Banka BioLoo Limited IPO

Add to Calendar 2018-02-05 12:00 AM 2018-02-07 12:00 AM Asia/Kolkata Banka BioLoo Limited IPO Banka BioLoo Limited India

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

 

Issue Detail

  • Issue Open: Feb 05, 2018
  • Issue Close: Feb 07, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 115 Per Equity Share
  • Bid Lot:1200 Shares
  • Minimum Order Quantity:1200 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 12.63 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 519,600 519,600 - 58,800 1,098,000
Day 1 - Feb 05, 2018IST 0 0 16,800 - - 16,800
Day 2 - Feb 06, 2018IST 0 2,400 45,600 - - 48,000
Day 3 - Feb 07, 2018IST 0 440,400 80,400 - - 520,800
Day 4 - Feb 08, 2018IST 0 442,800 86,400 - - 529,200
Day 5 - Feb 09, 2018IST 0 442,800 93,600 - - 536,400
Day 6 - Feb 12, 2018IST - - - - - -
Day 7 - Feb 14, 2018IST 0 747,600 186,000 - - 933,600

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 115.00
Open - Rs 114.00
Low - Rs 114.00
High - Rs 120.00
Last Trade - Rs 115.00
Volume - 112,800

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