Boss Packaging Solutions IPO will open for subscription from 30 August 2024. The company aims for an issue size of ₹8.41 Cr through this IPO.
Company Overview
| Full name | Boss Packaging Solutions Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Packaging |
| Company Website | https://bosspackaging.in/ |
About Company
Founded in 2012 as a manufacturer of filling and sticker labeling machines, Boss Packaging has evolved into a manufacturer, supplier, and exporter of a wide range of packaging solutions. Their product lineup includes capping and filling machines, self-adhesive sticker labeling machines, conveyors, turn tables, web sealers, sleeve applicators, and more. The company has established a sales and distribution network across India.
The company’s products are used in various industries, including edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquids, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetics and toiletries, and distilleries and breweries. Boss Packaging served over 70 customers in Fiscal year 2024, 60 customers in Fiscal year 2023, and 50 customers in Fiscal year 2022. As of 31 March 2024, the company has a total staff strength of 64 employees, including skilled and unskilled labor, administrative staff, and the management team.
The Objectives of the Issue
- Purchase of machineries;
- Funding the Working Capital Requirements; and
- General Corporate Purpose
Boss Packaging Solutions IPO Timetable
| IPO Opening date | 30 August 2024 |
| IPO Closing | 03 September 2024 |
| Basis of Allotment | 04 September 2024 |
| Initiation Refund | 05 September 2024 |
| Credit to Demat Account | 05 September 2024 |
| Listing Date | 06 September 2024 |
Boss Packaging Solutions IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹8.41 Cr – 1,274,000 shares |
| Fresh Issue | ₹8.41 Cr – 1,274,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹66 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 66,000 shares |
| Shareholding pre-issue | 3,172,260 |
| Shareholding post-issue | 4,446,260 |
| Listing Exchange | NSE SME |
Boss Packaging Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4,000 | ₹264,000 |
Boss Packaging Solutions Offer Documents
Boss Packaging Solutions IPO Reservation Details
Boss Packaging Solutions IPO offers 12,74,000 shares. 6,04,000 (47.41%) to NII, 6,04,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 66,000 (5.18%) |
| Other Shares Offered | 6,04,000 (47.41%) |
| Retail Shares Offered | 6,04,000 (47.41%) |
| Total Shares Offered | 12,74,000 (100%) |
Boss Packaging Solutions Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 5.47 | 10.34 | 12.17 |
| Expenses | 4.92 | 9.00 | 10.79 |
| Net income | 0.42 | 1.01 | 1.01 |
Boss Packaging Solutions Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.68 | 6.44 | 3.38 |
| PE ratio | – | – | 19.53 |
| RONW (%) | 41.14 | 49.75 | 22.31 |
| NAV | 6.51 | 12.95 | 14.28 |
| ROCE (%) | 53.26 | 67.35 | 28.99 |
| EBITDA (%) | 12.64 | 13.90 | 12.78 |
| Debt/Equity | 0.19 | 0.02 | 0.14 |
Company Promoters
- Manishbhai Natvarbhai Brahmbhatt
- Kamlesh Hasmukhbhai Patel
- Ketan Suryakant Thakkar
- Jagrutiben Manishbhai Brahmbhatt
- Bhavikaben Ketan Thakkar
- Premkumar Manishbhai Brahmbhatt
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 71.35% |
Boss Packaging Solutions Offer GMP Update
Coming Soon
Boss Packaging Solutions IPO Subscription Update
Coming Soon
Boss Packaging Solutions IPO Allotment Status
Boss Packaging IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Boss Packaging Solutions IPO Listing Details
| Listing Date | 06 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Boss Packaging Solutions IPO Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
Boss Packaging Solutions Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: bpsl.ipo@kfintech.com
Website: www.kfintech.com
Boss Packaging Solutions Contact Details
BOSS PACKAGING SOLUTIONS LIMITED
11-C, Survey No. 56/1/2/3, Ramdev Estate,
Near Siddipura Estate, Opposite Ramol Mehmdabad Highway,
Vin Zol Road, Ahmedabad, Gujarat 382445, India
Phone: 079-48972009
E-mail: cs@bosspackaging.in
Website: www.bosspackaging.in
Boss Packaging Solutions IPO FAQs
What is Boss Packaging’s offer size?
Boss Packaging’s offer size is ₹ 8.41 crores.
What is Boss Packaging’s offer price band?
Boss Packaging’s public offer price is ₹ 66 per share.
What is the lot size of the Boss Packaging IPO?
Boss Packaging offer a lot size is 2,000 shares.
What is Boss Packaging IPO GMP today?
Boss Packaging IPO GMP today is ₹ NA per share.
What is the Boss Packaging kostak rate today?
Boss Packaging kostak rate today is ₹ NA per application.
What is Boss Packaging Subject to the Sauda rate today?
Boss Packaging is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
Boss Packaging Solutions IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
