IPO Details
Bidding Dates
30 Jul 24 - 01 Aug 24
Price Range ₹
100 - 105
Total Equity
₹ 20.78Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
30 Jul 2024
Offer end
01 Aug 2024
Allotment
02 Aug 2024
Refund initiation
05 Aug 2024
Demat transfer
05 Aug 2024
Listing
06 Aug 2024
Offer start
30 Jul 2024
Offer end
01 Aug 2024
Allotment
02 Aug 2024
Refund initiation
05 Aug 2024
Demat transfer
05 Aug 2024
Listing
06 Aug 2024
About Company
Founded in 2009, Bulkcorp International Limited specializes in producing and distributing Food-Grade Flexible Intermediate Bulk Container (FIBC) bags. They offer a wide range of customizable packaging solutions, including eight variations of FIBC bags (Jumbo Bags) and container liners. Their manufacturing unit in Changodar, Ahmedabad, adheres to the BRC Global Standard for Packing and Packaging Materials, achieving Grade A certification. Additionally, the company holds certifications for ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and BRC. Bulkcorp International serves various industries such as agriculture, chemicals, construction, food, pharmaceuticals, and mining. They have exported their products to numerous countries, including the United States, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, various European nations, and Egypt. As of May 31, 2024, the company employs 195 people, including workers.
Year Founded
08-10-2009
Promotor Details
Punit Gopalka
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 98.1 | 72.26 |
| Share Capital | 5430000 | 5430000 |
Offer to Public
19,78,800.00 Cr
Project Details
- To Meet Working Capital Requirements - 110cr
- Capital Expenditure - 21.8cr
Objectives
- Capital ExpenditureTo Meet Working Capital RequirementsGeneral Corporate Purpose
Highlights
- Holding multiple ISO certifications and BRC Global Standards certification, ensuring high-quality, environmentally responsible, and safe manufacturing practices.
- Offering a wide range of FIBC bags and container liners, catering to various industry needs.
- Manufacturing FIBC bags in compliance with ISO 21898, ensuring product reliability and safety.
- Doubling the installed capacity of the manufacturing facility, allowing for greater production output and the ability to meet higher demand.
- Exporting products to multiple countries, demonstrating a strong international presence and customer trust.
Challenges
- Heavy reliance on Gujarat for domestic revenue and the United States for exports makes the company vulnerable to regional economic and political changes.
- A significant portion of sales comes from the top 10 customers. Losing any of these clients or experiencing a reduction in orders could substantially harm the business.
- Involvement in multiple legal proceedings could lead to significant liabilities if rulings are unfavorable, affecting the company’s financial stability.
- The company’s total debt of Rs 6.34 crore could limit financial flexibility and increase vulnerability to economic downturns.
- Over-reliance on a few key suppliers, especially the group company Umasree Texplast Private Limited, poses a risk to the continuity of operations if any supply disruptions occur.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 1,975.98 | 181.00 | 172.56 | 172.56 | 3.1779 |
| 2022 | 2,177.11 | 181.00 | 63.53 | 63.53 | 1.17 |
| 2023 | 1,765.18 | 181.00 | 172.56 | 172.56 | 3.1779 |
