,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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