Banka BioLoo IPO is set to make its debut on 5th feb 18 with 12.63 cr is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products.
Banka BioLoo IPO – overview
| IPO Dates | 5-16 Feb 18 |
| IPO Price | INR 115 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,098,000 shares (INR 12.63 crore) |
| Minimum bid (lot size) | 1200 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Banka BioLoo IPO – Tentative Dates
| IPO Offer Opening Date | 5 Feb 2018 |
| IPO Closing Date | 6 Feb 2018 |
| Finalization of Basis of Allotment | 12 Feb 2018 |
| Initiation of refunds | 14 Feb 2018 |
| Transfer of shares to demat accounts | 15 Feb 2018 |
| IPO Listing Date | 16 Feb 2018 |
Company Overview
Incorporated in 2008, Banka BioLoo (India) Limited is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. Company sells smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc., mobile related products, tablets, data cards, accessories under one roof through its owned 72 retail outlets and 24 franchisees located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc.
The company also provides credit/EMI facilities to its customers for buying its products for which it has tied up with major leading credit houses like Bajaj FinServ, Capital First etc.
The company purchases the phones either from distributors or directly from the manufacturers. Bhatia Communications have 84 full-time employees.
Objects of the Issue
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.
5. Issue Related Expenses.
Company Contact Information
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
Banka Bioloo IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Banka Bioloo IPO Lead Manager(s)
- Aryaman Financial Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
