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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.
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 Date | Feb 5, 2018 to Feb 16, 2018 |
| Banka Bioloo IPO Face Value | ₹10 per share |
| Banka Bioloo IPO Price | ₹115 per share |
| Banka Bioloo IPO Lot Size | 1200 Shares |
| Issue Size | 1,098,000 shares of ₹10 (aggregating up to ₹12.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Namita Banka is the promoter of the company. |
Banka Bioloo IPO opens on Feb 5, 2018, and closes on Feb 16, 2018. The Banka Bioloo IPO bid date is from Feb 5, 2018 10.00 A.M. to Feb 16, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Banka Bioloo IPO Opening Date | Feb 5, 2018 |
| Banka Bioloo IPO Closing Date | Feb 16, 2018 |
| Basis of Allotment | Feb 12, 2018 |
| Initiation of Refunds | Feb 14, 2018 |
| Credit of Shares to Demat | Feb 15, 2018 |
| Banka Bioloo IPO Listing Date | Feb 16, 2018 |
The Banka Bioloo IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹138,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹138,000 |
| Retail (Max) | 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
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...The Banka Bioloo IPO is subscribed 1.09 times on Feb 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)
| Category | Subscription (times) |
|---|---|
| NII | 1.62 |
| Retail | 0.44 |
| Total | 1.09 |
| Listing Date | Tuesday, February 27, 2018 |
| BSE Script Code | |
| NSE Symbol | BANKA |
| Listing In | |
| ISIN | INE862Y01015 |
| IPO Price | ₹115 per share |
| Face Value | ₹10 per share |
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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
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 is priced at ₹115 per share. The minimum order quantity is 1200 Shares.
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 lot size is 1200 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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