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Bulkcorp International IPO is a book build issue of ₹20.78 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹20.78 crore.
Bulkcorp International IPO bidding started from Jul 30, 2024 and ended on Aug 1, 2024. The allotment for Bulkcorp International IPO was finalized on Aug 2, 2024. The shares got listed on NSE SME on Aug 6, 2024.
Bulkcorp International IPO price band is set at ₹105.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,52,000.
Swastika Investmart Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Bulkcorp International IPO RHP for detailed Information.
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | August 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹105 per share |
| Issue Price Final | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,78,800 shares (aggregating up to ₹20.78 Cr) |
| Reserved for Market Maker | 99,600 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹1.05 Cr) |
| Net Offered to Public | 18,79,200 shares (aggregating up to ₹19.73 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 55,35,264 shares |
| Share Holding Post Issue | 75,14,064 shares |
Bulkcorp IPO offers total 19,78,800 shares. Out of which 9,38,400 (47.42%) allocated to QIB, 3,75,600 (18.98%) allocated to QIB, 2,82,000 (14.25%) allocated to NII, 6,58,800 (33.29%) allocated to RII and 5,62,800 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 99,600 (5.03%) |
| QIB Shares Offered | 9,38,400 (47.42%) |
| − Anchor Investor Shares Offered | 5,62,800 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 3,75,600 (18.98%) |
| NII (HNI) Shares Offered | 2,82,000 (14.25%) |
| Retail Shares Offered | 6,58,800 (33.29%) |
| Total Shares Offered | 19,78,800 (100.00%) |
Bulkcorp International IPO raises ₹5.91 crore from anchor investors. Bulkcorp International IPO Anchor bid date is July 29, 2024. Bulkcorp International IPO Anchor Investors list
| Bid Date | July 29, 2024 |
| Shares Offered | 5,62,800 |
| Anchor Portion Size (In Cr.) | 5.91 |
| 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 International IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tue, Jul 30, 2024 |
| IPO Close Date | Thu, Aug 1, 2024 |
| Tentative Allotment | Fri, Aug 2, 2024 |
| Initiation of Refunds | Mon, Aug 5, 2024 |
| Credit of Shares to Demat | Mon, Aug 5, 2024 |
| Tentative Listing Date | Tue, Aug 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 1, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,26,000 |
| Retail (Max) | 1 | 1,200 | ₹1,26,000 |
| HNI (Min) | 2 | 2,400 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Packaging 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 countries such as the United States of America, Canada, the United Kingdom, South Africa, the 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 |
| 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 | ||||
The market capitalization of Bulkcorp International IPO is ₹78.90 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 50.40% |
| ROCE | 40.25% |
| Debt/Equity | 0.68 |
| RoNW | 38.10% |
| PAT Margin | 7.88% |
| Price to Book Value | 6.22 |
| 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...
| Listing Date | August 6, 2024 |
| BSE Script Code | |
| NSE Symbol | BULKCORP |
| ISIN | INE0SZ301012 |
| Final Issue Price | ₹105 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹130.00 |
| Low | ₹130.00 |
| High | ₹136.50 |
| Last Trade | ₹136.50 |
Bulkcorp International Ltd.
309, Safal Prelude, Corporate Road
Off Prahalad Nagar
Audagarden
Ahmedabad, Gujarat, 380015
Phone: +91-79-4899 6823
Email: compliance@bulkcorp-int.com
Website: https://www.bulkcorp-int.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Bulkcorp International IPO is a SME IPO of 19,78,800 equity shares of the face value of ₹10 aggregating up to ₹20.78 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on July 30, 2024, and closes on August 1, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Bulkcorp International IPO using UPI as a payment gateway. Zerodha customers can apply in Bulkcorp International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bulkcorp International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bulkcorp International IPO opens on July 30, 2024 and closes on August 1, 2024.
Bulkcorp International IPO lot size is 1200, and the minimum amount required for application is ₹1,26,000.
You can apply in Bulkcorp International IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bulkcorp International 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 International IPO allotment status.
The Bulkcorp International IPO listing date is on Tuesday, August 6, 2024.
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