Bulkcorp International IPO allotment on August 2: Steps to check status on KFin Technologies

The allotment of shares in the initial public offer (IPO) of Bulkcorp International Limited is scheduled to be finalised today, August 2. The public issue was significantly oversubscribed, with an overall subscription rate of 265.10 times on the final day of bidding, August 1. It attracted over 34.89 crore bids, surpassing the 13,16,400 shares available. Specifically, the IPO was subscribed 362.17 times in the retail category, 104.42 times in the Qualified Institutional Buyer (QIB) category, and 251.39 times in the Non-Institutional Investor (NII) category.

With the bidding period over, the IPO’s basis of allotment will be finalised today (August 2). Investors can check their allotment status through KFin Technologies, the registrar.

Bulkcorp International Limited IPO: Check the allotment on the NSE portal

• Log on to the NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Create a new registration or log in to your account using your ID and password.
• Choose ‘Bulkcorp International Limited’ from the list.
• Enter PAN number.
• Enter your application application Number.
• Click submit.

Bulkcorp International Limited IPO: Check the allotment status on the registrar portal

• Visit the official KFin Technologies website — https://ris.kfintech.com/ipostatus/
• Choose ‘Bulkcorp International Limited’ from the dropdown menu.
• The company’s name will appear on the menu once the share allocation has been finalised.
• Select any of the following — application number, demat account or PAN (Permanent Account Number) to check your allotment status.
• Enter relevant information based on your choice — application number, PAN, or demat account number.
• Complete the CAPTCHA verification.
• Click the ‘Submit’ button to view your allotment status.

Bulkcorp International Limited IPO details

The Bulkcorp International Limited IPO is a book-built issue valued at ₹20.78 crore, consisting entirely of a fresh issue of 19.79 lakh shares. The price band for the IPO was set between ₹100 and ₹105 per share. For retail investors, the minimum lot size was set at one lor, or 1,200 shares, which translated to a minimum investment of ₹1,26,000. High-net-worth individuals (HNIs) were required to apply for a minimum of two lots or 2,400 shares, requiring an investment of ₹2,52,000.

The Bulkcorp International Limited IPO is set to list on the NSE SME platform.

Swastika Investmart Ltd is serving as the book-running lead manager for the Bulkcorp International Limited IPO, with Kfin Technologies Limited handling the registrar duties. Sunflower Broking is the appointed market maker for the IPO.

Bulkcorp International Limited IPO key dates

The Bulkcorp International Limited IPO opened for bidding on Tuesday, July 30, and closed on Thursday, August 1. Following the finalisation of the IPO’s basis of allotment today (August 2), refunds for unsuccessful applicants are scheduled to be initiated on Monday, August 5. On the same day, shares will be credited to the demat accounts of successful applicants. Finally, the IPO is set to list on the NSE SME platform on Tuesday, August 6.

Bulkcorp International Limited IPO purpose

Bulkcorp International Limited will use the IPO’s proceeds for several key purposes. A portion will be allocated to capital expenditure. Secondly, the funds will be used to meet working capital requirements. Finally, a portion of the proceeds will be directed towards general corporate purposes.

About Bulkcorp International Limited

Bulkcorp International Limited produces and distributes food-grade Flexible Intermediate Bulk Container (FIBC) bags. The company, founded in 2009, provides a range of customisable packaging options, such as container liners and eight varieties of FIBC bags. Its products are used in the food, mining, chemicals, construction, agriculture, and pharmaceutical industries.

Bulkcorp International Limited operates a manufacturing facility in Changodar, Ahmedabad. The company also exports products to markets in the United States, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Egypt, Spain, and other European countries.