IPO Details
Bidding Dates
30 Jul '24 - 01 Aug '24
Minimum Investment
₹126,000 / 1 Lot (1,200 Shares)
Price Range
₹100 - ₹105
Maximum Investment
₹126,000 / 1 Lot (1,200 Shares)
Retail Discount
To be announced
Issue Size
₹20.78 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Jul 30, 2024
IPO Close Date
Aug 1, 2024
Basis of Allotment
Aug 2, 2024
Initiation of Refunds
Aug 5, 2024
Credit of Shares to Demat
Aug 5, 2024
Listing Date
Aug 6, 2024
Cut-off time for UPI mandate confirmation
Aug 1, 2024
About Bulkcorp International Limited
Founded in 2009, Bulkcorp International Limited specialises in the production and distribution of Food-Grade Flexible Intermediate Bulk Container (FIBC) bags. The company offers a range of customisable packaging solutions, including eight variations of FIBC bags (Jumbo Bags) and container liners.
Bulkcorp's manufacturing unit, located in Changodar, Ahmedabad, adheres to the BRC Global Standard for Packing and Packaging Materials and has achieved Grade A certification. The company is also certified with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and holds BRC certification, reflecting its commitment to quality, environmental management, and occupational health and safety standards.
The company's products serve a diverse array of industries, such as agriculture, chemicals, construction, food, pharmaceuticals, and mining. Bulkcorp has successfully exported its products to numerous countries, including the United States of America, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, various European nations, and Egypt.
As of May 31, 2024, Bulkcorp International Limited employs 195 people, including workers. With a strong emphasis on quality and customisation, the company continues to provide reliable packaging solutions to meet the specific needs of its global clientele.
Industry Outlook:
- The global FIBC market is projected to reach US$ 12.6 billion by 2033, growing at a CAGR of 5.4% from 2023's US$ 7.5 billion.
- Flexible intermediate bulk containers carrying at least 750 kg are preferred, with the FIBC industry forecasted to grow at a CAGR of 5.8% from 2023 to 2033.
Bulkcorp International Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Capital Expenditure
- To Meet Working Capital Requirements
- General Corporate Purpose
Peer Details
The companies considered by Bulkcorp International as its peers include:
- Rishi Techtex Limited
- Jumbo Bag Limited
How to Check the Allotment Status of the Bulkcorp International Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Bulkcorp International Limited IPO
- Registered office: 309, Safal Prelude, Corporate Road, Off Prahalad Nagar Audagarden, Ahmedabad– 380 015, Gujarat, India
- Phone: +91-79-4899 6823
- E-mail: compliance@bulkcorp-int.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 4,518.25 | 3,847.07 | 4,842.41 |
| Profit After Tax (PAT) (in ₹ lakh) | 355.90 | 121.22 | 172.56 |
| Cash & Cash Equivalents (in ₹ lakh) | 4.63 | 1.95 | 80.72 |
| Net Worth (in ₹ lakh) | 934.06 | 478.16 | 356.95 |
| Debt to Equity Ratio(x) | 0.68 | 1.13 | 2.49 |
| Return on Equity (%) | 50.40% | 29.03% | 63.30% |
| Return on Capital Employed (RoCE) (%) | 45.53% | 23.54% | 30.50% |
| Earning Per Share (EPS)-in absolute ₹ | 6.47 | 2.23 | 3.18 |
Know before investing
Strengths
6-
Diverse FIBC product range with eight customisable varieties.
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ISO 9001:2015, 14001:2015, 45001:2018, and BRC certifications.
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Strong client base and long-term business relationships.
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Experienced management team with 35 years of industry expertise.
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In-house manufacturing with 4800 MTPA capacity in Ahmedabad.
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Exporting to USA, Canada, UK, South Korea, and more.
Risks
6-
Business operations in leased premises may disrupt continuity.
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Revenue concentration in Gujarat and the USA limits diversification.
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Reliance on top 10 suppliers for 98% of purchases.
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Dependence on top 10 customers for over 90% sales.
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Operational disruption risks at a single manufacturing facility.
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Exports constitute 68% of revenue, vulnerable to currency fluctuations.
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Bulkcorp International IPO FAQs
Bulkcorp International Limited IPO is a book-built IPO. The IPO will be open from July 30, 2024, to August 1, 2024.
The Basis of Allotment will happen on Friday, August 2, 2024.
The IPO subscription window will open on July 30, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,200 shares.
The listing date for Bulkcorp International is Tuesday, August 6, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
