Bulkcorp is scheduled to hit the market on July 30, 2024 and close on August 01, 2024. Bulkcorp plans to raise around ₹20.78 Cr through an IPO with a sale of up to 1,978,800 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Founded in 2009, Bulkcorp International Limited specializes in the production and distribution of Food-Grade Flexible Intermediate Bulk Container (FIBC) bags. The company offers a range of customizable packaging solutions, including eight variations of Jumbo Bags and container liners. Its manufacturing facility in Changodar, Ahmedabad, has achieved Grade A certification and complies with the BRC Global Standard for Packing and Packaging Materials. Additionally, Bulkcorp is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
Bulkcorp's products cater to various industries such as agriculture, chemicals, construction, food, pharmaceuticals, and mining. The company has successfully exported its products to multiple countries, including the United States, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, Europe, and Egypt. As of May 31, 2024, Bulkcorp employs a workforce of 195 individuals.
Bulkcorp IPO Details
Bulkcorp IPO opens on July 30, 2024, and closes on August 01, 2024. The Listing date for Bulkcorp IPO is on August 06, 2024. The price band for IPO is ₹100 to ₹105 per share and lot size of 1200 Shares.
| IPO Date | July 30, 2024 to August 01, 2024 |
| Listing Date | August 06, 2024 |
| Price | ₹100 to ₹105 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹20.78 Cr |
| Face Value | ₹10 per share |
Bulkcorp IPO Tentative Timetable
Bulkcorp opening date is July 30, 2024 and close date is August 01, 2024. The IPO allotment date is August 02, 2024. Therefund initiation of IPO is on August 05, 2024. The credit of shares in demat account is on August 05, 2024. The listing date is on August 06, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 30, 2024 |
| IPO Closing | August 01, 2024 |
| IPO Allotment Date | August 02, 2024 |
| Refund Initiation | August 05, 2024 |
| Shares Credit to Demat | August 05, 2024 |
| Lisiting Date | August 06, 2024 |
Bulkcorp IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹140,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹126,000 |
| Retail(Maximum) | 1 | 1200 | ₹126,000 |
| HNI (Minimum) | 2 | 2400 | ₹252,000 |
Bulkcorp IPO Promoter Holding
| Pre Issue Share Holding | 98.10% |
| Post Issue Share Holding | 72.26% |
Bulkcorp IPO Review
Bulkcorp International Ltd. (BIL) is a prominent player in the manufacturing of Food Grade Flexible Intermediate Bulk Container (FIBC) bags, with a significant portion of its revenue derived from exports. The company boasts a state-of-the-art manufacturing facility in Changodar, Ahmedabad, which adheres to stringent safety and hygiene standards, earning a Grade A certification from the BRC Global Standard for Packaging and Packaging Materials. With a diverse product line and a strategic location offering logistical advantages, BIL is well-positioned to serve crucial industries like agriculture, pharmaceuticals, and food processing, with a global customer base spanning the USA, Canada, Europe, and beyond.
Financially, BIL has shown variability in its performance, largely due to the impacts of the pandemic and global market fluctuations. Despite these challenges, the company achieved a total income of ₹46.51 crore and a net profit of ₹3.56 crore in FY24, reflecting a significant improvement. The company plans to utilize the IPO proceeds to fund working capital, capex for a captive solar power plant, and general corporate purposes. This strategic investment in renewable energy is aimed at reducing operational costs and enhancing sustainability. The IPO is priced at a P/E of 22.15 based on FY24 earnings, indicating it is fully priced at the upper cap.
Investors looking for long-term growth may find BIL's IPO appealing despite the full pricing. The company's strategic initiatives, such as expanding manufacturing capacity and investing in a captive solar power plant, position it for future growth. Additionally, its strong export business, compliance with international quality standards, and operational efficiencies offer potential for sustained profitability. As BIL continues to capitalize on its niche market and expand its global footprint, long-term investors could see rewarding returns.
Bulkcorp IPO Subscription Status (Bidding Details)
Table not foundBulkcorp IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Bulkcorp IPO FAQs
What is Bulkcorp IPO?
Bulkcorp is issuing 1,978,800 equity shares with a face value of ₹10 each, totaling up to ₹20.78 Cr. The shares are being offered at a price of ₹100 to ₹105 each, with a minimum order quantity of 1200 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Bulkcorp IPO will open?
Bulkcorp will open on July 30, 2024 for QIB, NII, and Retail Investors.
When Bulkcorp IPO will end?
Bulkcorp will end on August 01, 2024.
What is Bulkcorp IPO Size?
Bulkcorp IPO size is ₹20.78 Cr.
What is Bulkcorp IPO Price Band?
Bulkcorp price band is ₹100 to ₹105 per share.
What is the Bulkcorp IPO Allotment Date?
Bulkcorp allotment date is August 02, 2024.
What is the Bulkcorp IPO Listing Date?
Bulkcorp listing date is August 06, 2024. The IPO is to be listed on BSE and NSE.
How to Bulkcorp IPO through Zerodha?
To apply for the IPO “Bulkcorp” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Bulkcorp IPO through Upstox?
To apply for the IPO “Bulkcorp” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Bulkcorp IPO Allotment Status?
For Bulkcorp IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Bulkcorp IPO GMP?
You can check out here: Bulkcorp IPO GMP