Bookbuilding IPO | ₹21 Cr | Listed at NSE SME | Tue, Jul 30, 2024 - Thu, Aug 1, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,26,000 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jul 30, 2024
IPO Close
Thu, Aug 1, 2024
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹78.90 Cr
| IPO Date | 30 Jul to 1 Aug, 2024 |
| Listed on | Tue, Aug 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹105 |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 19,78,800 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 99,600 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 18,79,200 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 18,79,200 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 55,35,264 shares |
| Share Holding Post Issue | 75,14,064 shares |
| NSE Symbol | BULKCORP |
| ISIN | INE0SZ301012 |
Bulkcorp International IPO comprises a total issue size of 19,78,800 shares. The net offer to the public is 18,79,200 shares, after excluding 99,600 shares allotted on a firm basis. Of the Net offer 9,38,400 (49.94%) are allocated to QIB, 2,82,000 (15.01%) allocated to NII 6,58,800 (35.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 9,38,400 | 49.94% | 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 | 15.01% | 14.25% |
| Retail Shares Offered | 6,58,800 | 35.06% | 33.29% |
| Firm Reservations | |||
| Market Maker Shares Offered | 99,600 | 5.03% | |
| Total Shares Offered | 19,78,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Bulkcorp International IPO raises ₹5.91 crore from anchor investors. Bulkcorp International IPO Anchor bid date is July 29, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 29, 2024 |
| Shares Offered | 5,62,800 |
| Anchor Portion (₹ Cr.) | 5.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 31, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 32.36 | 17.65 | 21.77 | 19.76 |
| Total Income | 46.50 | 38.96 | 49.20 | 31.76 |
| Profit After Tax | 3.56 | 1.21 | 1.73 | 0.64 |
| NET Worth | 9.34 | 4.78 | 3.57 | 1.88 |
| Reserves and Surplus | 3.81 | 2.97 | 1.76 | 0.07 |
| Total Borrowing | 6.34 | 5.42 | 8.89 | 6.49 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 2.18 |
| 2 | To Meet Working Capital Requirements | 11.00 |
| 3 | General Corporate Purpose | 5.15 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.43 | 4.74 |
| P/E (x) | 16.33 | 22.17 |
| Promoter Holding | 98.1% | 72.26% |
| Market Cap | ₹78.90 Cr. |
The Bulkcorp IPO is subscribed 264.9 times on August 1, 2024 6:19:59 PM (Day 3). The public issue subscribed 362.17 times in the retail category, 104.42 times in the QIB category, and 251.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 104.42 | 3,75,600 | 3,92,19,600 |
| NII* | 251.39 | 2,82,000 | 7,08,92,400 |
| Retail | 362.17 | 6,58,800 | 23,85,99,600 |
| Total | 264.9 | 13,16,400 | 34,87,11,600 |
Total Application : 1,98,833
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 0.20 |
| 2 | Fees Payable to Legal Advisor to the Issue | 0.04 |
| 3 | Fees Payable to Registrar to the Issue | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.05 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.11 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 1.97 |
| 9 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹130.00 |
| Low | ₹130.00 |
| High | ₹136.50 |
| Last Trade | ₹136.50 |
Lead Manager Reports
Bulkcorp International IPO is a SME IPO of 19,78,800 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Jul 30, 2024, and closes on Thu, Aug 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 Tue, Jul 30, 2024 and closes on Thu, Aug 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 Mon, Aug 5, 2024. Check the Bulkcorp International IPO allotment status.
The Bulkcorp International IPO listing date is on Tue, Aug 6, 2024.
