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Boss Packaging Solutions IPO is a fixed price issue of ₹8.41 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹8.41 crore.
Boss Packaging Solutions IPO bidding started from Aug 30, 2024 and ended on Sep 3, 2024. The allotment for Boss Packaging Solutions IPO was finalized on Sep 4, 2024. The shares got listed on NSE SME on Sep 6, 2024.
Boss Packaging Solutions IPO price is ₹66.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,64,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is B.N.Rathi Securities Ltd..
Refer to Boss Packaging Solutions IPO RHP for detailed Information.
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | September 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,74,000 shares (aggregating up to ₹8.41 Cr) |
| Reserved for Market Maker | 66,000 shares B.N.Rathi Securities Ltd. (aggregating up to ₹0.4356 Cr) |
| Net Offered to Public | 12,08,000 shares (aggregating up to ₹7.97 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 31,72,260 shares |
| Share Holding Post Issue | 44,46,260 shares |
Boss Packaging Solutions IPO offers total 12,74,000 shares. Out of which 6,04,000 (47.41%) allocated to NII, 6,04,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 66,000 (5.18%) |
| NII (HNI) Shares Offered | 6,04,000 (47.41%) |
| Retail Shares Offered | 6,04,000 (47.41%) |
| Total Shares Offered | 12,74,000 (100.00%) |
Boss Packaging Solutions IPO opens on August 30, 2024, and closes on September 3, 2024.
| IPO Open Date | Fri, Aug 30, 2024 |
| IPO Close Date | Tue, Sep 3, 2024 |
| Tentative Allotment | Wed, Sep 4, 2024 |
| Initiation of Refunds | Thu, Sep 5, 2024 |
| Credit of Shares to Demat | Thu, Sep 5, 2024 |
| Tentative Listing Date | Fri, Sep 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 3, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in January 2012, Boss Packaging Solutions Limited manufactures, supplies, and exports a variety of packaging, capping, and filling machines. They also offer self-adhesive sticker labelling machines, conveyors, turntables, web sealers, and sleeve applicators.
The company's product portfolio includes a variety of labeling, packing, filling, and sealing machines, as well as accessories and full packaging lines, which are used in various industries.
The company supplies its products to industries such as edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquid, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries.
The company has served 70 customers, 60 customers and 50 customers during the Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.
As of August 2024, The company has sold its machines in over 18 Indian states, 3 Union territories, and 4 countries..
As on March 31, 2024, the company employs a total of 64 staff members, consisting of skilled and unskilled labor, administrative personnel, and the management team.
Boss Packaging Solutions Limited's revenue increased by 17.67% and profit after tax (PAT) rose by 0.53% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 766.10 | 536.12 | 279.21 |
| Total Income | 1,217.54 | 1,034.71 | 548.21 |
| Profit After Tax | 101.04 | 100.51 | 41.77 |
| Net Worth | 452.93 | 202.04 | 101.53 |
| Reserves and Surplus | 135.70 | 201.04 | 100.53 |
| Total Borrowing | 65.62 | 3.70 | 19.73 |
| Amount in ₹ Lakhs | |||
The market capitalization of Boss Packaging Solutions IPO is ₹29.35 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 22.31% |
| ROCE | 28.99% |
| Debt/Equity | 0.14 |
| RoNW | 22.31% |
| PAT Margin | 8.30% |
| Price to Book Value | 4.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.19 | 2.27 |
| P/E (x) | 20.72 | 29.04 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company has posted growth in its top lines for the reported periods, but marked static bottom line for the last two fiscals. Small post-IPO equity base indicates longer gestation period for migration. Though the company is operating in a highly competitive and fragmented segment of packaging and sticker machines, considering current fancy for the segment, well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | September 6, 2024 |
| BSE Script Code | |
| NSE Symbol | BOSS |
| ISIN | INE0QNI01012 |
| Final Issue Price | ₹66 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹82.50 |
| Low | ₹78.40 |
| High | ₹86.60 |
| Last Trade | ₹86.60 |
Boss Packaging Solutions Ltd.
11-C, Survey No. 56/1/2/3, Ramdev Estate,
Near Siddipura Estate, Opposite Ramol Mehmdabad
Highway, Vin Zol Road, Ahmedabad-382445
Ahmedabad, Gujarat
Phone: 079-48972009
Email: cs@bosspackaging.in
Website: https://bosspackaging.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bpsl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Boss Packaging Solutions IPO is a SME IPO of 12,74,000 equity shares of the face value of ₹10 aggregating up to ₹8.41 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on August 30, 2024, and closes on September 3, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Boss Packaging Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Boss Packaging Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Boss Packaging Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Boss Packaging Solutions IPO opens on August 30, 2024 and closes on September 3, 2024.
Boss Packaging Solutions IPO lot size is 2000, and the minimum amount required for application is ₹1,32,000.
You can apply in Boss Packaging Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Boss Packaging Solutions IPO will be done on Wednesday, September 4, 2024, and the allotted shares will be credited to your demat account by Thursday, September 5, 2024. Check the Boss Packaging Solutions IPO allotment status.
The Boss Packaging Solutions IPO listing date is on Friday, September 6, 2024.
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