Bulkcorp, a new player in the stock market, is set to debut with an Initial Public Offering (IPO) worth ₹20.78 crores. The entire issue consists of a fresh offering of 19.79 lakh shares.
Investors can participate in the Bulkcorp IPO from July 30, 2024, until August 1, 2024. The allotment process is expected to conclude on Friday, August 2, 2024. Following the allotment, Bulkcorp’s shares will be listed on the National Stock Exchange (NSE) SME platform, with a tentative listing date set for Tuesday, August 6, 2024.
Bulkcorp International, a global leader in the Flexible Intermediate Bulk Container (FIBC) segment, offers packaging solutions for various industries. They specialize in manufacturing food-grade FIBC bags, container liners, and other packaging solutions.
The price band for the Bulkcorp IPO is ₹100 to ₹105 per share. Retail investors can apply for a minimum lot size of 1200 shares, requiring an investment of ₹126,000. High-net-worth individuals (HNIs) have the option to invest in a minimum of 2 lots (2400 shares), totaling ₹252,000.
Swastika Investmart Ltd serves as the book running lead manager for the Bulkcorp IPO, while Kfin Technologies Limited acts as the registrar. Sunflower Broking is the designated market maker for this promising IPO.
Bulkcorp IPO Details:
| Company Name | Bulkcorp International |
| Sector | Manufacturing |
| IPO Type | SME |
| IPO Open date | 30th July 2024 |
| IPO Close date | 01st Aug 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Bulkcorp IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,26,000 |
| HNI (Min) | 2 | 2400 | 2,52,000 |
Bulkcorp IPO Timeline:
| IPO Open Date | 30th July 2024 |
| IPO Close Date | 01st Aug 2024 |
| Basis of Allotment | 02nd Aug 2024 |
| Refund Initiation Date | 05th Aug 2024 |
| Shares Credit to Demat | 05th Aug 2024 |
| Listing Date | 06th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Bulkcorp’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Bulkcorp and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
