Fixed Price IPO | ₹13 Cr | Listed at NSE SME | Mon, Feb 5, 2018 - Fri, Feb 16, 2018
Banka BioLoo IPO is a fixed price issue of ₹12.63 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹12.63 crore.
Banka BioLoo IPO bidding started from Feb 5, 2018 and ended on Feb 16, 2018. The allotment for Banka BioLoo IPO was finalized on Feb 12, 2018. The shares got listed on NSE SME on Feb 27, 2018.
Banka BioLoo IPO price is ₹115 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,76,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Banka BioLoo IPO RHP for detailed Information.
IPO Open
Mon, Feb 5, 2018
IPO Close
Fri, Feb 16, 2018
Issue Price
₹115 per share
Market Cap (Pre-IPO)
₹47.29 Cr
| IPO Date | 5 to 16 Feb, 2018 |
| Listed on | Tue, Feb 27, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹115 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 10,98,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 58,800 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.6762 Cr) |
| Fresh Issue (Ex Market Maker) | 10,39,200 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 10,39,200 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 30,14,448 shares |
| Share Holding Post Issue | 41,12,448 shares |
| NSE Symbol | BANKA |
| ISIN | INE862Y01015 |
Banka BioLoo IPO comprises a total issue size of 10,98,000 shares. The net offer to the public is 10,39,200 shares, after excluding 58,800 shares allotted on a firm basis. Of the Net offer 5,19,600 (50.00%) allocated to NII 5,19,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,19,600 | 50.00% | 47.32% |
| Retail Shares Offered | 5,19,600 | 50.00% | 47.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 58,800 | 5.36% | |
| Total Shares Offered | 10,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,38,000 |
| Retail (Max) | 1 | 1,200 | ₹1,38,000 |
| HNI (Min) | 2 | 2,400 | ₹2,76,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditures at existing Inoculum unit at Aler | 0.75 |
| 2 | Capital expenditures at proposed new unit at Ibrahimpatnam | 0.97 |
| 3 | Working Capital Requirement | 7.98 |
| 4 | General Corporate Purposes | 2.32 |
The Banka Bioloo IPO is subscribed 1.09 times on February 16, 2018 5:00:00 PM (Day 9). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.62 | 5,19,600 | 8,40,000 |
| Retail | 0.44 | 5,19,600 | 2,29,200 |
| Total | 1.09 | 10,39,200 | 11,34,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.46 |
| 2 | Issue Brokerage | 0.06 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.05 |
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
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹115.00 |
| Open | ₹114.00 |
| Low | ₹114.00 |
| High | ₹120.00 |
| Last Trade | ₹115.00 |
Lead Manager Reports
Banka BioLoo IPO is a SME IPO of 10,98,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Feb 5, 2018, and closes on Fri, Feb 16, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Banka BioLoo IPO using UPI as a payment gateway. Zerodha customers can apply in Banka BioLoo IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Banka BioLoo IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Banka BioLoo IPO opens on Mon, Feb 5, 2018 and closes on Fri, Feb 16, 2018.
Banka BioLoo IPO lot size is 1200, and the minimum amount required for application is ₹1,38,000.
You can apply in Banka BioLoo IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, Feb 15, 2018. Check the Banka BioLoo IPO allotment status.
The Banka BioLoo IPO listing date is on Tue, Feb 27, 2018.
