Bulkcorp International Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Jul 2024

Close Date

01 Aug 2024

Allotment

02 Aug 2024

Listing Date

06 Aug 2024

Exchange

NSE SME

Price Band

₹105

Listing Price

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Allotment Status

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Price Band

₹105

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

19,78,800 shares (aggregating up to ₹20.78 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

55,35,264 shares

Promoters

Post-IPO Holding

75,14,064 shares

Promoters

P/E (Pre)

16.33x

P/E (Post)

22.17x

EPS (Pre)

₹6.43

EPS (Post)

₹4.74

UPI Deadline

2024-08-01

Mandate

Anchor AllotmentMon, 29 Jul 2024

Basis of AllotmentFri, 02 Aug 2024

Refund InitiationMon, 05 Aug 2024

Demat CreditMon, 05 Aug 2024

Listing DayTue, 06 Aug 2024

UPI Mandate Deadline2024-08-01

Sale TypeFresh Capital

Net Offer to Public18,79,200 shares (aggregating up to ₹19.73 Cr)

Market Maker Quota99,600 shares (aggregating up to ₹1.05 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Bulkcorp International Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 01 Aug 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	99,600	—	₹1.05
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,978,800	100%	₹20.78

IPO Shares Offered

Bulkcorp International Ltd. IPO total issue size: ₹20.78 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	99,600	₹1.05	5.03%
Total	1,978,800	₹20.78	100.00%

* Based on upper price band ₹105 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹105.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹252,000
Retail (Max — 13 Lots)	13	15,600	₹1,638,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,764,000
B-HNI (Min — 68 Lots)	68	81,600	₹8,568,000

* Issue Price ₹105 × Lot Size 1,200 shares

IPO Schedule

Anchor

29 Jul 2024

✓ Done

IPO Open

30 Jul 2024

✓ Done

IPO Close

01 Aug 2024

✓ Done

Allotment

02 Aug 2024

✓ Done

Refunds

05 Aug 2024

✓ Done

Demat Credit

05 Aug 2024

✓ Done

Listing Day

06 Aug 2024

✓ Done

₹105.00

INR · NSE

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Issue ₹105.00 Live Price

About Bulkcorp International Ltd.

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 Packaging 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 countries such as the United States of America, Canada, the United Kingdom, South Africa, the Ivory Coast, South Korea, Spain, Europe, Egypt, etc.As of May 31, 2024, the company employs 195 people, including workers.

Objects of the Issue

Capital Expenditure

To Meet Working Capital Requirements

General Corporate Purpose

Bulkcorp International Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹4,919.9

31 Mar 2022

₹3,895.7

31 Mar 2023

₹4,650.5

31 Mar 2024

Profit After Tax (PAT)

₹172.6

31 Mar 2022

₹121.2

31 Mar 2023

₹355.9

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	4650.45	3895.71	4919.90
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	355.90	121.22	172.56
Net Worth	934.06	478.16	356.95
Total Assets	3236.39	1765.18	2177.10
Reserves & Surplus	380.54	297.16	175.95
Borrowings	634.23	542.28	889.24
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	7.88%	—	—

P/BV Ratio

6.22

RoE

50.40%

RoCE

40.25%

RoNW

38.10%

PAT Margin

7.88%

Debt/Equity

0.68

Issue Structure & Shareholding

Total Shares Offered19,78,800 (100.00%)

Net Offer to Public18,79,200 shares (aggregating up to ₹19.73 Cr)

Reserved for Market Maker99,600 shares (aggregating up to ₹1.05 Cr)

Pre-Issue Promoter Holding55,35,264 shares

Post-Issue Promoter Holding75,14,064 shares

P/BV Ratio6.22

RoE50.40%

RoCE40.25%

Debt / Equity0.68

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

bil.ipo@kfintech.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Swastika Investmart Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Bulkcorp International Ltd. IPO subscribed? ▲

Bulkcorp International Ltd. IPO is subscribed 1.00 times by Aug 01, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Bulkcorp International Ltd. IPO retail subscription status? ▼

The Bulkcorp International Ltd. IPO retail category is subscribed 1.00 times as of 01 Aug 2024. The retail portion is oversubscribed.

How to subscribe Bulkcorp International Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Jul 2024 and closes 01 Aug 2024. Min investment: ₹126,000 (1 lot = 1,200 shares). UPI mandate: 2024-08-01.

How many times Bulkcorp International Ltd. IPO subscribed? ▼

The Bulkcorp International Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Bulkcorp International Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Aug 2024. Refunds: on 05 Aug 2024.

When Bulkcorp International Ltd. IPO will be listed? ▼

The Bulkcorp International Ltd. IPO listing date is 06 Aug 2024, Tuesday. Listed on: NSE SME. Issue price: ₹105. Estimated listing: ₹105. GMP: NIL.

When Bulkcorp International Ltd. IPO close? ▼

The Bulkcorp International Ltd. IPO closes on 01 Aug 2024, Thursday. UPI mandate: 2024-08-01. Allotment: 02 Aug 2024. Listing: 06 Aug 2024.

Quick Actions

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Live Price LIVE

Last Price₹105.00

Change—

Issue Price₹105.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹105

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹105

Subscribed1.00x

Open Date30 Jul 2024

Close Date01 Aug 2024

Allotment02 Aug 2024

Listing Date06 Aug 2024

ExchangeNSE SME

UPI Deadline2024-08-01