August 6, 2024
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Bulkcorp International IPO listing Review
The scrip is listed at Rs. 130, premium of 23.81% over the issue price. The listing has been very much below the expectations of the grey market.
Bulkcorp International IPO allotment Link
What was the last grey market premium of Bulkcorp International IPO?
GMP Rs. 82
Subscription status of Bulkcorp International IPO
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Bulkcorp International IPO (Closed) Price Rs. 105 Lot 1200 shares, Rs. 13.82 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 104.42 | 251.39 | 362.17 | 264.90 | 1,98,833 (362.17x) |
| Bids of Rs. 3690.92 Crore received | ||||
| Note: Good trend | ||||
What is the business of Bulkcorp International?
Bulkcorp International specializes in manufacturing and supplying Food Grade Flexible Intermediate Bulk Container (“FIBC”) bags from its facility in Changodar, Ahmedabad. Its manufacturing unit adheres to the stringent BRC Global Standard for Packing and Packaging Materials, achieving Grade A certification. It offers a diverse range of customizable packaging solutions, including eight variations of FIBC bags (Jumbo Bags) and container liners.
Located in Changodar, Ahmedabad, its manufacturing facility is equipped with state-of-the-art machinery and handling equipment to ensure efficient production processes while maintaining high standards of safety and hygiene as per BRC guidelines.
Recently, it expanded its installed capacity by integrating new machinery into the adjacent premises, doubling the manufacturing capacity from 2400 MTPA to 4800 MTPA.
It serves diverse industries such as agriculture, chemical, construction, food, pharmaceutical, and mining, catering to a global customer base spanning countries like the United States of America, Canada, United Kingdom, South Africa, Ivory Coast, South Korea, Spain, and across Europe and Egypt. Recognized as a one-star export house by the Ministry of Commerce and Trade, a significant portion of its sales—68.42%, 75.88%, 72.93%, and 77.56% respectively for the years ending March 31, 2024, 2023, 2022, and 2021—is attributed to exports.
Get more information about the company @ www.bulkcorp-int.com
Bulkcorp International IPO Details |
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| IPO opens on | 30 July 2024 |
| IPO closes on | 01 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1978800 Shares / Rs 20.78 Crore |
| * Fresh Issue | 1978800 Shares / Rs 20.78 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 99600 Shares |
| Net offer to Public | 1879200 Shares/ Rs.19.73 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.100-105 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 939600 | 9.86 |
| HNI (15%) | 281880 | 2.96 |
| RII (35%) | 657720 | 6.91 |
| Total Shares | 1879200 | 19.73 |
| Retail portion will be oversubscribed by | 548 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.126000 |
| Min HNI Application | 2400 Shares | Rs.252000 |
Who are the Promoters of Bulkcorp International IPO?
The Promoters of the company are Mr. Punit Mahendra Gopalka, Mr. Anup Mahendra Gopalka and Mr. Sanjay Pandurang Sadavarte.
What are the Objects of Bulkcorp International IPO?
The Offer comprises of only fresh issue of shares.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Capital Expenditure
To Meet Working Capital Requirements
General Corporate Purpose
Tentative timetable |
|
| IPO opens on | 30 July 2024 |
| IPO Closes on | 01 August 2024 |
| IPO Allotment on | 02 Auguat 2024 |
| Refund Initiation | 05 August 2024 |
| Credit of Shares | 05 Augut 2024 |
| Listing on | 06 August 2024 |
| Registered Office of the Company Bulkcorp International Limited 309, Safal Prelude, Corporate Road Off Prahalad Nagar Audagarden, Ahmedabad– 380 015 |
| Who is the Lead Manager of this IPO? Swastika Investmart Ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
Bulkcorp International IPO Financial
For the year ended on 31.03.2024
Total Income Rs. 46.50 Crore
Net Profits Rs. 3.56 Crore
EPS Rs. 6.47
Return on Networth 38.10%
Book Value as ono 31.03.2024 Rs. 16.87
IPO
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| Price/last EPS of 23-24 | 16.33 |
| Price/BV Ratio | 6.22 |
| Upper price/BV after IPO | – |
How Bulkcorp International IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Bulk Corp | 10 | 45.18 | 16.33 |
| Rishi Techtex | 10 | 111.74 | 25.75 |
| Jumbo Bag | 10 | 104.32 | 26.92 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Bulkcorp International IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Bulkcorp International IPO Review
Bulkcorp International specializes in manufacturing and supplying Food Grade Flexible Intermediate Bulk Container (“FIBC”) bags from its facility in Changodar, Ahmedabad. Its manufacturing unit adheres to the stringent BRC Global Standard for Packing and Packaging Materials, achieving Grade A certification. It offers a diverse range of customizable packaging solutions, including eight variations of FIBC bags (Jumbo Bags) and container liners.
Size: The net size of this IPO is Rs. 19.73 crore, consisting of 1879200 shares. The HNI portion is Rs. 2.96 crore and retail portion is Rs. 6.91 crore. The retail portion can get one time subscribed with only 548 applications, which is not difficult looking the investor-craze of recent times.
Financial Review: Over the past three years, the company has achieved impressive growth in both its top-line and bottom-line. The shares are being offered at a P/E multiple of 16.33, which is lower than that of its peer group companies.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Bulkcorp International IPO GMP today allotment, review?
Bulkcorp International IPO GMP grey market premium
Bulkcorp International IPO IPO FAQs
What is Bulkcorp International IPO?
This is a SME IPO of 1978800 equity shares of the face value of Rs. 10 aggregating up to Rs.20.78 Crores. The issue is priced at Rs.100-105 per share. The minimum order quantity is 1200 Shares.
When will Bulkcorp International IPO subscription open?
Bulkcorp International IPO opens on July 30, 2024, and closes on August 01, 2024.
What is the lot size of Bulkcorp International IPO?
Bulkcorp International IPO lot size is 1200 Shares, and the minimum amount required is Rs.126000
How to apply for Bulkcorp International IPO?
You can apply in this IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Bulkcorp International IPO allotment?
The finalization of Basis of Allotment for Bulkcorp International IPO will be done on August 02, 2024, and the allotted shares will be credited to your demat account by August 05, 2024.
When is Bulkcorp International IPO listing date?
Bulkcorp International IPO listing date is August 06, 2024.
Target on ‘Bulk Corp International’
In SME shares, it is difficult to give target. The floating stock remains very low and in most of the cases, the prices are manipulated. So difficult to give any target.
Looking to heavy subscription , I have purchased it from secondary market at Rs.132. Will the price of this stock go up in near future ?
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