Bulkcorp International Limited IPO Message Board (Page 2)

​@Admin @ Chittorgarh.com Iam unable to post some messages mentioning some points about the company. The message is getting auto disabled. Kindly advise.

please allow IPO veterans to message their view

The GMP and subscriptions already is the answer for many

Still people wanting a different perspective :

Decent track record of LM/MM. Good Anchors.

Experienced promoter and management. They have expertise to make customers sticky with their dynamic pricing options

Good exposure to export market. New product (Type D FIBC Bags, MAP Bags) with higher margins is the reason for growth in revenues and margins. They have increased capacity where current capacity utilisation is close to 72%, to use recycling materials to manufacture FIBC bags.

PAT Margins, growth in revenues, special licenses from foreign entities are key differentiating factors than peers hence the premium IPO price at 33 P/E. Although the last pre ipo allotment was done at Rs 285 to Chanakya Opportunities Fund.

Working capital estimates look inflated and sustaining at those levels is questionable for FY25 and FY26, when on avg working capital requirement is increasing around 36%.

Dip in financials in FY23 is laregely attributed to pandemic.

​@RajIndia After the issuance at Rs 285, there was this usual SME bonus shares exercise which brings down the price to Rs 95 for Chanakya Fund.

Thanks for the detailed information

Welcome to the world of ipo..🤩