Bulkcorp IPO vs Rajputana Industries IPO

Comparision between Bulkcorp IPO and Rajputana Industries IPO.

IPO Details

Bulkcorp IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rajputana Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Bulkcorp IPO	Rajputana Industries 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	Swastika Investmart Ltd	Holani Consultants Private Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Holani Consultants 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 Bulkcorp IPO is up to ₹20.78 Cr whereas the issue size of the Rajputana Industries IPO is up to ₹23.88 Cr. The final issue price of Bulkcorp IPO is ₹105.00 per share and of Rajputana Industries IPO is ₹38.00 per share.

	Bulkcorp IPO	Rajputana Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share	₹36.00 per share
Issue Price (Upper)	₹105.00 per share	₹38.00 per share
Issue Price (Final)	₹105.00 per share	₹38.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	19,78,800 shares	62,85,000 shares
Fresh Issue Size (Amount)	up to ₹20.78 Cr	up to ₹23.88 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	19,78,800 shares	62,85,000 shares
Issue Size Total (Amount)	up to ₹20.78 Cr	up to ₹23.88 Cr

IPO Timetable

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

	Bulkcorp IPO	Rajputana Industries 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

Bulkcorp IPO P/E ratio is 16.33, as compared to Rajputana Industries IPO P/E ratio of 11.81.

Bulkcorp IPO

Rajputana Industries 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

Rajputana Industries Limited Financial Information (Restated)

Rajputana Industries Limited's revenue increased by 28.11% and profit after tax (PAT) rose by 65.54% 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	14,974.81	11,781.27	10,236.66
Revenue	32,701.29	25,524.98	24,450.96
Profit After Tax	512.64	309.67	263.77
Net Worth	3,257.20	2,743.85	1,712.39
Total Borrowing	2,936.30	3,001.61	2,537.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.10%`

92.15%

Promoter Shareholding (Post-Issue)

72.26%

P/E Ratio

16.33

11.81

Market Cap

₹78.90 Cr.

₹84.42 Cr.

ROE

50.40%%

17.09%%

ROCE

40.25%%

30.28%%

Debt/Equity

0.68

EPS

₹6.43

₹3.22

RoNW

38.10%%

15.74%%

Shares Offered

In the Bulkcorp IPO retail investors (RII) are offered 6,58,800 shares while in Rajputana Industries IPO retail investors are offered 6,58,800 shares. Qualified institutional buyers (QIB) are offered 3,75,600 shares in Bulkcorp IPO and 10,74,000 shares in Rajputana Industries IPO.

	Bulkcorp IPO	Rajputana Industries IPO
Anchor Investor Reserveration	9,38,400 shares	16,11,000 shares
Market Maker Reserveration	99,600 shares	3,60,000 shares
QIB	3,75,600 shares	10,74,000 shares
NII	2,82,000 shares	9,00,000 shares
RII	6,58,800 shares	20,10,000 shares
Employee	0 shares	30,000 shares
Others
Total	13,16,400 shares	43,14,000 shares

Bids Received (Subscription)

Bulkcorp IPO subscribed 264.90x in total, whereas Rajputana Industries IPO subscribed 376.41x.

	Bulkcorp IPO	Rajputana Industries IPO
QIB (times)	104.42x	177.94x
NII (times)	251.39x	417.95x
Big NII (times)
Small NII (times)
RII (times)	362.17x	524.61x
Employee (times)		2.80x
Other (times)		6.67x
Total (times)	264.90x	376.41x

Compare with others

Bulkcorp IPO	Rajputana Industries 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	Ashapura Logistics 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	S A Tech Software India IPO

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