Bulkcorp IPO vs Kizi Apparels IPO

Comparision between Bulkcorp IPO and Kizi Apparels IPO.

IPO Details

Bulkcorp IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Kizi Apparels IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Bulkcorp IPO	Kizi Apparels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Swastika Investmart Ltd	Interactive Financial Services Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Beeline Broking Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bulkcorp IPO is up to ₹20.78 Cr whereas the issue size of the Kizi Apparels IPO is up to ₹5.58 Cr. The final issue price of Bulkcorp IPO is ₹105.00 per share and of Kizi Apparels IPO is ₹21.00 per share.

	Bulkcorp IPO	Kizi Apparels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share
Issue Price (Upper)	₹105.00 per share
Issue Price (Final)	₹105.00 per share	₹21.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	6000 shares
Fresh Issue Size	19,78,800 shares	26,58,000 shares
Fresh Issue Size (Amount)	up to ₹20.78 Cr	up to ₹5.58 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	19,78,800 shares	26,58,000 shares
Issue Size Total (Amount)	up to ₹20.78 Cr	up to ₹5.58 Cr

IPO Timetable

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

	Bulkcorp IPO	Kizi Apparels IPO
Anchor Bid Date	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
Anchor Lockin End date 2	Oct 31, 2024

Financials

Bulkcorp IPO P/E ratio is 16.33, as compared to Kizi Apparels IPO P/E ratio of 15.01.

Bulkcorp IPO

Kizi Apparels IPO

Financial

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

Kizi Apparels Limited Financial Information (Restated)

Kizi Apparels Limited's revenue increased by 30.84% and profit after tax (PAT) rose by 31.36% 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	1,340.30	1,135.10	725.14
Revenue	2,027.37	1,549.50	539.17
Profit After Tax	72.21	54.97	20.64
Net Worth	587.49	394.86	336.95
Reserves and Surplus	71.37
Total Borrowing	514.61	310.96	242.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.10%`

85.36%

Promoter Shareholding (Post-Issue)

72.26%

56.35%

P/E Ratio

16.33

15.01

Market Cap

₹78.90 Cr.

₹16.42 Cr.

ROE

50.40%%

15%%

ROCE

40.25%%

14%%

Debt/Equity

0.68

0.88

EPS

₹6.43

₹1.40

RoNW

38.10%%

12.29%%

Shares Offered

In the Bulkcorp IPO retail investors (RII) are offered 6,58,800 shares while in Kizi Apparels IPO retail investors are offered 6,58,800 shares. Qualified institutional buyers (QIB) are offered 3,75,600 shares in Bulkcorp IPO and 0 shares in Kizi Apparels IPO.

	Bulkcorp IPO	Kizi Apparels IPO
Anchor Investor Reserveration	9,38,400 shares
Market Maker Reserveration	99,600 shares	1,38,000 shares
QIB	3,75,600 shares	0 shares
NII	2,82,000 shares	12,60,000 shares
RII	6,58,800 shares	12,60,000 shares
Employee	0 shares	0 shares
Others
Total	13,16,400 shares	25,20,000 shares

Bids Received (Subscription)

Bulkcorp IPO subscribed 264.90x in total, whereas Kizi Apparels IPO subscribed 115.60x.

	Bulkcorp IPO	Kizi Apparels IPO
QIB (times)	104.42x
NII (times)	251.39x	89.58x
Big NII (times)
Small NII (times)
RII (times)	362.17x	139.62x
Employee (times)
Other (times)
Total (times)	264.90x	115.60x

Compare with others

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

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