Bulkcorp International Limited
Bookbuilding IPO · NSE
- Price band
- ₹100 - ₹105
- Lot size
- 1,200 shares
- Issue amount
- ₹20.78 cr
- Total subscription
- 265.1×
- Opens
- 30 Jul 2024
- Closes
- 1 Aug 2024
- Allotment
- 2 Aug 2024
- Listing
- 6 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 19,78,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹20.78 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,26,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 55,35,264
- Shares after issue
- 75,14,064
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,26,000 |
| HNI | 0 | 2,400 | ₹2,52,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.94 | 411.81 |
| RETAIL | 6.92 | 2,506.88 |
| NIB | 2.96 | 745.58 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.47 | 2.23 | 3.18 |
| ROE | 50.4 | 29.03 | 63.3 |
| ROCE | 40.25 | 19.85 | 27.62 |
| RONW | 38.1 | 25.35 | 48.34 |
| PRE IPO(PE) | 16.33 | 0 | 0 |
| POST IPO(PE) | 22.17 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2009, Bulkcorp International Limited specializes in manufacturing and distributing Food-Grade Flexible Intermediate Bulk Container (FIBC) bags, offering eight customizable variations of Jumbo Bags along with container liners. Its state-of-the-art manufacturing facility in Changodar, Ahmedabad is certified with the BRC Global Standard for Packaging Materials (Grade A) and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Serving industries such as agriculture, chemicals, construction, food, pharmaceuticals, and mining, Bulkcorp has built a strong global presence, exporting to the USA, Canada, the UK, South Africa, Ivory Coast, South Korea, Spain, multiple European countries, and Egypt. As of May 31, 2024, the company employs 195 personnel, including workers.
Strengths
- Variety of Products: Provides a wide range of packaging solutions, including eight types of FIBC bags and container liners, tailored to customer needs.
- In-house Manufacturing: Equipped with advanced in-house facilities to maintain top quality and flexible production.
- Trusted Partnerships: Builds long-term, reliable relationships with customers and suppliers, ensuring business stability and consistent service.
Risk factors
- Rented Spaces Risk: The company depends on rented factories, offices, and worker housing, which could cause problems if leases aren't renewed or if they need to relocate.
- Supplier Dependence: The business relies heavily on a few main suppliers, so losing any of them could seriously affect operations.
- Limited Customers: A small group of customers makes up most of the company's revenue, so losing a big customer could hurt profits.
Promoters
Mr. Punit Mahendra Gopalka
Mr. Anup Mahendra Gopalka
Mr. Sanjay Pandurang Sadavarte
Registrar & documents
Lead manager
Swastika Investmart Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
309, Safal Prelude, Corporate Road, Off Prahalad Nagar, Audagarden, Ahmedabad– 380 015
+91-79-4899 6823
[email protected]Company website ↗Understanding BULKCORP IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.