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Bulkcorp IPO
Price Band
₹100.0–105.0
Issue Size
₹20.78 Cr
Lot Size
1,200 shares
Min Investment
₹126,000
GMP
+₹82.0 (78.1%)
Issue Price
₹105.0
Subject to Sauda
₹74800
Paid only if allotted
Bulkcorp IPO AI Summary
- Bulkcorp IPO is listed on NSE SME in the Packaging sector.
- Price band: ₹100.0–₹105.0 per share, lot size 1,200 shares (min. investment ₹126,000).
- Subscription window: 30 Jul–01 Aug 2024, listing on 06 Aug 2024.
- Current GMP is +₹82.0 (78.1%), an estimated listing price of ₹187 — unofficial and can change daily.
Bulkcorp International Limited is set to launch its IPO with a price band of ₹100.0 to ₹105.0, aiming to raise approximately ₹20.78 Cr. The company has shown significant growth in income and profit over the past year, with a strong focus on customizable packaging solutions for various industries.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Bulkcorp IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Bulkcorp IPO Grey Market Premium (GMP) Today
GMP
+₹82.0
GMP %
+78.1%
Est. Listing
₹187.0
Updated: 25 Jul 2026 14:04
About the Company
Founded in 2009, Bulkcorp International Limited produces and distributes Food-Grade Flexible Intermediate Bulk Container (FIBC) bags. The company provides a variety of customizable packaging solutions, such as eight variations of FIBC bags (Jumbo Bags) and container liners. The company's manufacturing unit in Changodar, Ahmedabad, meets the BRC Global Standard for Packaging and Packaging Materials and has achieved Grade A certification. The company is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, as well as BRC certification. The company's products are supplied to industries such as agriculture, chemicals, construction, food, pharmaceuticals, and mining. The company has exported its product to countries such as the United States of America, Canada, the United Kingdom, South Africa, the Ivory Coast, South Korea, Spain, Europe, Egypt, etc. As of May 31, 2024, the company employs 195 people, including workers.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 32.36 | 17.65 | 21.77 | 19.76 |
| Total Income | 46.50 | 38.96 | 49.20 | 31.76 |
| Profit After Tax | 3.56 | 1.21 | 1.73 | 0.64 |
| NET Worth | 9.34 | 4.78 | 3.57 | 1.88 |
| Reserves and Surplus | 3.81 | 2.97 | 1.76 | 0.07 |
| Total Borrowing | 6.34 | 5.42 | 8.89 | 6.49 |
Key Ratios
EPS
₹6.43
NAV
₹16.87
ROE
50.40%
ROCE
40.25%
RoNW
38.10%
P/B Value
6.22
P/E Ratio
16.33
Market Cap
₹78.90 Cr
PAT Margin
7.88%
Debt/Equity
0.68
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Jumbo Bag Ltd. | 24.05 | 5.63% | 26.92 | 1.42 |
| Rishi Techtex Ltd. | 43.09 | 4.23% | 25.75 | 1.82 |
| Bulk Corp International Limited This IPO | 16.87 | 38.1% | — | 6.47 |
Promoters
Punit Mahendra Gopalka, Anup Mahendra Gopalka and Sanjay Pandurang Sadavarte
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure 2.18 2 To Meet Working Capital Requirements 11.00 3 General Corporate Purpose 5.15
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹38.96 Cr in the year ending 31 Mar 2023, rising to ₹46.50 Cr by 31 Mar 2024. This indicates a positive growth trend in revenue over the year.
Profit Trend
Profit After Tax was ₹1.21 Cr for the year ending 31 Mar 2023, increasing to ₹3.56 Cr by 31 Mar 2024. This shows a significant rise in profitability over the period.
Valuation
The company has an EPS of ₹6.43 and a P/E ratio of 16.33. Compared to its peers, which have P/E ratios ranging from 25.75 to 26.92, Bulkcorp is priced at a lower multiple, suggesting a potentially attractive valuation.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which an IPO is likely to list compared to its issue price. A positive GMP suggests that demand for the shares is high in the unofficial market, which may lead to listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth prospects and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs, as they can be subject to significant price fluctuations shortly after listing.
IPO Timeline, Explained
The IPO opens for subscription on July 30, 2024, and closes on August 1, 2024. Allotment of shares will be done on August 2, 2024, with the listing date set for August 6, 2024.
Listing Gains — The Risk
Listing gains refer to the profit made when shares are sold on the listing day at a higher price than the issue price. However, there is no guarantee of such gains, as market conditions can change rapidly, and prices may fluctuate significantly.
This evaluation is generated from Bulkcorp's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Bulkcorp IPO GMP today?
Bulkcorp IPO GMP today is +₹82.0 (78.1%), indicating an estimated listing price of ₹187. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Bulkcorp IPO?
The price band of Bulkcorp IPO is ₹100.0–₹105.0 per share.
When does Bulkcorp IPO open and close?
Bulkcorp IPO opens on 30 July 2024 and closes on 01 August 2024.
When does Bulkcorp IPO list on the stock exchange?
Bulkcorp IPO listed on 06 August 2024 at ₹187.0.
What is the lot size for Bulkcorp IPO?
The lot size for Bulkcorp IPO is 1200 shares, requiring a minimum investment of ₹126,000.
What is the price band for the Bulkcorp IPO?
The price band for the Bulkcorp IPO is ₹100.0 to ₹105.0.
What is the lot size for the Bulkcorp IPO?
The lot size for the Bulkcorp IPO is 1200 shares.
What is the minimum investment required for the Bulkcorp IPO?
The minimum investment required for the Bulkcorp IPO is ₹126,000.
What is the listing date for the Bulkcorp IPO?
The listing date for the Bulkcorp IPO is August 6, 2024.
What does GMP mean in the context of IPOs?
GMP stands for Grey Market Premium, which indicates the expected premium at which an IPO is likely to list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2024
Close
01 Aug 2024
Allotment
02 Aug 2024
Listing
06 Aug 2024
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