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Banka BioLoo Limited IPO (Banka Bioloo IPO) Detail

February 5, 2018 - February 16, 2018

Banka Bioloo IPO is a fixed price issue of Rs 12.63 crores.

Banka Bioloo IPO bidding started from February 5, 2018 and ended on February 16, 2018. The allotment for Banka Bioloo IPO was finalized on Monday, February 12, 2018. The shares got listed on NSE SME on February 27, 2018.

Banka Bioloo IPO price is ₹115 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹138,000.

Aryaman Financial Services Limited is the book running lead manager of the Banka Bioloo IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Banka Bioloo IPO RHP for detailed information.

Banka Bioloo IPO Details

IPO Date February 5, 2018 to February 16, 2018
Listing Date February 27, 2018
Face Value ₹10 per share
Price ₹115 per share
Lot Size 1200 Shares
Total Issue Size1,098,000 shares
(aggregating up to ₹12.63 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion58,800 shares

Banka Bioloo IPO Reservation

Banka Bioloo IPO offers 1,156,800 shares. 519,600 (44.92%) to NII, 519,600 (44.92%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered58,800 (5.08%)
Other Shares Offered519,600 (44.92%)
Retail Shares Offered519,600 (44.92%)
Other Shares Offered58,800 (5.08%)
Total Shares Offered1,156,800 (100%)

Banka Bioloo IPO Timeline (Tentative Schedule)

Banka Bioloo IPO opens on February 5, 2018, and closes on February 16, 2018.

IPO Open Date Monday, February 5, 2018
IPO Close Date Friday, February 16, 2018
Basis of Allotment Monday, February 12, 2018
Initiation of Refunds Wednesday, February 14, 2018
Credit of Shares to Demat Thursday, February 15, 2018
Listing Date Tuesday, February 27, 2018
Cut-off time for UPI mandate confirmation 5 PM on February 16, 2018

Banka Bioloo IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹138,000
Retail (Max) 1 1200 ₹138,000
Lot Size Calculator

About Banka BioLoo Limited

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.

Objects of the Issue (Banka Bioloo IPO Objectives)

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

Banka Bioloo IPO Review (Avoid)

[Dilip Davda]  

Although company is in a lucrative business as it is promoting “Swachcha Bharat”, its exorbitant pricing makes it an expensive offer. There is no harm in giving it a miss.

Read detail review...


Banka Bioloo IPO Subscription Status (Bidding Detail)

The Banka Bioloo IPO is subscribed 1.09 times on February 16, 2018 5:00:00 PM. The public issue subscribed 0.44 times in the retail category, times in the QIB category, and 1.62 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.62
Retail0.44
Total1.09

IPO Notices

External Link

Issue Close Date Extended

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

Banka Bioloo IPO Prospectus

Banka Bioloo IPO Rating

50
4.0
Rating:Rated 4.0 stars
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Banka Bioloo IPO Listing Details

Listing Date February 27, 2018
BSE Script Code
NSE Symbol BANKA
ISIN INE862Y01015
Final Issue Price ₹115 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹115.00
₹114.00
₹114.00
₹120.00
₹115.00

Check IPO Performance…

Banka BioLoo Limited Contact Details

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

Banka Bioloo IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Banka Bioloo IPO - Buy or Not

Banka Bioloo IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Banka Bioloo IPO FAQs

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 is priced at ₹115 per share. The minimum order quantity is 1200 Shares.

The IPO opens on February 5, 2018, and closes on February 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 February 5, 2018 and closes on February 16, 2018.

Banka Bioloo IPO lot size is 1200 Shares, and the minimum amount required is ₹138,000.

You can apply in Banka Bioloo IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Banka Bioloo IPO will be done on Monday, February 12, 2018, and the allotted shares will be credited to your demat account by Thursday, February 15, 2018. Check the Banka Bioloo IPO allotment status.

The Banka Bioloo IPO listing date is on February 27, 2018.
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Banka Bioloo IPO Message Board

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46 Comments

37. TOPS |   Link |  Bookmark |April 19, 2018 12:32:50 AM
BANKAJI KI CHAL PADI

BADHIYA MUNAFA KARVADIYA
36. TOPS |   Link |  Bookmark |April 6, 2018 7:01:13 AM
Is there any news on company plan for raising fund by way of FPO

GREAT OPPORTUNITY FOR _________
( company / shareholder)??????
35. TOPS |   Link |  Bookmark |April 5, 2018 6:33:10 AM
With testing success of maiden public issue management should cocentrate on bringing one more issue in the form of FPO

BANKAJI. U HAVE MADE MORE PROFIT IN IPO THAN BUSINESSOPERATING PROFIT

LM HAS DONE GREAT WORK
34. TOPS |   Link |  Bookmark |April 4, 2018 6:36:00 PM
Bankaji ne badhiya profit karwadiya
BANKAJI NI HALI PADI CHE

SELL COLGATE BUY BANKA LOO GREAT FUTURE
33. TOPS |   Link |  Bookmark |March 23, 2018 4:05:14 PM
BANKAJI NI HALI PADI CHE
BADHIYA PROFIT KARVADIYA BANKAJI NE

POOR INVESTOR
32. TOPS |   Link |  Bookmark |March 22, 2018 1:09:02 AM
BANKAJI CONGRATULATION
FOR SUCESSFUL PUBLIC ISSUE

FROM PROUD SHAREHOLDER OF COMPANY
31. TOPS |   Link |  Bookmark |March 8, 2018 9:14:24 AM
Bankaji
Share outperform
30. TOPS |   Link |  Bookmark |March 1, 2018 9:09:36 PM
BANKAJI NI HALI PADI CHE
GREAT COMPANY GREAT PROMOTER GREAT LM
POOR INVESTOR
29. High Flyer |   Link |  Bookmark |March 1, 2018 7:03:19 AM
The first sme failure issue for Lead Manager Aaryaman Financial and recent ones handled by very very pathetic to all retailers and initial investors on Banka BioLoo, Medico Remedies, Shreeji Logistics, CKP Leisure...................Never Never get initial gains, this is thing I have learned and lost money also to the tune of Rs 2 lacs. They are not having experienced Merchant banking officials or they will only speak to Greedy Pricing.
28. the savvy guy |   Link |  Bookmark |February 28, 2018 6:09:00 PM
So, finally, the stock got listed and is trading.
27. High Flyer |   Link |  Bookmark |February 23, 2018 2:11:15 PM
1st SME company in the last 5 years ipo got extended two times...LM ....Aryaman does not know how to fix the price and reward the same to investors....Be careful with market makers...check the fundamentals of MRSS sme ipo issue price was Rs 13 in 2015 cmp Rs 250 after bonus.....and their 2nd issue priced at Rs 18.....Focus Suits ?
26. realME |   Link |  Bookmark |February 16, 2018 4:17:53 PM
looks like they could get 100% subscription...keen to know the story behind this listing..did LM screwed up?
26.1. the savvy guy |   Link |  Bookmark |February 16, 2018 9:01:04 PM
It''s not story but history. Yes, interesting.
25. IPOTRIER |   Link |  Bookmark |February 14, 2018 2:27:01 PM
LAST DATE EXTENDED TO 16TH
25.1. DownriteVJ |   Link |  Bookmark |February 14, 2018 3:17:11 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
aisa lagta yeh ipo bharvake rahenge.. lol
25.2. Tejas pandya |   Link |  Bookmark |February 14, 2018 11:09:42 PM
IPO Guru IPO Guru (2600+ Posts, 2100+ Likes)
Abhi koi iska bhi GMP puchhega..ha ha..
24. Prabhat gadia |   Link |  Bookmark |February 14, 2018 9:51:44 PM
Withdraw application form this ipo
To save your money
Extended 2 nd time and till not fully subscribed



23. AKMP |   Link |  Bookmark |February 14, 2018 3:37:28 PM
Never apply when ARYAMAN IS BRLM
Track record is PROOF
22. DownriteVJ |   Link |  Bookmark |February 14, 2018 1:28:03 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Hats off to Retail investors who dare to apply this and take the subsciption in retail category to 0.23X. Lol
21. TOPS |   Link |  Bookmark |February 12, 2018 4:07:41 PM
WILL THEY EXTEND LAST DATE
20. Kishor Asher |   Link |  Bookmark |February 10, 2018 12:15:45 PM
Good IPO remains open for 3 days. This ipo is open for
10 days. Because it is over priced.
19. Kishor Asher |   Link |  Bookmark |February 10, 2018 6:41:52 AM
AVOID. Railway contracts renew every year. They may loose railway contract in future. Price too high. Noting left for investors. Greedy promoters.
18. Allan |   Link |  Bookmark |February 9, 2018 9:45:33 AM (200+ Posts)
Lead Manager is Aryaman, finally the public has woken up and giving them what they deserve.