Bulkcorp International Limited IPO
- IPO Date30 Jul, 2024 to 01 Aug, 2024
- Listing Date06 Aug, 2024
- Face Value₹10 per share
- Issue Price₹100 to ₹105 per share
- Lot Size1200 Shares
- Minimum Investment₹1,26,000
- Listing AtNSE SME
- Total Issue Size19,78,800 Shares
(aggregating up to ₹20.78 Cr) - Fresh Issue19,78,800 Shares
(aggregating up to ₹20.78 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue55,35,264
- Shareholding post issue75,14,064
IPO Dates
Closing Date
01 Aug, 2024
Initiation of Refunds
05 Aug, 2024
Listing Date
06 Aug, 2024
30 Jul, 2024
Opening Date
02 Aug, 2024
Basis of Allotment
05 Aug, 2024
Credit of Shares
Bulkcorp International Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 2 | 2400 | ₹2,52,000 |
| Retail (Max) | 1 | 1200 | ₹1,26,000 |
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 1200 | ₹1,26,000 |
| B-HNI (Min) | - | - | - |
Bulkcorp International Limited Promoter Holding
The Promoters of the company are Mr. Punit Mahendra Gopalka, Mr. Anup Mahendra Gopalka and Mr. Sanjay Pandurang Sadavarte.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 98.1% | 72.26% |
Bulkcorp International Limited COMPANY INFORMATION
Bulkcorp IPO is a book built issue of Rs 20.78 crores. The issue is entirely a fresh issue of 19.79 lakh shares. Bulkcorp IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. The allotment for the Bulkcorp IPO is expected to be finalized on Friday, August 2, 2024. Bulkcorp IPO will list on NSE SME with tentative listing date fixed as Tuesday, August 6, 2024. Bulkcorp IPO price band is set at ₹100 to ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹252,000. Swastika Investmart Ltd is the book running lead manager of the Bulkcorp IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Bulkcorp IPO is Sunflower Broking. Refer to Bulkcorp IPO RHP for detailed information.
Founded in 2009, Bulkcorp International Limited produces and distributes Food-Grade Flexible Intermediate Bulk Container (FIBC) bags.
The company provides a variety of customizable packaging solutions, such as eight variations of FIBC bags (Jumbo Bags) and container liners.
The company's manufacturing unit in Changodar, Ahmedabad meets the BRC Global Standard for Packing and Packaging Materials and has achieved Grade A certification.
The company is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, as well as BRC certification.
The company's products are supplied to industries such as agriculture, chemicals, construction, food, pharmaceuticals, and mining.
The company has exported its product to the countries such as United States of America, Canada, United Kingdom, South Africa, Ivory Coast, South Korea, Spain, Europe, Egypt etc.
As of May 31, 2024, the company employs 195 people including workers.
Bulkcorp International Ltd IPO Analysis
Company Overview
Bulkcorp International Ltd is primarily engaged in the manufacturing and supply of Flexible Intermediate Bulk Container (FIBC) bags. The company's operations are concentrated in Gujarat domestically and the USA internationally. The company offers a wide range of FIBC bags, including builder bags, tunnel lift bags, and Q bags, primarily used in the chemical, food, and pharmaceutical sectors.
Key Financials
Bulkcorp's financial health is illustrated by its Gross Profit Margin, EBITDA Margin, PAT Margin, Return on Equity (RoE), and Return on Capital Employed (RoCE). These metrics reflect the company's profitability and operational efficiency.
- Revenue: Significant revenue generation from operations in Gujarat and the USA.
- Profitability: Various financial metrics like Gross Profit Margin, EBITDA Margin, PAT Margin, RoE, and RoCE demonstrate the company's financial health.
Risk Factors
Investors should consider the following risk factors:
- Lease Dependence: The company does not own its manufacturing unit, registered office, or labor colony, relying on leased properties.
- Geographical Concentration: High dependency on Gujarat and the USA for revenue, exposing the company to regional risks.
- Operational Risks: Potential disruptions due to lease termination or relocation.
Competitive Strengths
Bulkcorp's competitive strengths include:
- Wide Range of Products: Offers a diverse portfolio of FIBC bags catering to different sectors.
- Quality Assurance: Adherence to quality control measures for materials and finished goods.
Use of Proceeds
The funds raised through the IPO will be utilized for various purposes, including expansion plans, working capital requirements, and other corporate objectives.
Pros and Cons of Investing
Pros
- Diverse Product Range: A broad portfolio catering to multiple sectors.
- Market Presence: Strong market presence in Gujarat and the USA.
- Financial Health: Positive financial metrics indicating growth and profitability.
Cons
- Lease Dependency: Dependence on leased properties for key operations.
- Geographical Risk: High revenue concentration in specific regions.
- Operational Disruptions: Risks associated with lease terminations or necessary relocations.
In conclusion, Bulkcorp International Ltd presents a promising investment opportunity with its diverse product range and strong financial health, though investors should carefully consider the associated risks, especially the company's dependency on leased properties and regional concentration.
FAQs About Bulkcorp International Limited Ipo
Bulkcorp International Limited IPO will open on 30 Jul, 2024 and close on 01 Aug, 2024. Investors must apply within this period to participate.
The Bulkcorp International Limited IPO price band is set between ₹100.00 and ₹105.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹126000.00.
The Bulkcorp International Limited IPO shares are expected to be listed on 06 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Bulkcorp International Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Bulkcorp International Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.