Bulkcorp International Limited IPO Detail
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 Packing 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 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.
Company Promoters
The Promoters of the company are Mr. Punit Mahendra Gopalka, Mr. Anup Mahendra Gopalka and Mr. Sanjay Pandurang Sadavarte.IPO Details
| IPO Opening Date | Jul 30, 2024 |
| IPO Closing Date | Aug 01, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 - 105 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹20.78 Cr |
| Fresh Issue | 1,978,800 shares (aggregating up to ₹20.78 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 4.77x | 0.00x | 0.00x | 6.89x | 22.71x | 14.20x |
| Day 2 | 5.28x | 0.00x | 0.00x | 31.06x | 93.31x | 54.86x |
| Day 3 | 104.42x | 0.00x | 0.00x | 251.39x | 362.17x | 264.90x |
IPO Tentative Timetable
The Bulkcorp International Limited IPO open date is Jul 30, 2024, and the close date is Aug 01, 2024. The issue may list on Aug 06, 2024.
| IPO Open Date | Jul 30, 2024 |
| IPO Close Date | Aug 01, 2024 |
| Basis of Allotment Date | Aug 02, 2024 |
| Initiation of Refunds | Aug 05, 2024 |
| Credit of Shares to Demat Account | Aug 05, 2024 |
| IPO Listing Date | Aug 06, 2024 |
IPO Lot Size
The Bulkcorp International Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹126000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹126000 |
| Maximum | 1 | 1200 | ₹126000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.10% |
| Post Issue Share Holding | 72.26% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 3236.39 | 4650.45 | 355.90 |
| 31-Mar-23 | 1765.18 | 3895.71 | 121.22 |
| 31-Mar-22 | 2177.10 | 4919.90 | 172.56 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Capital Expenditure
- To Meet Working Capital Requirements
- General Corporate Purpose
Bulkcorp International Limited IPO Registrar:
KFin Technologies Limited
Bulkcorp International Limited IPO Lead Manager(s):
Swastika Investmart Ltd
Company Contact Information:
Bulkcorp International Limited
309, Safal Prelude, Corporate Road Off Prahalad Nagar Audagarden
Ahmedabad
Gujarat
