Bulkcorp International IPO vs Esprit Stones IPO

Comparison between Bulkcorp International IPO and Esprit Stones IPO.

IPO Details

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

	Bulkcorp International IPO	Esprit Stones 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.	Srujan Alpha Capital Advisors LLP
Registrar	Kfin Technologies Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Sunflower Broking Pvt.Ltd.	Choice Equity 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 Esprit Stones IPO is up to ₹47.82 Cr. The final issue price of Bulkcorp International IPO is ₹105.00 per share and of Esprit Stones IPO is ₹87.00 per share.

	Bulkcorp International IPO	Esprit Stones IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share	₹82.00 per share
Issue Price (Upper)	₹105.00 per share	₹87.00 per share
Issue Price (Final)	₹105.00 per share	₹87.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹5.00 per share
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	18,79,200 shares	55,04,000 shares
Fresh Issue Size (Amount)	up to ₹19.73 Cr	up to ₹47.82 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	55,04,000 shares
Issue Size Total (Amount)	up to ₹19.73 Cr	up to ₹47.82 Cr

IPO Timetable

Bulkcorp International IPO opens on Jul 30, 2024, while Esprit Stones IPO opens on Jul 26, 2024. The closing date of Bulkcorp International IPO and Esprit Stones IPO is Aug 01, 2024, and Jul 30, 2024, respectively.

	Bulkcorp International IPO	Esprit Stones 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 Esprit Stones IPO P/E ratio of 13.62.

Bulkcorp International IPO

Esprit Stones 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

Esprit Stones Limited Financial Information (Restated)

Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% 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	27,459.35	23,802.24	18,069.74
Total Income	27,477.82	17,606.52	19,002.60
Profit After Tax	1,031.73	355.72	1,850.53
Net Worth	7,238.80	6,227.81	5,893.32
Reserves and Surplus	5,623.80	5,277.81	4,943.32
Total Borrowing	12,541.91	11,879.55	5,799.76
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.10`

100.00

Promoter Shareholding (Post-Issue)

72.26

P/E Ratio

16.33

13.62

Market Cap

₹78.90 Cr.

₹190.92 Cr.

ROE

50.40%

ROCE

40.25%

12.39%

Debt/Equity

0.68

1.72

EPS

₹6.43

₹6.39

RoNW

38.10%

15.09%

Shares Offered

In the Bulkcorp International IPO Retail Individual Investors (RII) are offered 6,58,800 shares while in Esprit Stones IPO retail investors are offered 6,58,800 shares. Qualified Institutional Buyers (QIB) are offered 3,75,600 shares in Bulkcorp International IPO and 10,75,200 shares in Esprit Stones IPO.

	Bulkcorp International IPO	Esprit Stones IPO
Anchor Investor Reserveration	5,62,800 shares	16,12,800 shares
Market Maker Reserveration	99,600 shares	2,91,200 shares
QIB	3,75,600 shares	10,75,200 shares
NII	2,82,000 shares	8,06,400 shares
RII	6,58,800 shares	18,81,600 shares
Employee		1,28,000 shares
Others
Total	18,79,200 shares	55,04,000 shares

Bids Received (Subscription)

Bulkcorp International IPO subscribed 264.90x in total, whereas Esprit Stones IPO subscribed 185.82x.

	Bulkcorp International IPO	Esprit Stones IPO
QIB (times)	104.42x	117.63x
NII (times)	251.39x	399.58x
Big NII (times)
Small NII (times)
RII (times)	362.17x	145.75x
Employee (times)
Other (times)
Total (times)	264.90x	185.82x

Compare with others

Bulkcorp International IPO	Esprit Stones IPO
Dhariwalcorp IPO	Ashapura Logistics IPO
Utssav CZ Gold Jewels IPO	Rajputana Industries IPO
Kizi Apparels IPO	Bulkcorp International IPO
Ashapura Logistics IPO	Sathlokhar Synergys E&C IPO
Rajputana Industries IPO	Trom Industries IPO
Sathlokhar Synergys E&C IPO	S A Tech Software IPO
Trom Industries IPO	Aprameya Engineering IPO
Esprit Stones IPO	Manglam Infra IPO
S A Tech Software IPO	Chetana Education IPO
Aprameya Engineering IPO	Clinitech Laboratory IPO