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Banka BioLoo Limited IPO

Banka BioLoo Limited

Issue Open

Feb 05, 2018

Price Band

₹ 115

Issue Size

₹ 12.63 Cr

Credit of Shares to Demat

-

Issue Close

Feb 07, 2018

Bid Lot

1200

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

1200

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Feb 27, 2018

Refunds

-

About the company:

Introduction: nbsp;Banka BioLoo is a business involved  in developing  innovative and environmental friendly products and services for sanitation infrastructure and human waste management system. Aim of the company is to deal with the issue  of open defecation. Their technology facilitates degrading of Human waste in the most effective manner. They manufacture and supply ELOO – The BioDigester toilets.

Date of Establishment: The company was founded in 2008 and is based out of  Hyderabad, India.

Product & Service Offering: Product service offerings of Banka BioLoo are mentioned below:

     - Operations and maintenance of bio-toilets
     - Consultancy for development of large bio-tank
     - Wastewater treatment and recycling solutions

Customer Segment: Company rsquo;s client base includes companies in the construction sector, Oil and Gas and Government to name a few. Given below is a sample list of clients of Banka BioLoo

     - GAIL
     - Havells
     - Govt. fo Andhra Pradesh
     - L&T
     - Indian Railways

Promoters of Banka BioLoo: Company is promoted by its founder Namita Banka

Objects of the Issue: The aim of the issue is to fund the capital  expenses required  for Inoculum unit at Aler and proposed new unit at Ibrahimpatnam. Apart from this proceeds from ths issue will also be used for  cash required for funding day to day company activities, sundry corporate expenses and issue related expenses

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars

For the year/period ended (in Rs. million)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

110.4

95.7

57.8

51.1

19.7

 

Total Revenue

151.5

143.2

81.9

53.0

4.33

 

Profit After Tax

11.5

3.18

0.75

0.87

0.19

 

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