Bulkcorp International’s initial public offering (IPO) subscription period will open on Tuesday, July 30, and run through Thursday, August 1. The offer has a price range of ₹100 to ₹105, with a face value of ₹10 per share. Multiples of those shares are available, and bids are being accepted for a minimum of 1,200 shares.
Bulk Corp International IPO
One of the highlights of the ₹20.78 crore Bulkcorp International IPO is the new issue of 1,978,800 equity shares with a face value of ₹10. The phrase “offer for sale” is not present. Working capital needs, capital expenditures, and general business purposes will be covered by the proceeds of the new issue. Swastika Investmart Ltd. is the book running lead manager for the Bulkcorp IPO, and Kfin Technologies Limited is the issue registrar. Bulkcorp’s IPO is being market-made by Sunflower Broking.
Bulk Corp International IPO Details
- Cost Price: ₹105
- 1200 shares are in the lot.
- Date of Allocation: August 2, 2024.
- Date of listing: August 6, 2024.
- 1,978,800 equity shares and an estimated ₹20.78 crores were issued in the IPO.
Bulk Corp International Financial
| FY 2024 | |
| Revenue | 45.18 |
| Expenses | 41.71 |
| Net income | 3.56 |
About Bulk Corp International
Bulk Corp International, founded in 2009, manufactures and supplies Food Grade Flexible Intermediate Bulk Container (FIBC) bags. The company provides a variety of customisable packaging options, including FIBC bags (Jumbo Bags) in eight different sizes and container liners. The company serves key industries such as agriculture, chemical, construction, food, pharmaceutical, and mining. Its consumer base is global, having locations in the United States of America, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, other European countries, and Egypt.
In the FIBC manufacturing sector, Bulkcorp International Limited is a symbol of excellence, creativity, and worldwide competitiveness. Bulkcorp has a strong global footprint, a strategic location, and a commitment to quality standards that enable it to fulfill the changing needs of its diversified clients while also continuing on its current growth trajectory.
