Bulkcorp IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 30 to Aug 01 2024
Price Band
₹100 - 105
Current GMP
₹130(23.8%)
Subscription
264.90 times
IPO Details
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,978,800 shares (aggregating up to ₹20.78 Cr) |
| Fresh Issue | 1,978,800 shares (aggregating up to ₹20.78 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,535,264 |
| Share holding post issue | 7,514,064 |
| Market Maker portion | 99,600 shares Sunflower Broking |
IPO Date
July 30, 2024 to August 1, 2024
Listing Date
Tuesday, August 6, 2024
Face Value
₹10 per share
Price Band
₹100 to ₹105 per share
Lot Size
1200 Shares
Total Issue Size
1,978,800 shares (aggregating up to ₹20.78 Cr)
Fresh Issue
1,978,800 shares (aggregating up to ₹20.78 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
5,535,264
Share holding post issue
7,514,064
Market Maker portion
99,600 shares Sunflower Broking
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 104.42 |
| Non-Institutional Buyers*** | 251.39 |
| Retail Investors | 362.17 |
| Total ** | 264.90 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
104.42
Non-Institutional Buyers***
251.39
Retail Investors
362.17
Total **
264.90
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jul 30, 2024 | 4.77 | 6.89 | 22.71 | 14.20 |
| Day 2 Jul 31, 2024 | 5.28 | 31.06 | 93.31 | 54.86 |
| Day 3 Aug 1, 2024 | 104.42 | 251.39 | 362.17 | 264.90 |
DayDay 1
Jul 30, 2024
QIB4.77
NII*6.89
Retail22.71
Total14.20
DayDay 2
Jul 31, 2024
QIB5.28
NII*31.06
Retail93.31
Total54.86
DayDay 3
Aug 1, 2024
QIB104.42
NII*251.39
Retail362.17
Total264.90
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 06-08-2024 | 105.00 | 82(78.1%) | 187 |
| 05-08-2024 | 105.00 | 82(78.1%) | 187 |
| 04-08-2024 | 105.00 | 82(78.1%) | 187 |
| 03-08-2024 | 105.00 | 80(76.19%) | 185 |
| 02-08-2024 | 105.00 | 85(80.95%) | 190 |
| 01-08-2024 | 105.00 | 90(85.71%) | 195 |
| 31-07-2024 | 105.00 | 97(92.38%) | 202 |
| 30-07-2024 | 105.00 | 97(92.38%) | 202 |
| 29-07-2024 | 105.00 | 85(80.95%) | 190 |
| 28-07-2024 | 105.00 | 85(80.95%) | 190 |
| 27-07-2024 | 105.00 | 85(80.95%) | 190 |
| 26-07-2024 | 105.00 | 8(7.62%) | 113 |
| 25-07-2024 | 105.00 | 8(7.62%) | 113 |
Date06-08-2024
Price105.00
GMP82(78.1%)
Estimate List Price187
Date05-08-2024
Price105.00
GMP82(78.1%)
Estimate List Price187
Date04-08-2024
Price105.00
GMP82(78.1%)
Estimate List Price187
Date03-08-2024
Price105.00
GMP80(76.19%)
Estimate List Price185
Date02-08-2024
Price105.00
GMP85(80.95%)
Estimate List Price190
Date01-08-2024
Price105.00
GMP90(85.71%)
Estimate List Price195
Date31-07-2024
Price105.00
GMP97(92.38%)
Estimate List Price202
Date30-07-2024
Price105.00
GMP97(92.38%)
Estimate List Price202
Date29-07-2024
Price105.00
GMP85(80.95%)
Estimate List Price190
Date28-07-2024
Price105.00
GMP85(80.95%)
Estimate List Price190
Date27-07-2024
Price105.00
GMP85(80.95%)
Estimate List Price190
Date26-07-2024
Price105.00
GMP8(7.62%)
Estimate List Price113
Date25-07-2024
Price105.00
GMP8(7.62%)
Estimate List Price113
IPO Important Dates
| 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 |
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹126,000
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹126,000
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹252,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,236.39 | 1,765.18 | 2,177.10 |
| Revenue | 4,650.45 | 3,895.71 | 4,919.90 |
| Profit After Tax | 355.90 | 121.22 | 172.56 |
| Net Worth | 934.06 | 478.16 | 356.95 |
| Reserves and Surplus | 380.54 | 297.16 | 175.95 |
| Total Borrowing | 634.23 | 542.28 | 889.24 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20243,236.39
31 Mar 20231,765.18
31 Mar 20222,177.10
Period EndedRevenue
31 Mar 20244,650.45
31 Mar 20233,895.71
31 Mar 20224,919.90
Period EndedProfit After Tax
31 Mar 2024355.90
31 Mar 2023121.22
31 Mar 2022172.56
Period EndedNet Worth
31 Mar 2024934.06
31 Mar 2023478.16
31 Mar 2022356.95
Period EndedReserves and Surplus
31 Mar 2024380.54
31 Mar 2023297.16
31 Mar 2022175.95
Period EndedTotal Borrowing
31 Mar 2024634.23
31 Mar 2023542.28
31 Mar 2022889.24
Key Performance Indicator
| ROE | 50.40% |
| ROCE | 40.25% |
| Debt/Equity | 0.68 |
| RoNW | 38.10% |
| P/BV | 6.22 |
| PAT Margin (%) | 7.88 |
| EPS (Rs) | 6.43 |
ROE
50.40%
ROCE
40.25%
Debt/Equity
0.68
RoNW
38.10%
P/BV
6.22
PAT Margin (%)
7.88
EPS (Rs)
6.43
IPO Reservation
| Anchor Investor Shares Offered | 938,400 (39.86%) |
| Market Maker Shares Offered | 99,600 (4.23%) |
| QIB Shares Offered | 375,600 (15.95%) |
| NII (HNI) Shares Offered | 282,000 (11.98%) |
| Retail Shares Offered | 658,800 (27.98%) |
| Total Shares Offered | 2,354,400 (100%) |
Anchor Investor Shares Offered
938,400 (39.86%)
Market Maker Shares Offered
99,600 (4.23%)
QIB Shares Offered
375,600 (15.95%)
NII (HNI) Shares Offered
282,000 (11.98%)
Retail Shares Offered
658,800 (27.98%)
Total Shares Offered
2,354,400 (100%)
Information about company
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.
Objectives of IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Capital Expenditure
To Meet Working Capital Requirements
General Corporate Purpose
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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