Bulkcorp International IPO booked 265 times on last day on high retail demand; check allotment date

Bulkcorp International IPO closed with a bumper subscription on Thursday, August 1, as the public issue was booked 265 times led by a strong retail demand.

The NSE SME public offer received applications for nearly 34.9 crore shares compared to 13.16 lakh shares on offer on the last day of bidding, leading to an overall subscription of 265.1 times.

Retail individual investors applied for more than 23.87 crore shares against 6.58 lakh shares set aside for the category. The retail portion of the IPO was booked 362.4 times.

The NSE SME issue was subscribed 251.8 times in the non-institutional investors’ (NIIs) category with bids for 7.1 crore shares against 2.82 lakh shares set aside for the segment.

On the last day of subscription, the Qualified Institutional Buyers (QIB) placed bids for 3.92 crore shares against 3.75 lakh shares reserved for them. The QIBs’ portion was booked 104.4 times.

Bulkcorp International IPO offer size, price band and other details

Bulkcorp International IPO is a book-building issue worth ₹20.78 crore.

The public offer comprises an entirely fresh issue of 19.79 lakh shares, including an anchor allocation of 9.38 lakh shares.

Bulkcorp International IPO price band has been fixed at ₹100 to ₹105 per share.

Bulkcorp International Limited IPO dates

Bulkcorp International Limited IPO subscription was open from July 30 to August 1. After the successful subscription, the IPO allotment status is likely to be finalised on August 2.

Refunds will be initiated for unsuccessful bidders on August 5 and shares will be credited in the demat accounts of successful bidders the same day.

Shares of Bulkcorp International Limited are likely to be listed on the NSE SME platform on August 6.

Bulkcorp International Limited IPO registrar

Swastika Investmart Limited is the book-running lead manager of the Bulkcorp International IPO, while Kfin Technologies Limited is the registrar for the issue.

The market maker for Bulkcorp IPO is Sunflower Broking.

Bulkcorp International Limited IPO objective

Bulkcorp International plans to use the proceeds from the fresh issue towards capital expenditure. Additionally, funds will be utilized to meet working capital requirements, ensuring smooth day-to-day operations and sustaining our business momentum and a significant portion of the proceeds will be utilised for general corporate purposes.

About Bulkcorp International Limited IPO

Bulkcorp International Limited, founded in 2009, is a producer and distributor of food-grade Flexible Intermediate Bulk Container (FIBC) bags. The company offers a diverse range of customizable packaging solutions, including eight variations of Jumbo Bags and container liners. Its state-of-the-art manufacturing facility in Changodar, Ahmedabad, adheres to the BRC Global Standard for packing and packaging materials.