Banka BioLoo Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 519,600 (47%) | — | ₹598 Cr |
| Retail | — | 519,600 (47%) | — | ₹598 Cr |
| Market Maker | — | 58,800 (5%) | — | ₹7 Cr |
| Σ Total | — | 1,098,000 (100%) | — | ₹12,627 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹138,000 |
| Retail (Max) | 13 | 15,600 | ₹1,794,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,932,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,246,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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.