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    Bulkcorp International IPO GMP

    Bulkcorp International IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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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

    Bulkcorp International IPO (Closed)

    Price Rs. 105 Lot 1200 shares, Rs. 13.82 Crore

    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

    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

      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
    Key Performance indicators

    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.

    3 Comments on “Bulkcorp IPO listed @ Rs. 130

      1. admin Post author

        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.

        Reply
    1. Pradeep Sharma

      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 ?

      Please respond to my mail id

      Reply

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