Bulkcorp International IPO vs S A Tech Software IPO

Comparison between Bulkcorp International IPO and S A Tech Software IPO.

IPO Details

Bulkcorp International IPO is a SME Bookbuilding IPO proposed to list at NSE SME while S A Tech Software IPO is a SME Bookbuilding proposed to list at NSE SME.

	Bulkcorp International IPO	S A Tech Software IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Sunflower Broking Pvt.Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bulkcorp International IPO is up to ₹19.73 Cr whereas the issue size of the S A Tech Software IPO is up to ₹21.33 Cr. The final issue price of Bulkcorp International IPO is ₹105.00 per share and of S A Tech Software IPO is ₹59.00 per share.

	Bulkcorp International IPO	S A Tech Software IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share	₹56.00 per share
Issue Price (Upper)	₹105.00 per share	₹59.00 per share
Issue Price (Final)	₹105.00 per share	₹59.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	18,79,200 shares	36,16,000 shares
Fresh Issue Size (Amount)	up to ₹19.73 Cr	up to ₹21.33 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	18,79,200 shares	36,16,000 shares
Issue Size Total (Amount)	up to ₹19.73 Cr	up to ₹21.33 Cr

IPO Timetable

Bulkcorp International IPO opens on Jul 30, 2024, while S A Tech Software IPO opens on Jul 26, 2024. The closing date of Bulkcorp International IPO and S A Tech Software IPO is Aug 01, 2024, and Jul 30, 2024, respectively.

	Bulkcorp International IPO	S A Tech Software IPO
Anchor Bid Date	Jul 29, 2024	Jul 25, 2024
Issue Open	Jul 30, 2024	Jul 26, 2024
Issue Close	Aug 01, 2024	Jul 30, 2024
Basis Of Allotment (Tentative)	Aug 02, 2024	Jul 31, 2024
Initiation of Refunds (Tentative)	Aug 05, 2024	Aug 01, 2024
Credit of Share (Tentative)	Aug 05, 2024	Aug 01, 2024
Listing date (Tentative)	Aug 06, 2024	Aug 02, 2024
Anchor Lockin End date 1	Sep 01, 2024	Aug 30, 2024
Anchor Lockin End date 2	Oct 31, 2024	Oct 29, 2024

Financials & KPIs

Bulkcorp International IPO P/E ratio is 16.33, as compared to S A Tech Software IPO P/E ratio of 14.65.

Bulkcorp International IPO

S A Tech Software IPO

Financials

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 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
Total Income	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

S A Tech Software India Limited Financial Information (Restated)

S A Tech Software India Limited's revenue increased by 27.59% and profit after tax (PAT) rose by 266.7% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,703.23	3,706.06	3,465.95	3,229.19
Total Income	2,397.18	7,238.12	5,673.05	4,154.37
Profit After Tax	248.07	368.86	100.59	-548.25
Net Worth	1,414.43	1,166.35	772.48	663.89
Reserves and Surplus	498.70	250.62	729.50	620.91
Total Borrowing	2,105.22	1,288.12	1,459.18	1,959.34
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.10`

79.27

Promoter Shareholding (Post-Issue)

72.26

P/E Ratio

16.33

14.65

Market Cap

₹78.90 Cr.

₹77.04 Cr.

ROE

50.40%

ROCE

40.25%

10.95%

Debt/Equity

0.68

1.49

EPS

₹6.43

₹4.03

RoNW

38.10%

17.54%

Shares Offered

In the Bulkcorp International IPO Retail Individual Investors (RII) are offered 6,58,800 shares while in S A Tech Software IPO retail investors are offered 6,58,800 shares. Qualified Institutional Buyers (QIB) are offered 3,75,600 shares in Bulkcorp International IPO and 7,24,000 shares in S A Tech Software IPO.

	Bulkcorp International IPO	S A Tech Software IPO
Anchor Investor Reserveration	5,62,800 shares	10,82,000 shares
Market Maker Reserveration	99,600 shares	2,84,000 shares
QIB	3,75,600 shares	7,24,000 shares
NII	2,82,000 shares	5,44,000 shares
RII	6,58,800 shares	12,66,000 shares
Employee
Others
Total	18,79,200 shares	36,16,000 shares

Bids Received (Subscription)

Bulkcorp International IPO subscribed 264.90x in total, whereas S A Tech Software IPO subscribed 621.25x.

	Bulkcorp International IPO	S A Tech Software IPO
QIB (times)	104.42x	201.29x
NII (times)	251.39x	1,178.97x
Big NII (times)
Small NII (times)
RII (times)	362.17x	621.77x
Employee (times)
Other (times)
Total (times)	264.90x	621.25x

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