Bulkcorp International Limited IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Jul 24 – 1 Aug 24 | ₹1,20,000 | 1,200 | ₹100 – ₹105 |
Issue Size | IPO Doc |
|---|---|
| 20.78Cr | RHP PDF |
About Bulkcorp International Limited
| Founded in | 2009 |
| Managing director | Mr. Punit Mahendra Gopalka |
| Parent organisation | Bulkcorp International Ltd |
Bulkcorp International Limited is a producer and distributor of Food-Grade Flexible Intermediate Bulk Containers (FIBC), also known as jumbo bags. Their factory is in Changodar, Ahmedabad. These jumbo bags come in eight different types and are used to package dry bulk materials like petrochemicals, urea, soda ash, food grains, coffee, and fertilizers. Most of their raw materials come from Gujarat.
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Bulkcorp caters to various industries, including agriculture, chemicals, construction, food, pharmaceuticals, and mining. They have customers in countries such as the United States, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, and Egypt.
Founded in 2009, Bulkcorp International Limited produces and distributes high-quality, customizable FIBC bags and container liners. Their factory meets top international standards and has received several important certifications, including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and BRC certification.
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Bulkcorp IPO Details
- IPO Size: Rs 20.78 crores
- Issue Type: Fresh issue of 19.79 lakh shares
- Subscription Period: July 30, 2024, to August 1, 2024
- Expected Allotment Date: August 2, 2024
- Listing Date: August 6, 2024, on NSE SME
Investment Details
- Price Band: ₹100 to ₹105 per share
- Minimum Lot Size: 1200 shares
- Minimum Investment for Retail Investors: ₹126,000
- Minimum Investment for HNI (2 lots): ₹252,000
Key Managers
- Book Running Lead Manager: Swastika Investmart Ltd
- Registrar: Kfin Technologies Limited
- Market Maker: Sunflower Broking
For more detailed information, please refer to the Bulkcorp IPO RHP (Red Herring Prospectus).
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Financial Information
Bulkcorp International Limited’s revenue grew by 19.37%, and its profit after tax (PAT) surged by 193.6% between the financial years ending March 31, 2023, and March 31, 2024.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,236.39 | 1,765.18 | 2,177.10 | 1,975.97 |
| Revenue | 4,650.45 | 3,895.71 | 4,919.90 | 3,176.36 |
| Profit After Tax | 355.90 | 121.22 | 172.56 | 63.53 |
| Net Worth | 934.06 | 478.16 | 356.95 | 188.26 |
| Reserves and Surplus | 380.54 | 297.16 | 175.95 | 7.26 |
| Total Borrowing | 634.23 | 542.28 | 889.24 | 648.89 |
| Amount in ₹ Lakhs | ||||
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IPO Timeline
Bulkcorp IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
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IPO FAQs
Bulkcorp International Limited produces and distributes Food-Grade Flexible Intermediate Bulk Containers (FIBC), also known as jumbo bags. These bags are used for packaging dry bulk materials such as petrochemicals, urea, soda ash, food grains, coffee, and fertilizers. The company also offers container liners.
Bulkcorp’s manufacturing facility is located in Changodar, Ahmedabad, Gujarat, India.
Bulkcorp serves a wide range of industries, including agriculture, chemicals, construction, food, pharmaceuticals, and mining.
Bulkcorp has a presence in several countries, including the United States, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, and Egypt.
Bulkcorp International Limited was founded in 2009.
The Bulkcorp IPO is a book-built issue of Rs 20.78 crores, consisting entirely of a fresh issue of 19.79 lakh shares. The IPO will be open for subscription from July 30, 2024, to August 1, 2024.
The price band for the Bulkcorp IPO is set at ₹100 to ₹105 per share.
The minimum lot size for an application is 1200 shares, requiring a minimum investment of ₹126,000 for retail investors. For high net worth individuals (HNIs), the minimum investment is 2 lots (2400 shares), amounting to ₹252,000.
They expect to finalize the allotment of Bulkcorp IPO shares on August 2, 2024.
The NSE SME will list Bulkcorp International Limited on August 6, 2024.
