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Bulkcorp International Limited IPO (Bulkcorp IPO) Detail

July 30, 2024 - August 1, 2024

Bulkcorp IPO is a book built issue of 19.79 lakh shares. The issue is entirely a fresh issue of 19.79 lakh shares.

Bulkcorp IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. The allotment for the Bulkcorp IPO is expected to be finalized on Friday, August 2, 2024. Bulkcorp IPO will list on NSE SME with tentative listing date fixed as Tuesday, August 6, 2024.

Bulkcorp IPO price bands are yet to be announced.

Swastika Investmart Ltd is the book running lead manager of the Bulkcorp IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Bulkcorp IPO is Sunflower Broking.

Refer to Bulkcorp IPO RHP for detailed information.

Bulkcorp IPO Details

IPO Date July 30, 2024 to August 1, 2024
Listing Date [.]
Face Value ₹10 per share
Price [.] to [.] per share
Lot Size
Total Issue Size1,978,800 shares
(aggregating up to ₹[.] Cr)
Fresh Issue1,978,800 shares
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue5,535,264
Share holding post issue7,514,064
Market Maker portion99,600 shares
Sunflower Broking

Bulkcorp IPO Reservation

Investor Category Shares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Bulkcorp IPO Timeline (Tentative Schedule)

Bulkcorp IPO opens on July 30, 2024, and closes on August 1, 2024.

IPO Open Date Tuesday, July 30, 2024
IPO Close Date Thursday, August 1, 2024
Basis of Allotment Friday, August 2, 2024
Initiation of Refunds Monday, August 5, 2024
Credit of Shares to Demat Monday, August 5, 2024
Listing Date Tuesday, August 6, 2024
Cut-off time for UPI mandate confirmation 5 PM on August 1, 2024

Bulkcorp IPO Promoter Holding

The Promoters of the company are Mr. Punit Mahendra Gopalka, Mr. Anup Mahendra Gopalka and Mr. Sanjay Pandurang Sadavarte.

Share Holding Pre Issue 98.10%`
Share Holding Post Issue 72.26%

About Bulkcorp International Limited

Founded in 2009, Bulkcorp International Limited produces and distributes Food-Grade Flexible Intermediate Bulk Container (FIBC) bags.

The company provides a variety of customizable packaging solutions, such as eight variations of FIBC bags (Jumbo Bags) and container liners.

The company's manufacturing unit in Changodar, Ahmedabad meets the BRC Global Standard for Packing and Packaging Materials and has achieved Grade A certification.

The company is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, as well as BRC certification.

The company's products are supplied to industries such as agriculture, chemicals, construction, food, pharmaceuticals, and mining.

The company has exported its product to the countries such as United States of America, Canada, United Kingdom, South Africa, Ivory Coast, South Korea, Spain, Europe, Egypt etc.

As of May 31, 2024, the company employs 195 people including workers.

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 Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets3,236.391,765.182,177.101,975.97
Revenue4,650.453,895.714,919.903,176.36
Profit After Tax355.90121.22172.5663.53
Net Worth934.06478.16356.95188.26
Reserves and Surplus380.54297.16175.957.26
Total Borrowing634.23542.28889.24648.89
Amount in ₹ Lakhs

Key Performance Indicator

KPI as of March 31, 2024.

KPI Values
ROE50.40%
ROCE40.25%
Debt/Equity0.68
RoNW38.10%
PAT Margin (%)7.88

Objects of the Issue (Bulkcorp IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  • Capital Expenditure
  • To Meet Working Capital Requirements
  • General Corporate Purpose

Bulkcorp IPO Prospectus

Bulkcorp IPO Rating

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Bulkcorp International Limited Contact Details

Bulkcorp International Limited
309, Safal Prelude, Corporate Road
Off Prahalad Nagar
Audagarden, Ahmedabad– 380 015
Phone: +91-79-4899 6823
Email: compliance@bulkcorp-int.com
Website: https://www.bulkcorp-int.com/

Bulkcorp IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Bulkcorp IPO - Buy or Not

Bulkcorp IPO Recommendation Summary

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Bulkcorp IPO FAQs

Bulkcorp IPO is a SME IPO of 1,978,800 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .

The IPO opens on July 30, 2024, and closes on August 1, 2024.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Bulkcorp IPO using UPI as a payment gateway. Zerodha customers can apply in Bulkcorp IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Bulkcorp IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Bulkcorp IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Bulkcorp IPO opens on July 30, 2024 and closes on August 1, 2024.

Bulkcorp IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Bulkcorp IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bulkcorp IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Monday, August 5, 2024. Check the Bulkcorp IPO allotment status.

The Bulkcorp IPO listing date is not yet announced. The tentative date of Bulkcorp IPO listing is Tuesday, August 6, 2024.
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