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Banka Bioloo IPO Details

Issue Open Feb 5, 2018
Issue Close Feb 16, 2018
IPO Price ₹115
Face Value ₹10
IPO Size ₹12.63 Cr
Listing At NSE SME
IPO Lot Size 1200

BANKA BIOLOO LIMITED

CIN: U90001AP2012PLC082811

Our Company was incorporated as Banka BioLoo Private Limited on August 31,2012 under the Companies Act, 1956 with the Registrar of Companies, Hyderabad bearing Registration No. 082811. The status of our Company was changed to a public limited company and the name of our Company was changed to Banka BioLoo Limited by a special resolution passed on November 13,2017. A fresh Certificate of Incorporation consequent upon conversion was issued on November 15,2017 by the Registrar of Companies, Hyderabad. The Company's Corporate Identity Number is U90001AP2012PLC082811. For further details, please refer to the chapter titled 'History and Certain Corporate Matters' beginning on page no. 113 of the Prospectus.

Registered Office: Plot no 11 -4-651, A -109, Express Apartment, Lakdi ka Pool, Hyderabad - 500 004
Tel No.: +91 - 40 - 29801495; Fax No.: + 91 - 40 - 6668 8028 Email: investor.relations@bankabio.com; Website: www.bankabio.com  
Contact Person: Mr. Y Sri Bala Aditya, Company Secretary and Compliance Officer.

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 10,98,000 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES') OF BANKA BIOLOO LIMITED ('BBL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 115 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 1,262.70 LAKHS ('THE ISSUE'), OF WHICH 58,800 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 10,39,200 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.70% AND 25.27%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

                  THE FACE VALUE OF THE EQUITY SHARE IS RS. 10 AND
                THE ISSUE PRICE IS 11.50 TIMES OF THE FACE VALUE

ISSUE

OPENED ON: FEBRUARY 05, 2018
CLOSED ON: FEBRUARY 16, 2018

The Equity Shares of the Company are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited ('NSE'). Our Company has received an approval from NSE for the listing of the Equity Shares pursuant to letter dated December 11,2017. NSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on February 27,2018 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited).

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Net Issue has received 219 applications for 10,75,200 Equity Shares resulting in 1.03 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:
Detail of the Applications Received

CATEGORY Before Technical Rejections & Withdrawals After Technical Rejections & Withdrawals
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Applicant 191 2,29,200 173 2,07,600
Non - Retail Applicant 28 8,46,000 27 7,68,000
Total 219 10,75,200 200 9,75,600

Note: The Issue also includes 58,800 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal. In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 2,48,400 Equity Shares in Non - Retail Category & under subscription 3,12,000 Equity Shares in Retail Category. Due to technical rejection and bids not banked, the Issue was short by 63,600 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 63,600 Equity Shares. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on February 22,2018.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 115 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 58,800 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category Wise)
No. of
Applications
received
% to
total
Total No. of
Shares applied
in each category
% to
total
Allocation
per Applicant
Ratio of
Allottees to
the Applicant
Total No.
of Shares
Allotted
58,800 1 100.00 58,800 100.00 58,800 1:1 58,800
Total 1 100.00 58,800 100.00 58,800

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs.115 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 2,07,600 Equity Shares. The category was subscribed by 0.3995 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category Wise)
No. of
Applications
received
% to
total
Total No. of
Shares applied
in each category
% to
total
Allocation
per Applicant
Ratio of
Allottees to
the Applicant
Total No.
of Shares
Allotted
1,200 173 100.00 2,07,600 100.00 1,200 1:1 2,07,600
Total 173 100.00 2,07,600 100.00 2,07,600

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 115 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 7,68,000 Equity Shares (including un-subscribed portion of 3,12,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 0.9235 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category Wise)
No. of
Applications
received
% to
total
Total No. of
Shares applied in
each category
% to
total
Allocation
per Applicant
Ratio of
Allottees to
the Applicant
Total No.
of Shares
Allotted
2,400 10 37.04 24,000 3.13 2,400 1:1 24,000
3,600 1 3.70 3,600 0.47 3,600 1:1 3,600
4,800 1 3.70 4,800 0.63 4,800 1:1 4,800
6,000 1 3.70 6,000 0.78 6,000 1:1 6,000
8,400 1 3.70 8,400 1.09 8,400 1:1 8,400
9,600 2 7.41 19,200 2.50 9,600 1:1 19,200
10,800 3 11.11 32,400 4.22 10,800 1:1 32,400
12,000 2 7.41 24,000 3.13 12,000 1:1 24,000
30,000 1 3.70 30,000 3.91 30,000 1:1 30,000
40,800 1 3.70 40,800 5.31 40,800 1:1 40,800
44,400 1 3.70 44,400 5.78 44,400 1:1 44,400
64,800 1 3.70 64,800 8.44 64,800 1:1 64,800
74,400 1 3.70 74,400 9.69 74,400 1:1 74,400
3,91,200 1 3.70 3,91,200 50.94 3,91,200 1:1 3,91,200
Total 27 100 7,68,000 100 7,68,000

Due to technical rejection and bids not banked, the Issue was short by 63,600 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 63,600 Equity Shares. The Board of Directors of the Company at its meeting held on February 22,2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before February 26, 2018 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the Emerge Platform of National Stock Exchange of India Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on February 27,2018, subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 23, 2018 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant, Serial number of the Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai - 400059
Tel: +91 22 62638200; Fax: +91 22 62638299
E-mail: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty; SEBI Registration No.: INR000001385

Date: February 26,2018

Place: Hyderabad

For Banka BioLoo Limited
On behalf of the Board of Directors
Sd/-
Chairman & Managing Director

Banka Bioloo IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Banka Bioloo IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Banka Bioloo IPO basis of allotment (published above) tells you how shares are allocated to you in Banka Bioloo IPO and category wise demand of IPO share.

Visit the Banka Bioloo IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Banka Bioloo IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).