Bulkcorp International IPO will open for subscription from 30 July 2024. The company aims for an issue size of ₹20.78 Cr through this IPO.
Company Overview
| Full name | Bulkcorp International Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | https://www.bulkcorp-int.com/ |
About Company
Incorporated in 2009, Bulk Corp International specializes in the manufacturing and supply of Food Grade Flexible Intermediate Bulk Container (FIBC) bags. The company offers a wide range of customizable packaging solutions, including FIBC bags (Jumbo Bags) in eight variations and container liners. The company caters to the needs of crucial industries such as agriculture, chemical, construction, food, pharmaceutical, and mining. Its customer base spans the globe, with a presence in countries like the United States of America, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, various European nations, and Egypt.
The manufacturing unit is situated in Changodar, Ahmedabad. The company has expanded its capacity by installing new machinery at the premises adjacent to its existing facility. Due to this expansion, the installed capacity of the company’s manufacturing facility has doubled from 2,400 metric tonnes per annum (MTPA) to 4,800 MTPA. As of 31 May 2024, the company has a total of 195 employees, including workers.
The Objectives of the Issue
- Capital Expenditure
- To Meet Working Capital Requirements
- General Corporate Purpose
Bulkcorp International IPO Timetable
| IPO Opening date | 30 July 2024 |
| IPO Closing | 01 August 2024 |
| Basis of Allotment | 02 August 2024 |
| Initiation Refund | 05 August 2024 |
| Credit to Demat Account | 05 August 2024 |
| Listing Date | 06 August 2024 |
Bulkcorp International IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹20.78 Cr – 1,978,800 shares |
| Fresh Issue | ₹20.78 Cr – 1,978,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹100 to ₹105 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 99,600 shares |
| Shareholding pre-issue | 5,535,264 |
| Shareholding post-issue | 7,514,064 |
| Listing Exchange | NSE SME |
Bulkcorp International Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
Bulkcorp International Offer Documents
Bulkcorp International IPO Reservation Details
.
| 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 International Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 48.42 | 38.47 | 45.18 |
| Expenses | 46.95 | 37.24 | 41.71 |
| Net income | 1.73 | 1.21 | 3.56 |
Bulkcorp International Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 3.18 | 2.23 | 6.47 |
| PE ratio | – | – | 15.46 – 16.23 |
| RONW (%) | 48.34 | 25.35 | 38.10 |
| NAV | 6.57 | 8.81 | 16.87 |
| ROCE (%) | 27.62 | 19.85 | 40.25 |
| EBITDA (%) | 5.58 | 6.29 | 10.38 |
| Debt/Equity | 2.49 | 1.13 | 0.68 |
Company Promoters
- Mr. Punit Mahendra Gopalka
- Mr. Anup Mahendra Gopalka
- Mr. Sanjay Pandurang Sadavarte
Promoter Holding
| Pre Issue Share Holding | 98.10% |
| Post Issue Share Holding | 72.26% |
Bulkcorp International Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 August 2024 | 80 | – | 72,000 |
| 3 August 2024 | 90 | – | 81,000 |
| 2 August 2024 | 90 | – | 81,000 |
| 1 August 2024 | 90 | – | 81,000 |
| 31 July 2024 | 85 | – | 75,000 |
| 30 July 2024 | 75 | – | 68,500 |
| 29 July 2024 | 52 | – | 45,000 |
| 27 July 2024 | 10 | – | 9,000 |
| 26 July 2024 | 10 | – | 9,000 |
Bulkcorp International IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 3,75,600 | 2,82,000 | 6,58,800 | 13,16,400 |
| 1 Aug 2024 | 104.42 | 251.23 | 351.42 | 259.48 |
| 31 Jul 2024 | 5.28 | 31.14 | 91.38 | 53.91 |
| 30 Jul 2024 | 4.77 | 6.74 | 21.79 | 13.71 |
Bulkcorp International IPO Allotment Status
Bulk Corp International IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Bulkcorp International IPO Listing Details
| Listing Date | 06 August 2024 |
| BSE Scrip Code | |
| NSE Symbol | BULKCORP |
| ISIN | INE0SZ301012 |
| Final Issue Price | ₹105 per share |
Bulkcorp International IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹105.00 |
| Open | ₹130.00 |
| Low | ₹130.00 |
| High | ₹136.50 |
| Last Trade | ₹136.50 |
Bulkcorp International IPO Lead Manager(s)
SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email: merchantbanking@swastika.co.in
Website: www.swastika.co.in
Bulkcorp International IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: bil.ipo@kfintech.com
Website: www.kfintech.com
Bulkcorp International Contact Details
BULK CORP INTERNATIONAL LIMITED
309, Safal Prelude, Corporate Road, Off Prahalad Nagar
Audagarden, Ahmedabad– 380 015, Gujarat
Phone: +91-79-4899 6823
E-mail: compliance@bulkcorp-int.com
Website: www.bulkcorp-int.com
Bulkcorp International IPO FAQs
What is the Bulk Corp IPO size?
Bulk Corp International offer size is ₹ 19.79 – 20.78 crores.
What is the Bulk Corp IPO price band?
Bulk Corp International public offer price is ₹ 100 – 105 per share.
What is the lot size of the Bulk Corp International IPO?
Bulk Corp International offer a lot size is 1,200 shares.
What is Bulk Corp International IPO GMP today?
Bulk Corp International IPO GMP today is ₹ 80 per share.
What is the Bulk Corp International kostak rate today?
Bulk Corp International kostak rate today is ₹ NA per application.
What is Bulk Corp International Subject to the Sauda rate today?
Bulk Corp International is Subject to the Sauda rate today is ₹ 72,000 per application.
Final thoughts
Bulkcorp International IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
