Company Overview
Bulkcorp International IPO At Bulk Corp, our focus is to operate and manage a solution’s driven company. This pride has been based on a wealth of experience that we have under our belt, a solid 2 decade-plus experience that has made us leading global providers of superior quality FIBC packaging solutions to some of the world’s leading industries.
We have evolved from a small scale organization of Gujarat to an organization that has strong muscle and established itself as a technology driven company which views Quality through Innovation. To support this philosophy, our industrial campus is most equipped with some of the best machines for FIBC segment; and thus we are a unique FIBC manufacturing unit in India. Strengthened with all inter-disciplinary safety and quality standards, the facility provides one of the highly scalable production lines for us to effectively tend to the diverse requirements of customers’ organizations. It also has system of in-house testing laboratories to guarantee that it is taking out batches from its industrial complex are in harmony in quality as they are in harmony in value.
And of course, we also value the trust with our vendors as much as we value the trust with our customers. Carrying on this line of thought, it is has been realized that there is a pool of dedicated raw material providers to ensure that the clients are served the best and consistent materials supplied on time.
The world is a dynamic place and we must change to fit this ever changing world. Using fresh technologies and even remaining directly involved with innovations that go above and beyond the client’s anticipations, we are aggressively positioning ourselves to become what we ought to be: the world’s leader in the FIBC segment.
Overview of Bulkcorp International IPO
The number of shares for Bulkcorp IPO is a book built issue of Rs 20. 78 crores. The problem itself is all new copies of number 19. 79 lakh shares.
Online subscription for the IPO of Bulkcorp starts on July 30, 2024 and ends on August 1, 2024. It is also expected that by Friday the 2 nd of August, 2024, the allotment for the Bulkcorp IPO will also be completed. The IPO of Bulkell TCL that is Bulkcorp will be traded on NSE SME and the tentative sources have set the listing date as Tuesday, August 6, 2024.
Bulkcorp IPO price band has been fixed at the upper circuit which is at ₹ 100- ₹ 105 per share. The size of the lots is optional although the minimum amount of shares that can be applied for is 1200 Shares. They have to invest a minimum amount of ₹ 126000, which comes out under the bracket of retail investors. The minimum lot size investment for HNI is two lots at 2,400 shares which costs Rs. 252,000 only.
The Bulkcorp International IPO aims to raise funds for various purposes
Expansion of Manufacturing Capacity: In order to fully accommodate the increased demand for FIBCs, the company intends to invest in additionality in manufacturing facilities.
Debt Repayment: One of the shares will be utilized for paying off most of its debt that is a way of slashing financial leverage.
Working Capital Requirements: For day to day operations in order to avoid a condition where one is left stranded because there is no cash available.
General Corporate Purposes: To strengthen general corporate activities and diversify, therefore, the business ventures.
Details of Bulkcorp International IPO
Bulkcorp IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
Bulkcorp International IPO Promoter Holding
The Promoters of the company are Mr. Punit Mahendra Gopalka, Mr. Anup Mahendra Gopalka and Mr. Sanjay Pandurang Sadavarte.
| Share Holding Pre Issue | 98.10%` |
| Share Holding Post Issue | 72.26% |
Financial Information of Bulkcorp International IPO
Bulk Corp International Limited’s revenue increased by 19.37% and profit after tax (PAT) rose by 193.6% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,236.39 | 1,765.18 | 2,177.10 | 1,975.97 |
| Revenue | 4,650.45 | 3,895.71 | 4,919.90 | 3,176.36 |
| Profit After Tax | 355.90 | 121.22 | 172.56 | 63.53 |
| Net Worth | 934.06 | 478.16 | 356.95 | 188.26 |
| Reserves and Surplus | 380.54 | 297.16 | 175.95 | 7.26 |
| Total Borrowing | 634.23 | 542.28 | 889.24 | 648.89 |
| Amount in ₹ Lakhs | ||||
Risks and Challenges of Bulkcorp International IPO
Investing in an IPO also involves understanding potential risks and challenges, such as:Investing in an IPO also involves understanding potential risks and challenges, such as:
Market Competition: Competition nay be Hallmark’s major weakness; this implies that many firms in the packaging industry may affect the ratio of sales and profits of Bulkorp.
Economic Conditions: Economic risks may therefore include unfavourable economic conditions and/or high volatility of raw material prices which triggered risks on the company’s bottom-line.
Regulatory Changes: The specific factors that can be referred to as threats in this case include the following: There might be changes in the government policies regarding the industry or the trade barriers.
Conclusion
The Bulkcorp International IPO seems a good investment worth being made because of its competitive market position, good financial performance, and focused development strategies. Nevertheless, any potential investors should always ensure that he or she has a look at the potential risks that go with the investment since it is fully legalized. Thus, as Bulkcorp starts a new phase in its development, the IPO could open even greater opportunities and success in the saturated packaging market. Click here to understand what is IPo.
How to apply Bulkcorp International Limited IPO ?
STEPS to login in Zerodha Console
Step 1: Go-to the console page of zerodha. Then Click on log in to your account Enter this Zerodha user ID, password and PIN access your account.
Step 2: Go to the IPO Segment
Step 3: Visit the ‘Portfolio’: After login click on Portfolio tab, available at left side menu.
Step 4: IPO search Click on ‘IPO’ which is under the tab of Portfolio to view a list comprising all active IPOs.
Step 5: Click on the Bulkcorp International Limited IPO
Search the IPO: You can filter by Bulkcorp International Limited IPO and search from a list of available public offerings.
Finally, click on ‘Apply’: Upon finding Bulkcorp International Limited IPO you just need to select Apply (along with Submit after entering the input details).
Step 6: Type your Application Details
In the application form, you have to enter your UPI ID: Enter Your UPI Id Once added the UPI ID, it can link to a bank account which have enough balance for applying.
Bid Quantity: Qty Enter Number of shares Qty up to Bid Price, Integer only Click on the option ‘Cut-off’ to apply at cut-off price.
Check your field details: Review All the accurate information entered
Step 7: Apply for the position
Submission: After filling all these opportunities click on the submit button as shown below.
UPI Mandate: There you will get a UPI mandate request in your UPI app. Open the app and confirm the mandate to withhold funds for IPO application
Step 8: Trust the Process
Verify the status: After you have accepted a UPI mandate, your IPO application will be submitted successfully Processed Petition available in the IPO tab under Order Book.