Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Fri, Aug 30, 2024 - Tue, Sep 3, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 30, 2024
IPO Close
Tue, Sep 3, 2024
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹29.35 Cr
| IPO Date | 30 Aug to 3 Sep, 2024 |
| Listed on | Fri, Sep 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 12,74,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 66,000 shares B.N.Rathi Securities Ltd. (agg. up to ₹0.4356 Cr) |
| Fresh Issue (Ex Market Maker) | 12,08,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 12,08,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 31,72,260 shares |
| Share Holding Post Issue | 44,46,260 shares |
| NSE Symbol | BOSS |
| ISIN | INE0QNI01012 |
Boss Packaging Solutions IPO comprises a total issue size of 12,74,000 shares. The net offer to the public is 12,08,000 shares, after excluding 66,000 shares allotted on a firm basis. Of the Net offer 6,04,000 (50.00%) allocated to NII 6,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,04,000 | 50.00% | 47.41% |
| Retail Shares Offered | 6,04,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 66,000 | 5.18% | |
| Total Shares Offered | 12,74,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 7.66 | 5.36 | 2.79 |
| Total Income | 12.18 | 10.35 | 5.48 |
| Profit After Tax | 1.01 | 1.01 | 0.42 |
| NET Worth | 4.53 | 2.02 | 1.02 |
| Reserves and Surplus | 1.36 | 2.01 | 1.01 |
| Total Borrowing | 0.66 | 0.04 | 0.20 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of machineries | 3.34 |
| 2 | Funding our Working Capital Requirements; and | 3.00 |
| 3 | General Corporate Purpose | 1.42 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 3.19 | 2.27 |
| P/E (x) | 20.72 | 29.04 |
| Promoter Holding | 100% | 71.35% |
| Market Cap | ₹29.35 Cr. |
The Boss Packaging Solutions IPO is subscribed 136.21 times on September 3, 2024 6:19:59 PM (Day 3). The public issue subscribed 165.29 times in the retail category, [.] times in the QIB category, and 103.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 103.8 | 6,04,000 | 6,26,94,000 |
| Retail | 165.29 | 6,04,000 | 9,98,38,000 |
| Total | 136.21 | 12,08,000 | 16,45,44,000 |
Total Application : 49,919
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees | 0.18 |
| 2 | Fees payable to Registrar to Issue, Legal and Other services Advertising and marketing expenses, printing and distribution of issue stationery, brokerage, selling, commission and upload fees | 0.17 |
| 3 | Regulators including Stock Exchanges | 0.06 |
| 4 | Others, if any (Market making, Other Intermediary fees, Underwriter fees, consultant fees, underwriting expense, depositories, marketing fees etc.) | 0.24 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹82.50 |
| Low | ₹78.40 |
| High | ₹86.60 |
| Last Trade | ₹86.60 |
Lead Manager Reports
Boss Packaging Solutions IPO is a SME IPO of 12,74,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Aug 30, 2024, and closes on Tue, Sep 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 Fri, Aug 30, 2024 and closes on Tue, Sep 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 Thu, Sep 5, 2024. Check the Boss Packaging Solutions IPO allotment status.
The Boss Packaging Solutions IPO listing date is on Fri, Sep 6, 2024.
