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Bulkcorp IPO is a book built issue of Rs 20.78 crores. The issue is entirely a fresh issue of 19.79 lakh shares.
Bulkcorp IPO bidding started from July 30, 2024 and ended on August 1, 2024. The allotment for Bulkcorp IPO was finalized on Friday, August 2, 2024. The shares got listed on NSE SME on August 6, 2024.
Bulkcorp IPO price band is set at ₹100 to ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹252,000.
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 | August 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,978,800 shares (aggregating up to ₹20.78 Cr) |
| Fresh Issue | 1,978,800 shares (aggregating up to ₹20.78 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 |
Bulkcorp IPO offers 2,354,400 shares. 375,600 (15.95%) to QIB, 282,000 (11.98%) to NII, 658,800 (27.98%) to RII and 938,400 (39.86%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 938,400 (39.86%) |
| Market Maker Shares Offered | 99,600 (4.23%) |
| QIB Shares Offered | 375,600 (15.95%) |
| NII (HNI) Shares Offered | 282,000 (11.98%) |
| Retail Shares Offered | 658,800 (27.98%) |
| Total Shares Offered | 2,354,400 (100%) |
Bulkcorp IPO raises Rs 9.85 crore from anchor investors. Bulkcorp IPO Anchor bid date is July 29, 2024. Bulkcorp IPO Anchor Investors list
| Bid Date | July 29, 2024 |
| Shares Offered | 938,400 |
| Anchor Portion Size (In Cr.) | 9.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2024 |
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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
| Lot Size Calculator | |||
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 | ||||
The market capitalization of Bulkcorp IPO is Rs 78.9 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 50.40% |
| ROCE | 40.25% |
| Debt/Equity | 0.68 |
| RoNW | 38.10% |
| P/BV | 6.22 |
| PAT Margin (%) | 7.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.43 | 4.74 |
| P/E (x) | 16.33 | 22.17 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] Though the company is operating in a highly competitive and fragmented segment, it has created a niche place and having major contribution from high margin exports business. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the long term rewards. Read detail review...
The Bulkcorp IPO is subscribed 264.90 times on August 1, 2024 6:19:59 PM. The public issue subscribed 362.17 times in the retail category, 104.42 times in the QIB category, and 251.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 104.42 |
| NII | 251.39 |
| Retail | 362.17 |
| Total | 264.90 |
Total Application : 198,833 (362.17 times)
| Listing Date | August 6, 2024 |
| BSE Script Code | |
| NSE Symbol | BULKCORP |
| ISIN | INE0SZ301012 |
| Final Issue Price | ₹105 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹105.00 |
| ₹130.00 |
| ₹130.00 |
| ₹136.50 |
| ₹136.50 |
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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Bulkcorp IPO is a SME IPO of 1,978,800 equity shares of the face value of ₹10 aggregating up to ₹20.78 Crores. The issue is priced at ₹100 to ₹105 per share. The minimum order quantity is 1200 Shares.
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 is 1200 Shares, and the minimum amount required is ₹126,000.
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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