Ashapura Logistics IPO vs Bulkcorp IPO

Comparision between Ashapura Logistics IPO and Bulkcorp IPO.

IPO Details

Ashapura Logistics IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Bulkcorp IPO is a SME Book Built Issue proposed to list at NSE SME.

	Ashapura Logistics IPO	Bulkcorp IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Swastika Investmart Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker	Spread X Securities Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ashapura Logistics IPO is up to ₹52.66 Cr whereas the issue size of the Bulkcorp IPO is up to ₹20.78 Cr. The final issue price of Ashapura Logistics IPO is ₹144.00 per share and of Bulkcorp IPO is ₹105.00 per share.

	Ashapura Logistics IPO	Bulkcorp IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹136.00 per share	₹100.00 per share
Issue Price (Upper)	₹144.00 per share	₹105.00 per share
Issue Price (Final)	₹144.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	36,57,000 shares	19,78,800 shares
Fresh Issue Size (Amount)	up to ₹52.66 Cr	up to ₹20.78 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,57,000 shares	19,78,800 shares
Issue Size Total (Amount)	up to ₹52.66 Cr	up to ₹20.78 Cr

IPO Timetable

Ashapura Logistics IPO opens on Jul 30, 2024, while Bulkcorp IPO opens on Jul 30, 2024. The closing date of Ashapura Logistics IPO and Bulkcorp IPO is Aug 01, 2024, and Aug 01, 2024, respectively.

	Ashapura Logistics IPO	Bulkcorp IPO
Anchor Bid Date	Jul 29, 2024	Jul 29, 2024
Issue Open	Jul 30, 2024	Jul 30, 2024
Issue Close	Aug 01, 2024	Aug 01, 2024
Basis Of Allotment (Tentative)	Aug 02, 2024	Aug 02, 2024
Initiation of Refunds (Tentative)	Aug 05, 2024	Aug 05, 2024
Credit of Share (Tentative)	Aug 05, 2024	Aug 05, 2024
Listing date (Tentative)	Aug 06, 2024	Aug 06, 2024
Anchor Lockin End date 1	Sep 01, 2024	Sep 01, 2024
Anchor Lockin End date 2	Oct 31, 2024	Oct 31, 2024

Financials

Ashapura Logistics IPO P/E ratio is 11.54, as compared to Bulkcorp IPO P/E ratio of 16.33.

Ashapura Logistics IPO

Bulkcorp IPO

Financial

Ashapura Logistics Limited Financial Information (Restated Consolidated)

Ashapura Logistics Limited's revenue decreased by -10.45% and profit after tax (PAT) rose by 30.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,644.88	10,461.66	11,568.76
Revenue	19,934.57	22,260.31	22,713.84
Profit After Tax	1,235.44	946.98	788.26
Net Worth	6,532.31	4,796.60	3,852.04
Reserves and Surplus	5,542.40	4,759.80	3,815.32
Total Borrowing	12.90	9.87	8.17
Amount in ₹ Lakhs

Bulk Corp International Limited Financial Information (Restated)

Bulk Corp International Limited's revenue increased by 19.37% and profit after tax (PAT) rose by 193.6% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,236.39	1,765.18	2,177.10	1,975.97
Revenue	4,650.45	3,895.71	4,919.90	3,176.36
Profit After Tax	355.90	121.22	172.56	63.53
Net Worth	934.06	478.16	356.95	188.26
Reserves and Surplus	380.54	297.16	175.95	7.26
Total Borrowing	634.23	542.28	889.24	648.89
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.45%

98.10%`

Promoter Shareholding (Post-Issue)

67.51%

72.26%

P/E Ratio

11.54

16.33

Market Cap

₹195.21 Cr.

₹78.90 Cr.

ROE

21.82%%

50.40%%

ROCE

20.69%%

40.25%%

Debt/Equity

0.63

0.68

EPS

₹12.48

₹6.43

RoNW

18.92%%

38.10%%

Shares Offered

In the Ashapura Logistics IPO retail investors (RII) are offered 12,16,000 shares while in Bulkcorp IPO retail investors are offered 12,16,000 shares. Qualified institutional buyers (QIB) are offered 6,96,000 shares in Ashapura Logistics IPO and 3,75,600 shares in Bulkcorp IPO.

	Ashapura Logistics IPO	Bulkcorp IPO
Anchor Investor Reserveration	10,40,000 shares	9,38,400 shares
Market Maker Reserveration	1,83,000 shares	99,600 shares
QIB	6,96,000 shares	3,75,600 shares
NII	5,22,000 shares	2,82,000 shares
RII	12,16,000 shares	6,58,800 shares
Employee	0 shares	0 shares
Others
Total	24,34,000 shares	13,16,400 shares

Bids Received (Subscription)

Ashapura Logistics IPO subscribed 185.75x in total, whereas Bulkcorp IPO subscribed 264.90x.

	Ashapura Logistics IPO	Bulkcorp IPO
QIB (times)	128.23x	104.42x
NII (times)	289.33x	251.39x
Big NII (times)
Small NII (times)
RII (times)	174.21x	362.17x
Employee (times)
Other (times)
Total (times)	185.75x	264.90x

Compare with others

Ashapura Logistics IPO	Bulkcorp IPO
Picture Post Studios IPO	Dhariwalcorp IPO
Afcom Holdings IPO	Utssav Cz Gold Jewels IPO
Dhariwalcorp IPO	Kizi Apparels IPO
Utssav Cz Gold Jewels IPO	Ashapura Logistics IPO
Kizi Apparels IPO	Rajputana Industries IPO
Rajputana Industries IPO	Sathlokhar Synergys E&C Global IPO
Bulkcorp IPO	Trom Industries IPO
Sathlokhar Synergys E&C Global IPO	Esprit Stones IPO
Trom Industries IPO	S A Tech Software India IPO
Esprit Stones IPO	Aprameya Engineering IPO

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