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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.
IPO Date | July 30, 2024 to August 1, 2024 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price | [.] to [.] per share |
Lot Size | |
Total Issue Size | 1,978,800 shares (aggregating up to ₹[.] Cr) |
Fresh Issue | 1,978,800 shares (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 5,535,264 |
Share holding post issue | 7,514,064 |
Market Maker portion | 99,600 shares Sunflower Broking |
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
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 |
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% |
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'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 |
KPI as of March 31, 2024.
KPI | Values |
---|---|
ROE | 50.40% |
ROCE | 40.25% |
Debt/Equity | 0.68 |
RoNW | 38.10% |
PAT Margin (%) | 7.88 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Check our SME IPO Guide
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
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.
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