Bulkcorp International IPO Details: The Bulkcorp International IPO is scheduled to open on July 30 and close on August 1. This NSE SME IPO aims to raise ₹20.78 crores, with a price band set between ₹100 and ₹105 per share. Investors can participate with a minimum market lot of 1,200 shares.
Founded in 2009, Bulkcorp International Limited specializes in the manufacturing and supply of Food Grade Flexible Intermediate Bulk Container (FIBC) bags. The company operates a state-of-the-art manufacturing facility that complies with the BRC Global Standard for Packaging and Packaging Materials, achieving a Grade A certification. Bulkcorp offers a diverse range of customizable packaging solutions, including eight variations of FIBC bags (Jumbo Bags) and container liners. Their manufacturing plant, located in Changodar, Ahmedabad, is fully equipped with advanced machinery and handling equipment to ensure efficient production processes. The company prioritizes safety and hygiene, strictly adhering to the guidelines set by BRC.
Bulkcorp’s facility includes an in-house testing laboratory to ensure that all products meet the quality standards required by customers. The FIBC bags are manufactured in accordance with ISO 21898 and undergo rigorous quality testing at reputable laboratories. The company sources its raw materials primarily from Gujarat, benefiting from strategic location advantages. The manufacturing unit is conveniently connected to the National Highway and situated in a well-developed industrial area, enhancing the efficiency of the transportation process. Recently, Bulkcorp expanded its production capacity by installing new machinery adjacent to the existing facility, doubling its capacity from 2,400 MTPA to 4,800 MTPA.
Bulkcorp International IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon
Bulkcorp International IPO Date & Price Band Details:
| IPO Open: | July 30, 2024 |
| IPO Close: | August 1, 2024 |
| IPO Size: | Approx ₹20.78 Crores, 1,978,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹100 to ₹105 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Bulkcorp International IPO Lot Size:
The Bulkcorp International IPO requires a minimum market lot of 1,200 shares, with a total application amount of ₹126,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹126,000 |
| Retail Maximum | 1 | 1200 | ₹126,000 |
| S-HNI Minimum | 2 | 1200 | ₹252,000 |
Bulkcorp International IPO Timeline:
The Bulkcorp International IPO will open on July 30 and close on August 1. The allotment date is set for August 2, and the shares are expected to be listed on August 6.
| IPO Open Date: | July 30, 2024 |
| IPO Close Date: | August 1, 2024 |
| Basis of Allotment: | August 2, 2024 |
| Refunds: | August 5, 2024 |
| Credit to Demat Account: | August 5, 2024 |
| IPO Listing Date: | August 6, 2024 |
Bulkcorp International IPO GMP Today:
The latest Grey Market Premium (GMP) for the Bulkcorp SME IPO is ₹8. Given the price band of ₹105.00, the estimated listing price for the Bulkcorp SME IPO is ₹113 (price band plus today’s GMP). This reflects an expected percentage gain of 7.62% per share.
Bulkcorp International Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹31.76 | ₹30.42 | ₹0.64 |
| 2022 | ₹49.20 | ₹46.95 | ₹1.73 |
| 2023 | ₹38.96 | ₹37.24 | ₹1.21 |
| 2024 | ₹46.50 | ₹41.71 | ₹3.56 |
Bulkcorp International IPO Valuation – FY2024
Check Bulkcorp International IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.47 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 38.10% |
| Net Asset Value (NAV): | ₹16.87 per Equity Share |
Peer Group
- Rishi Techtex Ltd
- Jumbo Bag Limited
Company Promoters
- Mr. Punit Mahendra Gopalka
- Mr. Anup Mahendra Gopalka
- Mr. Sanjay Pandurang Sadavarte
Bulkcorp International IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Bulkcorp International IPO Allotment Status
Check Bulkcorp International IPO allotment status on KfinTech website URL. Click Here
Bulkcorp International IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Ltd
Company Address
Bulkcorp International Limited
309, Safal Prelude, Corporate Road
Off Prahalad Nagar
Audagarden, Ahmedabad– 380 015
Phone: +91-79-4899 6823
Email: compliance@bulkcorp-int.com
Website: https://www.bulkcorp-int.com/
Bulkcorp International IPO FAQs
1. What are the key dates for the Bulkcorp International IPO?
- IPO Opening Date: July 30, 2024
- IPO Closing Date: August 1, 2024
- Allotment Date: August 2, 2024
- Expected Listing Date: August 6, 2024
2. What is the minimum investment required for the Bulkcorp International IPO?
The minimum market lot for the Bulkcorp International IPO is 1,200 shares, requiring a total application amount of ₹126,000.
3. What is the price band for the Bulkcorp International IPO?
The price band for the Bulkcorp International IPO is set between ₹100 and ₹105 per share.
4. What is the latest Grey Market Premium (GMP) for the Bulkcorp International IPO?
As of July 25, 2024, the latest GMP for the Bulkcorp International IPO is ₹8.
5. What is the estimated listing price of the Bulkcorp International IPO?
With the current GMP of ₹8 and a price band of ₹105.00, the estimated listing price is ₹113 per share.
6. What is the expected percentage gain or loss per share for the Bulkcorp International IPO?
The expected percentage gain per share, based on the estimated listing price and the price band, is approximately 7.62%.
7. What is Bulkcorp International Limited’s business focus?
Bulkcorp International Limited specializes in the manufacturing and supply of Food Grade Flexible Intermediate Bulk Container (FIBC) bags. The company offers a range of customizable packaging solutions and adheres to high standards of safety and hygiene.
8. Where is Bulkcorp International Limited’s manufacturing facility located?
The company’s manufacturing facility is situated in Changodar, Ahmedabad.
9. What certifications does Bulkcorp International’s manufacturing facility hold?
The facility is certified to the BRC Global Standard for Packaging and Packaging Materials with a Grade A certification. Additionally, their FIBC bags are manufactured in compliance with ISO 21898.
10. How has Bulkcorp International expanded its manufacturing capacity?
The company has recently doubled its production capacity from 2,400 MTPA to 4,800 MTPA by installing new machinery adjacent to its existing facility.
