Incorporated in 2012, Banka BioLoo Limited provides sanitation infrastructure and human waste management solutions and services. They offers innovative and simple bio-digester technology patented by Defense Research and Development Organisation (DRDO), the R&D arm of the Indian Ministry of Defense. They manufactures, supplies, and installs bio-tanks for digestion of human waste.
They also provide sanitation operations and maintenance (O&M) services to Indian Railways. The anaerobic bio-digester technology helps users manage waste onsite, without depending on expensive and energy-consuming sewage infrastructure. Thet are involved in the rental and AMC of mobile biotoilets; handling of low cost housing projects for sanitation requirement at rural area; sale of spares of control discharge toilet system to Indian Railways; and provision of consultancy services for development of large bio tanks, as well as waste water treatment and recycling solutions.
Banka BioLoo have installed over 6,000 bio-toilet units across India and currently undertake 12 O&M service contracts with Indian Railways. Their solutions can be used for many purposes like Household Bio-toilets, Mobile Bio-toilets, School Bio-toilet Blocks, Bio-toilets at worksites and Bio-digester Tanks for various user groups.
Namita Banka is the promoter of the company.
The object of the issue are:
1. Finance capital expenditures at existing Inoculum unit at Aler;
2. Finance capital expenditures at proposed new unit at Ibrahimpatnam;
3. Finance Working Capital Requirements;
4. General Corporate Purposes and;
5. Issue Related Expenses
»» Issue Open: Feb 5, 2018 - Feb 16, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,098,000 Equity Shares of Rs 10 aggregating up to Rs 12.63 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 115 Per Equity Share
»» Market Lot: 1200 Shares
»» Minimum Order Quantity: 1200 Shares
»» Listing At: NSE SME
14th Feb 2018
IPO opened on 5th Feb with first closing of 7th Feb. Due to poor response, it was extended till 14th Feb. Now again it is extended for 2nd time till 16.02.18
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