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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.
| 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 Size | 1,098,000 shares (aggregating up to ₹12.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,014,448 |
| Share holding post issue | 4,112,448 |
| Market Maker portion | 58,800 shares |
Banka Bioloo IPO offers 1,156,800 shares. 519,600 (44.92%) to NII, 519,600 (44.92%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 58,800 (5.08%) |
| Other Shares Offered | 519,600 (44.92%) |
| Retail Shares Offered | 519,600 (44.92%) | Other Shares Offered | 58,800 (5.08%) |
| Total Shares Offered | 1,156,800 (100%) |
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 |
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 | |||
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
[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...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)
| Category | Subscription (times) |
|---|---|
| Other | 1.62 |
| Retail | 0.44 |
| Total | 1.09 |
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
| Listing Date | February 27, 2018 |
| BSE Script Code | |
| NSE Symbol | BANKA |
| ISIN | INE862Y01015 |
| Final Issue Price | ₹115 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹115.00 |
| ₹114.00 |
| ₹114.00 |
| ₹120.00 |
| ₹115.00 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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.
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