Bulkcorp International was incorporated on October 08, 2009. The company offers a wide range of customisable packaging solutions FIBC bags (Jumbo Bags) which come in eight variations and container liners.
| Bidding Dates |
|---|
| 30 Jul 2024 - 01 Aug 2024 |
| Subscription |
|---|
| 246.45x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 2.0 M | ₹100 - ₹105 | 72.26 % | ₹197.9 M - ₹207.8 M | RHP DOC |
Bulkcorp Intl IPO SUBSCRIPTION STATUS
01 Aug '24Bulkcorp Intl IPO overall subscription rate was 246.45 times the total available shares
Bulkcorp Intl IPO retail subscription rate was 481.74 times in the retail segment
Bulkcorp Intl IPO non-institutional investor subscription rate was 334.31 times in the non-institutional investor category
Bulkcorp Intl IPO Qualified Institutional Bidder subscription rate was 55.39 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Aug 2024 (Day 3) | 481.74x | 334.31x | 55.39x |
31 Jul 2024 (Day 2) | 121.47x | 41.34x | 2.8x |
30 Jul 2024 (Day 1) | 28.97x | 8.95x | 2.53x |
Bulkcorp Intl FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 35.6 | 451.8 | 12.3 | -12.6 | 10.4% |
| FY23 | 12.1 | 384.7 | 37.0 | 32.9 | 6.3% |
| FY22 | 17.3 | 484.2 | -12.2 | -16.3 | 5.6% |
| FY21 | 6.4 | 313.9 | 0.3 | -2.9 | 6.1% |
Bulkcorp Intl IPO SUBSCRIPTION STATUS DETAILS
Bulkcorp Intl had 2.0 M shares on offer
Bulkcorp Intl IPO offer price was in the range ₹100 - ₹105
Bulkcorp Intl IPO minimum Investment was ₹120000
Bulkcorp Intl IPO issue size was ₹ 197.9 M - ₹ 207.8 M
Bulkcorp Intl had a minimum lot size of 1200 Shares per application
Bulkcorp Intl NUMBER OF SHARES ON OFFER
Bulkcorp Intl IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2024 |
| Issue close Date | 01 Aug 2024 |
| Allotment Date | 02 Aug 2024 |
| Refund Date | 05 Aug 2024 |
| Demat Account Credit Date | 05 Aug 2024 |
| Listing Date | 06 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Bulkcorp Intl Allotment Status | Exchange |
Bulkcorp Intl IPO subscription opened on 30 Jul 2024, and closed on 01 Aug 2024
IPO allotment for Bulkcorp Intl was finalized on Friday, 02 Aug 2024
IPO listing for Bulkcorp Intl was on NSE on Tuesday, 06 Aug 2024
Bulkcorp Intl IPO LISTING GAINS
| Issue Price (adjusted) | 105.0 |
| Listing Open Price | 130.0 |
| Listing Close Price | 136.5 |
| Listing Gain% | 23.8% |
| Current Gain% | -36.7% |
Bulkcorp Intl Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bulkcorp International Ltd. | 66.4 | 49.9 | 13.4 | 2.2 | 0.7 | 10.7 | 7.3 | 67.3 | 9.8 | 3.7 | 6 | 5 | 6 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
Bulkcorp Intl INFORMATION ON IPO ISSUE
About Bulkcorp Intl
Bulkcorp International was incorporated on October 08, 2009. The company offers a wide range of customisable packaging solutions FIBC bags (Jumbo Bags) which come in eight variations and container liners.
Object of the Issue
- To fund capital expenditure plans
- To meet working capital requirements
- General corporate purposes
Bulkcorp Intl - PROMOTERS
| Name |
|---|
| Punit Mahendra Gopalka |
| Anup Mahendra Gopalka |
| Sanjay Pandurang Sadavarte |
Bulkcorp Intl Lead Manager of the Issue
Swastika Investmart Limited
merchantbanking@swastika.co.in
Bulkcorp Intl Registrar to the issue
Kfin Technologies Limited
bil.ipo@kfintech.com
Bulkcorp Intl Strengths
Relationship with customers and suppliers
The company maintains long-term working relationships with its customers and suppliers.
In-house manufacturing capabilities
The company has in-house manufacturing operations, enabling it to streamline inventory management and production processes. This results in maintaining quality, minimization of production time, and being cost-effective.
Wide range of products
The company has a wide range of products. Its product portfolio of FIBC bags has eight varieties.
Bulkcorp Intl Risks
Geographically concentrated
The operations of the company are limited to select regions such as Gujarat domestically, and the USA in the overseas markets. Any adverse development affecting the operations in these regions could impact its business.
Dependent on few suppliers
The company is dependent on a few suppliers for the purchase of products. The loss of any of these large suppliers may affect its business operations.
Foreign currency fluctuations
The company is subject to foreign currency exchange rate fluctuations, which could have a material and adverse effect on the results of operations and financial conditions.
IPO FAQs
The promoters of the company are Punit Mahendra Gopalka, Anup Mahendra Gopalka and Sanjay Pandurang Sadavarte.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 100.0 - 105.0.
The IPO application opens on Jul 30, 2024 and closes on Aug 01, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Aug 02, 2024.
The refund will be credited to your account on Aug 05, 2024.
The allotted shares will be credited to your demat on Aug 05, 2024.
Bulkcorp International Ltd.’s shares listed on the stock exchanges on Aug 06, 2024.