Bulkcorp International IPO vs Dhariwalcorp IPO

Comparison between Bulkcorp International IPO and Dhariwalcorp IPO.

IPO Details

Bulkcorp International IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Dhariwalcorp IPO is a SME Bookbuilding proposed to list at NSE SME.

	Bulkcorp International IPO	Dhariwalcorp 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.	Shreni Shares Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Sunflower Broking Pvt.Ltd.	Shreni Shares 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 Dhariwalcorp IPO is up to ₹23.84 Cr. The final issue price of Bulkcorp International IPO is ₹105.00 per share and of Dhariwalcorp IPO is ₹106.00 per share.

	Bulkcorp International IPO	Dhariwalcorp IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share	₹102.00 per share
Issue Price (Upper)	₹105.00 per share	₹106.00 per share
Issue Price (Final)	₹105.00 per share	₹106.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	18,79,200 shares	22,48,800 shares
Fresh Issue Size (Amount)	up to ₹19.73 Cr	up to ₹23.84 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	22,48,800 shares
Issue Size Total (Amount)	up to ₹19.73 Cr	up to ₹23.84 Cr

IPO Timetable

Bulkcorp International IPO opens on Jul 30, 2024, while Dhariwalcorp IPO opens on Aug 01, 2024. The closing date of Bulkcorp International IPO and Dhariwalcorp IPO is Aug 01, 2024, and Aug 05, 2024, respectively.

	Bulkcorp International IPO	Dhariwalcorp IPO
Anchor Bid Date	Jul 29, 2024	Jul 31, 2024
Issue Open	Jul 30, 2024	Aug 01, 2024
Issue Close	Aug 01, 2024	Aug 05, 2024
Basis Of Allotment (Tentative)	Aug 02, 2024	Aug 06, 2024
Initiation of Refunds (Tentative)	Aug 05, 2024	Aug 07, 2024
Credit of Share (Tentative)	Aug 05, 2024	Aug 07, 2024
Listing date (Tentative)	Aug 06, 2024	Aug 08, 2024
Anchor Lockin End date 1	Sep 01, 2024	Sep 05, 2024
Anchor Lockin End date 2	Oct 31, 2024	Nov 04, 2024

Financials & KPIs

Bulkcorp International IPO P/E ratio is 16.33, as compared to Dhariwalcorp IPO P/E ratio of 15.48.

Bulkcorp International IPO

Dhariwalcorp 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

Dhariwalcorp Limited Financial Information (Restated)

Dhariwalcorp Limited's revenue increased by 18.4% and profit after tax (PAT) rose by 653.06% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,131.30	1,961.06	1,351.04
Total Income	23,111.35	19,519.43	15,920.11
Profit After Tax	450.63	59.84	142.41
Net Worth	875.00	251.42	191.58
Reserves and Surplus	217.10	241.42	181.58
Total Borrowing	878.76	618.13	571.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.10`

99.99

Promoter Shareholding (Post-Issue)

72.26

73.50

P/E Ratio

16.33

15.48

Market Cap

₹78.90 Cr.

₹94.88 Cr.

ROE

50.40%

51.50%

ROCE

40.25%

59.80%

Debt/Equity

0.68

1.00

EPS

₹6.43

₹6.85

RoNW

38.10%

51.50%

Shares Offered

In the Bulkcorp International IPO Retail Individual Investors (RII) are offered 6,58,800 shares while in Dhariwalcorp IPO retail investors are offered 6,58,800 shares. Qualified Institutional Buyers (QIB) are offered 3,75,600 shares in Bulkcorp International IPO and 4,42,800 shares in Dhariwalcorp IPO.

	Bulkcorp International IPO	Dhariwalcorp IPO
Anchor Investor Reserveration	5,62,800 shares	6,60,000 shares
Market Maker Reserveration	99,600 shares	1,23,600 shares
QIB	3,75,600 shares	4,42,800 shares
NII	2,82,000 shares	3,48,000 shares
RII	6,58,800 shares	7,98,000 shares
Employee
Others
Total	18,79,200 shares	22,48,800 shares

Bids Received (Subscription)

Bulkcorp International IPO subscribed 264.90x in total, whereas Dhariwalcorp IPO subscribed 174.95x.

	Bulkcorp International IPO	Dhariwalcorp IPO
QIB (times)	104.42x	76.93x
NII (times)	251.39x	279.17x
Big NII (times)
Small NII (times)
RII (times)	362.17x	183.89x
Employee (times)
Other (times)
Total (times)	264.90x	174.95x

Compare with others

Bulkcorp International IPO	Dhariwalcorp IPO
Dhariwalcorp IPO	Sunlite Recycling Industries IPO
Utssav CZ Gold Jewels IPO	Positron Energy IPO
Kizi Apparels IPO	Aesthetik Engineers IPO
Ashapura Logistics IPO	Picturepost Studios IPO
Rajputana Industries IPO	Afcom Holdings IPO
Sathlokhar Synergys E&C IPO	Utssav CZ Gold Jewels IPO
Trom Industries IPO	Kizi Apparels IPO
Esprit Stones IPO	Ashapura Logistics IPO
S A Tech Software IPO	Rajputana Industries IPO
Aprameya Engineering IPO	Bulkcorp International IPO