Bulkcorp International Limited IPO Makes a Strong Market Debut, Lists at ₹130 with a 24% Premium!Bulkcorp International Limited IPO Makes a Strong Market Debut, Lists at ₹130 with a 24% Premium!

Bulkcorp International shares debuted strongly on the NSE SME at ₹130 per share, a 24% rise from the ₹105 IPO upper price band. The issue was subscribed 176.35 times, driven by retail, non-institutional, and qualified institutional investors.

The IPO, open from July 30 to August 1, 2024, had a price band of ₹100 to ₹105 per share and included a fresh issue of 1,978,800 equity shares, reducing the promoter group’s shareholding from 98.10% to 72.26%.

Bulkcorp International Limited, certified to ISO 45001:2018 and BRC standards, manufactures customizable Food-Grade FIBC bags in Changodar, Ahmedabad. Their facility, with an ISO 21898-compliant lab and strategic location, has a 4800 MTPA capacity, serving global agriculture, chemical, and pharmaceutical industries. They are a one-star export house.

Bulkcorp International Limited IPO aims to use the funds for business expansion, enhance working capital, and support general corporate purposes, which may include debt repayment and funding new projects.