Bulkcorp International Limited, established in 2009, is set to launch its Initial Public Offering (IPO) to raise approximately ₹20.78 crores. The IPO will be open for subscription from July 30 to August 1, 2024, with the price band fixed between ₹100 and ₹105 per equity share. This NSE SME IPO offers investors an opportunity to participate in the growth of a company specialized in manufacturing Food Grade Flexible Intermediate Bulk Containers (FIBC), commonly known as Jumbo Bags.
Key IPO Details
- IPO Open Date: July 30, 2024
- IPO Close Date: August 1, 2024
- IPO Size: Approx ₹20.78 crores (1,978,800 Equity Shares)
- Face Value: ₹10 per equity share
- Price Band: ₹100 to ₹105 per equity share
- Market Lot: 1200 shares
- Listing: NSE SME
Subscription Quotas
- Retail Investors: 35% of the net offer
- Qualified Institutional Buyers (QIB): 50% of the net offer
- Non-Institutional Investors (NII): 15% of the net offer
Company Background
Bulkcorp International specializes in producing FIBC bags that meet stringent quality standards, including BRC Global Standard for Packing and Packaging Materials (Grade A certification) and ISO 21898 compliance. The company operates a state-of-the-art manufacturing facility in Changodar, Ahmedabad, which is well-equipped with advanced machinery and in-house testing laboratories to ensure product quality. Bulkcorp has recently doubled its manufacturing capacity from 2400 MTPA to 4800 MTPA by installing new machinery adjacent to its existing facility.
Financial Performance
- 2021: Revenue ₹31.76 crores, PAT ₹0.64 crores
- 2022: Revenue ₹49.20 crores, PAT ₹1.73 crores
- 2023: Revenue ₹38.96 crores, PAT ₹1.21 crores
- 2024: Revenue ₹46.50 crores, PAT ₹3.56 crores
Key Metrics for FY2024
- Earnings Per Share (EPS): ₹6.47 per equity share
- Return on Net Worth (RoNW): 38.10%
- Net Asset Value (NAV): ₹16.87 per equity share
Objectives of the IPO
- Capital expenditure for expansion and modernization
- Meeting working capital requirements
- General corporate purposes
IPO Timetable
- Basis of Allotment: August 2, 2024
- Refunds: August 5, 2024
- Credit to Demat Account: August 5, 2024
- IPO Listing Date: August 6, 2024
How to Apply
Investors can apply for the Bulkcorp International IPO through ASBA (Application Supported by Blocked Amount) via their bank accounts or by using UPI through stock brokers. The application can also be done by downloading the IPO forms from the NSE website and submitting them through banks or brokers.
Registrar and Lead Manager
- Registrar: Kfin Technologies Limited
- Lead Manager: Swastika Investmart Ltd
Contact Information
- Company Address: Bulkcorp International Limited, 309, Safal Prelude, Corporate Road, Off Prahalad Nagar, Ahmedabad – 380 015
- Phone: +91-79-4899 6823
- Email: compliance@bulkcorp-int.com
- Website: Bulkcorp International
FAQs
1. What is Bulkcorp International IPO? Bulkcorp International IPO is an NSE SME IPO aiming to raise ₹20.78 crores. The price band is set between ₹100 and ₹105 per equity share.
2. When will the IPO open? The IPO will open on July 30, 2024.
3. How to apply for the IPO? You can apply via ASBA in your bank account or through UPI using stock brokers. Offline forms can also be downloaded from the NSE website.
4. What is the minimum lot size? The minimum lot size is 1200 shares, amounting to ₹126,000.
5. When will the IPO be listed? The IPO is expected to be listed on August 6, 2024, on the NSE SME.
By investing in Bulkcorp International, investors have the chance to participate in the growth of a company with a solid track record and a promising future. Be sure to review all details and consult with your financial advisor before making any investment decisions.
