25-Jul-2024
2 mins read
- Bulkcorp IPO is a book-built issue of Rs 20.78 crores.
- This upcoming IPO bidding opens on July 30 and closes on August 1, 2024.
- Bulkcorp SME IPO price is set at Rs 100 - Rs 105 per share.
- The minimum investment required Rs 1,26,000.
Bulkcorp IPO: Synopsis
Bulkcorp IPO is open for subscription starting Tuesday, July 30, 2024, and closing on Thursday, August 1, 2024. This upcoming IPO's price is Rs 100 to Rs 105 per share. The minimum lot size set for the retail category is 1200 shares.
Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,26,000 (105 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,52,000 (105 x 2400 shares).
Bulkcorp IPO is a book-built issue of Rs 20.78 crores. This upcoming IPO is an entirely fresh issue of 19.79 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 2, 2024.
Bulkcorp IPO will be listed on NSE SME on Tuesday, August 6, 2024. Swastika Investmart Limited is the book-running lead manager, Kfin Technologies Limited is the registrar, and Sunflower Broking is the market maker for this IPO.
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Bulkcorp IPO: About the Company
Bulkcorp International Limited was founded in 2009 and produces and distributes Food-Grade Flexible Intermediate Bulk Container bags. It also provides a variety of customizable packaging solutions, such as eight variations of Jumbo Bags and container liners.
Their manufacturing unit in Changodar, Ahmedabad, meets the BRC Global Standard for packing and packaging materials and has achieved Grade A certification. Bulkcrop’s products are supplied to agriculture, chemicals, construction, food, pharmaceuticals, and mining industries.
Bulkcorp 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, and Egypt.
Bulkcorp IPO: Objectives
The funds received from this initial public offer will be used for capital expenditures. The remaining funds will be used to meet the company's day-to-day capital requirements and fulfil general corporate purposes.
Bulkcorp IPO: Other Important Details
Time-Table of Bulkcorp IPO
Bulkcorp IPO: Financial Metrics (Amt in Rs Lakhs)
Bulkcorp posted revenue of Rs 4,650.45 lakhs and net profit of Rs 355.90 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 19.37% and net profit increased by 193.6% between the FY ending on 31 March 2024 and 31 Mar 2023.
Minimum Investment: Lot Size Details
Promoters of Bulkcorp Limited and Their Holdings
The promoters of Bulkcorp are Punit Mahendra Gopalka, Anup Mahendra Gopalka, and Sanjay Pandurang Sadavarte. The promoters' shareholdings before the IPO were 98.10%, but after the IPO, they will drop to 72.26%.
Bulkcorp: Strength of Company
1. Bulkcorp produces and distributes Food-Grade Flexible Intermediate Bulk Container bags.
2. The company’s fundamentals look strong. Its debt-to-equity ratio is 0.68 and Price to book value is 6.22%.
3. Bulkcorp’s net profit increased by 193.6% between the FY ending 31 Mar 2024 and 31 Mar 2023.
FAQs
1. What are the details of the Bulkcorp IPO?
Bulkcorp IPO is a book-built issue of Rs 20.78 crores. This upcoming IPO is an entirely fresh issue of 19.79 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 2, 2024.
2. Who are the lead managers for the Bulkcorp IPO?
Swastika Investmart Limited is appointed as the book-running lead manager for the IPO.
3. What is the role of Kfin Technologies in this IPO?
Kfin Technologies Limited is the registrar for Bulkcorp Limited, handling the IPO's administrative aspects.
4. How can I apply for the Bulkcorp IPO?
The public subscription of this new IPO will open on July 30, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The funds received from this initial public offer will be used for capital expenditures. The remaining funds will be used to meet the company's day-to-day capital requirements and fulfil general corporate purposes.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Bulkcorp Limited IPO by visiting here. For further updates follow Bigul.
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