Bulkcorp International IPO

Bulkcorp International Ltd

₹1,20,000 /1200 sharesMinimum Investment

Bulkcorp International IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Jul ‘24 - 1 Aug ‘24₹1,20,0001,200₹100 - ₹105
Issue SizeIPO Doc
20.78Cr
RHP PDF

About Bulkcorp International

Bulkcorp International Limited is a producer and distributor of food grade flexible intermediate bulk containers (FIBC), commonly known as jumbo bags. The company's manufacturing site is located in Changodar, Ahmedabad. Bulkcorp’s offerings include FIBC bags in eight different variations and container liners, which are used for packaging dry bulk materials such as petrochemicals, urea, soda ash, foodgrains, coffee, and fertilisers, among others. The company primarily sources its raw materials from Gujarat. Bulkcorp serves various industries, including agriculture, chemicals, construction, food, pharmaceuticals, and mining. It has a presence in the United States, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, and Egypt, among others.;
Founded in
2009
Managing director
Mr. Punit Mahendra Gopalka
Parent organisation
Bulkcorp International Ltd

Strengths & Financials of Bulkcorp International

Strengths
Risks
Bulkcorp International is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management systems. It is also a BRC Global Standards for Packaging Materials certified company.
Bulkcorp International offers a product portfolio that includes 4 loop FIBC bags, Q FIBC bags, UN certified bags, ventilated bags, conductive bags (Type C), Type D bags, one two loop FIBC bag, and container liners.
The company’s FIBC bags are manufactured in compliance with ISO 21898.
Recently, the company doubled the installed capacity of the manufacturing facility from 2,400 MTPA to 4,800 MTPA.
Over 95% of the company’s domestic revenue in the years 2020-21 through 2023-24 was generated from operations in Gujarat. The United States accounted for more than 70% of the company’s total exports during these years. Any negative developments in these regions could significantly impact the company's business operations.
The top 10 customers of Bulkcorp International contributed 92.35%, 90.82%, 96.51%, and 92.02% of total sales for the years ending March 31, 2021, 2022, 2023, and 2024, respectively. Any loss of clients or slowdown in orders from these clients could significantly hurt the company’s business prospects.
The company, its promoter, directors, and group company are involved in various legal proceedings. Any unfavourable rulings in these proceedings could result in significant liabilities, which could negatively impact the company’s operations.
On March 31, 2024, the company had total indebtedness, including both short-term and long-term borrowings, of Rs 6.34 crore.
The company’s top 10 suppliers contributed more than 98% of its total purchases for the years ended March 31, 2024, 2023, 2022, and 2021. Additionally, more than 82% of its total purchases were from its group company, Umasree Texplast Private Limited. Any loss of supplies from any of these suppliers could adversely impact the company’s operations.

Bulkcorp International Financials

*All values are in Rs. Cr
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Application Details of Bulkcorp International IPO

Apply asPrice bandApply Range
Regular100 - 105₹2 - 5 Lakh
High Networth Individual100 - 105₹2 - 5 Lakh
For Bulkcorp International IPO, eligible investors can apply as Regular.