IPO

Bulkcorp International Limited IPO

NSE SME

Listed On: Aug 6, 2024 at ₹ 130.0

₹ 252000 /2400 Shares
*Min Investment

Check Allotment

30 Jul, 2024

Open Date

01 Aug, 2024

Close Date

02 Aug, 2024

Allotment Date

06 Aug, 2024

Listing Date
Bulkcorp International Limited IPO Issue Details
  • Issue Price ₹100-105 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 19,78,800 shares(aggregating up to ₹20.78 crore)
  • Fresh Share 19,78,800 shares(aggregating up to ₹20.78 crore)
  • Listing at NSE SME
  • List Price 130.0
  • Listing Date 2024-08-06
  • Lead Manager Swastika Investmart Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11200₹1,26,000
Retail(max)11200₹1,26,000
NII (min) 22,400₹2,52,000
Bulkcorp International Limited IPO Reservation

Bulkcorp International Limited IPO offers total 2,354,400 shares. Out of which 375,600 (15.95%) allocated to QIB, 282,000 (11.98%) allocated to NII,658,800 (27.98%) allocated to RII, NA (NA%) allocated to employees and 938,400 (39.86%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered938,400 (39.86%)
Market Maker Shares Offered99,600 (4.23%)
QIB Shares Offered375,600 (15.95%)
NII (HNI) Shares Offered282,000 (11.98%)
Retail Shares Offered658,800 (27.98%)
Total Shares Offered2,354,400 (100%)
Bulkcorp International Limited IPO Documents
DRHP
RHP
Bulkcorp International Limited IPO Details


Bulkcorp International Limited IPO is an SME IPO, priced at ₹100-105 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 19,78,800 equity shares, aggregating up to ₹20.78 crores..

The IPO bidding window is open from Jul 30, 2024 to Aug 1, 2024. The allotment is expected to be finalized on Aug 2, 2024, and the tentative listing date is Aug 6, 2024.

The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,26,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,52,000.

Swastika Investmart Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Sunflower Broking Private Limited will act as the market maker for this issue.

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Bulkcorp International Limited IPO Subscription Analysis And Details
Retail
362.40x
Total
265.10x
As onQIB / NIIRetailTotal
Shares Offered / Reserved375,600 / 282,000658,8001,316,400
Day 1 30-07-24 06:00 PM
4.77 / 6.89 x22.71 x14.20 x
Day 2 31-07-24 06:00 PM
5.28 / 31.06 x93.31 x54.86 x
Day 3 01-08-24 06:00 PM
104.42 / 251.80 x362.40 x265.10 x
Total No of Applications
198,833
Bulkcorp International Limited Valuations
EPS Pre IPO ₹6.43/-
EPS Post IPO ₹4.74/-
P/E Pre IPO 16.33
P/E Post IPO 22.17
ROE 50.40%
ROCE 40.25%
Debt/Equity 0.68
RoNW 38.10%
PAT Margin 7.88
Price to Book Value 6.22
Bulkcorp International Limited Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets3,236.391,765.182,177.10
Revenue4,650.453,895.714,919.90
Profit After Tax355.90121.22172.56
Net Worth934.06478.16356.95
Reserves & Surplus380.54297.16175.95
Total Borrowing634.23542.28889.24
About Bulkcorp International Limited Company

Established in 2009, Bulkcorp International Limited manufacturers and distributes Food-Grade Flexible Intermediate Bulk Container (FIBC) bags.

The company offers a wide range of flexible packaging options, including eight different forms of FIBC bags (Jumbo Bags) and container liners.Manufacturing Unit: BRC Global Standard for Packing and Packaging Materials. Certified Grade A at this manufacturing unit located at Changodar, Ahmedabad.

The company is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified as well as BRC certified.

The company supplies products to agriculture, chemicals, construction, food, pharmaceuticals, and mining industries.The company has exported its product to the countries such as United States of America, Canada, United Kingdom, South Africa, Ivory Coast, South Korea, Spain, Europe, Egypt etc.

As of May 31, 2024, the company employs 195 people including workers.

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Bulkcorp International Limited - Promoter(s)

Mr. Punit Mahendra Gopalka

Mr. Anup Mahendra Gopalka

Mr. Sanjay Pandurang Sadavarte

Pre Issue Share Holding : 98.10%

Post Issue Share Holding : 72.26%

Bulkcorp International Limited IPO - Issue Objectives
1

Capital Expenditure

2

To Meet Working Capital Requirements

3

General Corporate Purpose

Bulkcorp International Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Bulk Corp International Limited6.47N/A16.87N/A38.1N/AStandalone
Rishi Techtex Ltd.1.82N/A43.0925.754.231.09Standalone
Jumbo Bag Ltd.1.42N/A24.0526.925.631.59Standalone

Notes:

  1. The EPS, P/E Ratio, NAV, RoNW, and revenue from operations of Bulk Corp International Limited are taken as per the Restated Financial Statement for the Financial Year 2023-24.
  2. Current Market Price (CMP) is taken as the closing price of respective scripts on March 31, 2024, at NSE / BSE.
Contact Details

Bulkcorp International Limited

309, Safal Prelude, Corporate Road, Off Prahalad Nagar, Audagarden, Ahmedabad– 380 015

+91-79-4899 6823

compliance@bulkcorp-int.com

https://www.bulkcorp-int.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

bil.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/