Bulkcorp International SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Bulkcorp International IPO. Explore Bulkcorp International IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Bulkcorp International Limited, established in 2009, is a leading manufacturer of Food Grade Flexible Intermediate Bulk Container (FIBC) bags. Based in Changodar, Ahmedabad, Bulkcorp International is known for its high-quality, customizable FIBC solutions, including a range of jumbo bags and container liners. The company’s manufacturing facility is equipped with advanced machinery and adheres to stringent safety and hygiene standards. With a global customer base, Bulkcorp International has expanded its capacity to 4800 MTPA and is recognized as a one-star export house by the Ministry of Commerce and Trade.
Key Points:
- Product Range: Offers a wide variety of FIBC bags including 4 loop bags, Q bags, UN certified bags, ventilated bags, conductive bags, Type D bags, one-two loop bags, and container liners.
- Manufacturing Facility: Located in Changodar, Ahmedabad, the facility has a production capacity of 4800 MTPA, with advanced machinery and an in-house testing laboratory.
- Global Presence: Exports contribute significantly to sales, with a presence in countries such as the USA, Canada, the UK, South Africa, and more.
- Recent Expansion: Doubled manufacturing capacity from 2400 MTPA to 4800 MTPA by installing new machinery.
- Industries Served: Supplies to agriculture, chemical, construction, food, pharmaceutical, and mining industries.
Objects of the Issue
- Capital Expenditure
- To Meet Working Capital Requirements
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 30 Jul - 01 Aug 2024 |
| IPO Price Band | ₹ 100 - 105 per share |
| Fresh Issue | 19,78,800 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 20.78 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 30 Jul 2024 |
| IPO Closing Date | 01 Aug 2024 |
| Basis Of Allotment | 02 Aug 2024 |
| Refunds | 05 Aug 2024 |
| Demat Transfer | 05 Aug 2024 |
| IPO Listing Date | 06 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 31.76 | 49.20 | 38.96 | 46.50 |
| Total Expenses | 30.42 | 46.95 | 37.24 | 41.71 |
| Net Profit/Loss | 0.64 | 1.73 | 1.21 | 3.56 |
| NPM (*) | 2.02 | 3.56 | 3.15 | 7.88 |
| Total Assets | 19.76 | 21.77 | 17.65 | 32.36 |
| Total Liabilities | 17.88 | 18.20 | 12.87 | 23.02 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 1.17 | 3.18 | 2.23 | 6.47 |
| ROE (%) | 40.16 | 63.30 | 29.03 | 50.40 |
| ROCE (%) | 36.55 | 27.62 | 19.85 | 40.25 |
| D/E Ratio | 3.45 | 2.49 | 1.13 | 0.68 |
| Current Ratio | 0.98 | 1.12 | 1.01 | 1.16 |
| EBITDA MARGIN (%) | 6.08 | 5.58 | 6.29 | 10.38 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Bulkcorp Internatio nal Limited | 45.18 | 16.23 | 6.47 | 38.10 | 16.87 |
| Rishi Techtex Ltd | 111.74 | 25.75 | 1.82 | 4.23 | 43.09 |
| Jumbo Bag Limited | 104.32 | 26.92 | 1.42 | 5.63 | 24.05 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 104.42 |
| Non-Institutional Investor (NII/HNI) | 251.39 |
| Retail Individual Investor (RII) | 362.17 |
| Total | 264.9 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. PUNIT MAHENDRA GOPALKA
- MR. ANUP MAHENDRA GOPALKA
- MR. SANJAY PANDURANG SADAVARTE
Lead Managers
- Swastika Investmart Limited
Company Address
Bulkcorp International Limited
309, Safal Prelude, Corporate Road, Off Prahalad Nagar Audagarden, Ahmedabad– 380 015, Gujarat, India
Phone: +91-79-4899 6823
Email: compliance@bulkcorp-int.com
Website: www.bulkcorp-int.com
FAQs
- What is the issue size of the Bulkcorp International SME IPO?The Bulkcorp International SME IPO has an issue size of Approx ₹ 20.78 crore. This includes a fresh issue of 19,78,800 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Bulkcorp International IPO?The price band for the Bulkcorp International IPO is ₹ 100 - 105 per share.
- What are the bidding dates for the Bulkcorp International IPO?The Bulkcorp International IPO will open for bidding on 30 Jul 2024 and close on 01 Aug 2024.
- What is the allotment date for the Bulkcorp International IPO?The allotment date for the Bulkcorp International IPO is 02 Aug 2024.
- What is the listing date for the Bulkcorp International IPO?The listing date for the Bulkcorp International IPO is 06 Aug 2024.
- What is the Bulkcorp International IPO grey market premium?The grey market premium (GMP) for the Bulkcorp International IPO is currently at ₹82, with an expected listing gain of approximately 78.1%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.