A Maildir is simply a directory that has the cur, tmp and new subdirectories.
IMAP Folders are usually simply subdirectories inside the main Maildir whose names start with a period, and which in turn are themselves Maildirs. They must also contain a  zero-length file named maildirfolder. See http://www.courier-mta.org/maildir.html
That makes it trivial to create new folders with the mkdir command.
mkdir /path/to/Maildir/.Bulk
mkdir /path/to/Maildir/.Bulk/new
mkdir /path/to/Maildir/.Bulk/tmp
mkdir /path/to/Maildir/.Bulk/cur
touch /path/to/Maildir/.Bulk/maildirfolder
By making use of shell expansion you can  reduce that to a single mkdir command:
mkdir -p /path/to/Maildir/.Bulk/{cur,tmp,new} 
touch /path/to/Maildir/.Bulk/maildirfolder
An IMAP subfolder  is not nested in the parents Maildir folder, but  represented as a directory on the some levels as the parent, with a name that starts with a leading dot . , the name of the parent folder, a second dot . and then the name of the sub folder, i.e. a subfolder "Serverfault" in you "Bulk" folder may look like:
mkdir -p /path/to/Maildir/.Bulk.Serverfault/{cur,tmp,new}
touch /path/to/Maildir/.Bulk.Serverfault/maildirfolder