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
| IPO Date | Feb 5, 2018 - Feb 16, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,098,000 Eq Shares of ₹10 (aggregating up to ₹12.63 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹115 Per Equity Share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Bid/Offer Opens On | Feb 5, 2018 |
| Bid/Offer Closes On | Feb 16, 2018 |
| Finalisation of Basis of Allotment | Feb 12, 2018 |
| Initiation of Refunds | Feb 14, 2018 |
| Credit of Shares to Demat Acct | Feb 15, 2018 |
| IPO Shares Listing Date | Feb 16, 2018 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹138,000 |
| Maximum | 1 | 1200 | ₹138,000 |
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
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 519,600 | 519,600 | 1,039,200 |
Feb 16, 2018 17:00 | 1.62x | 0.44x | 1.09x |
| Listing Date | Tuesday, February 27, 2018 |
| BSE Script Code | |
| NSE Symbol | BANKA |
| Listing In | |
| ISIN | INE862Y01015 |
| IPO Price | ₹115 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Banka BioLoo Limited
Plot no 11-4-651, A–109,
Express Apartment,
Lakdi ka Pool, Hyderabad – 500 004
Phone: +91 40 2980 1495
Email: investor.relations@bankabio.com
Website: http://www.bankabio.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Banka Bioloo IPO is a SME IPO of 1,098,000 equity shares of the face value of ₹10 aggregating up to ₹12.63 Crores.
The issue price of the IPO is ₹115 Per Equity Share. The minimum order quantity is 1200 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Feb 5, 2018 and closes on Feb 16, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Banka Bioloo IPO opens on Feb 5, 2018 and closes on Feb 16, 2018.
Banka Bioloo IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Banka Bioloo IPO will be done on Feb 12, 2018, and the allotted shares will be credited to your demat account by Feb 15, 2018. Check the Banka Bioloo IPO allotment status.
Banka Bioloo IPO lot size is 1200 Shares and the minimum order quantity is 1200 Shares.
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