Two other Indians, Jyoti Randhawa and Khalin Koshi carded 70 each and were T-20.
Making things close was the fact that 27 golfers are within three shots of the lead at 2017's final event being played at the Phoenix Gold Golf and Country Club here.
Newly-wed Bhullar enjoyed a bogey-free round, highlighted by birdies on holes six, seven, 10 and 11.
The 29-year-old Indian did not have ample time to prepare for the USD 500,000 tournament as he arrived in Thailand the previous night.
Bhullar said, "I had a good, stable round. I hit the ball really well. I gave myself a lot of birdie opportunities but because I misread the speed of the greens, I missed some of them. Overall, it's a decent start to the tournament.
"I actually played without a practice round as I arrived last night, but because I played here last year, I have a rough idea of what's going on at the course.
"It took me a few holes to get used to the speed and the slopes. By hole five, I was a little more confident and comfortable. I'm looking forward to the next three days."
He said, "I started off striking the ball very well and I've left quite a few shots out there. I putted 31 times and shot 67, which means that I've done very well when it comes to ball striking.
"I made a good par save on the last from the bunker. When you hole a good putt on the last hole, it always leaves a good taste in the mouth.
Bhullar is the first player to win eight titles on the Asian Tour before turning 30. He has three wire-to-wire victories so far.
Kapur bounced back from liver surgery and dengue fever to win two tournaments in 2017, the Yeangder Heritage and Panasonic Open India.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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