Bulkcorp International IPO Subscription Status

Bulkcorp IPO Subscription - Day-3 Subscription at 264.90 times

Bulkcorp  IPO closed on 1 Aug. Shares of Bulkcorp are likely to be listed on 6 August on NSE SME platform. As of 1 Aug 2024, Bulkcorp  IPO received bids for 34,87,11,600 shares much more than the 13,16,400 shares available. It means Bulkcorp IPO was oversubscribed 264.90 times by the end of day 3.

Here are the subscription details for Bulkcorp IPO as of Day 3

Bulkcorp IPO subscription was mainly driven by retail investors on day 3, followed by HNI / NII then Qualified Institutional Buyers (QIBs) showing less interest on day 3. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Bulkcorp IPO for Days 1, 2, and 3

On day 1, Bulkcorp IPO was subscribed 14.20 times. By day 2, the subscription status had risen to 54.86 times and on day 3, it reached 264.90 times.

Here are the subscription details for Bulkcorp IPO by category as of Day 3:

For Bulkcorp IPO anchor Investors and market Makers each subscribed 1 time. Qualified Institutional Buyers (QIBs) portion subscribed 104.42 times on day 3. HNIs / NIIs portion subscribed 251.39 times, while Retail Investors subscribed 362.17 times. Overall, Bulkcorp IPO was subscribed 264.90 times on Day 3.

Bulkcorp IPO Subscription - Day-2 Subscription at 54.40 time

Bulkcorp IPO will close on 1 Aug. Shares of Bulkcorp are likely to be listed on 6 August on NSE SME platform. On 31 July 2024, Bulkcorp  IPO received bids for 7,16,13,600 shares much more than the 13,16,400 shares available. It means Bulkcorp  IPO was oversubscribed by 54.40  times by the end of day 2.

Here are the subscription details for Bulkcorp IPO as of Day 2 as of 5.40 pm:

Bulkcorp  IPO subscription was mainly driven by retail investors on day 2, followed by High NetWorth Individuals and Non-Institutional Investors (NIIs), then Qualified Institutional Buyers (QIBs) showing less interest on day 2 also. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Bulkcorp IPO by category as of Day 2:

Data Source: NSE

On day 1, Bulkcorp  IPO was subscribed 14.20 times. By day 2, the subscription status had risen to 54.40 times. Qualified Institutional Buyers (QIBs) portion subscribed 5.28 times on day 2. HNIs / NIIs portion subscribed 31.00 times, while Retail Investors subscribed 92.42 times. Overall, Bulkcorp IPO was subscribed 54.40 times on Day 2.

Bulkcorp International  IPO Subscription - Day-1 Subscription at 14.13 Times

Bulkcorp IPO will close on 1 Aug. Shares of Bulkcorp are likely to be listed on 6 August on the NSE SME platform. On 30 July 2024, Bulkcorp IPO received bids for 1,85,95,200 shares, much more than the 13,16,400 shares available. This means that Bulkcorp International  IPO was oversubscribed by 14.13 times by the end of day 1.

Here are the subscription details for Bulkcorp International IPO as of Day 1:

Bulkcorp  IPO subscription was mainly driven by retail investors on day 1, followed by High NetWorth Individuals and Non-Institutional Investors (NIIs), then Qualified Institutional Buyers (QIBs) showing less interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Bulkcorp International IPO by category as of Day 1:

Data Source: NSE

On day 1, Bulkcorp International IPO was subscribed 14.13 times. Qualified Institutional Buyers (QIBs) portion subscribed 4.77 times on day 1. HNIs / NIIs portion subscribed 6.89 times, while Retail Investors subscribed 22.56 times. Overall, Bulkcorp IPO was subscribed 14.13 times.

About Bulkcorp International Ltd

Bulkcorp International specializes in customizable packaging solutions including FIBC (jumbo) bags and container liners. Their manufacturing plant in Changodar, Ahmedabad is equipped with advanced machinery. The company serves various sectors such as agriculture, chemicals, construction, food, pharmaceuticals and mining with an international customer base including the USA, Canada, UK, South Africa, Ivory Coast, South Korea, Spain, Europe, and Egypt. 

Highlights of Bulkcorp International IPO

IPO Price Band: ₹100 to ₹105 per share

Minimum Application Lot Size: 1200 shares

Minimum Investment for Retail Investors: ₹126,000

Minimum Investment for High Net-worth Investors (HNI): 2 lots (2400 shares), ₹252,000

Registrar: Kfin Technologies Limited

Bulkcorp will utilize the net proceeds towards Capital Expenditure, supporting the company's working capital needs and covering general corporate expenses.