Boss Packaging Solutions IPO
Open SmeCurrent GMP
₹12 (+18.18%)
Price Band
₹ 66 – 66
Lot Size
2000
Issue Size
₹8.41 Cr
Minimum Investment
₹264000 (4000 Shares)
Listing Date
06 September 2024
Subscription
-
About the Company
Founded in 2012 Boss Packaging Solutions Limited 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.
Promoters
The promoters of the company are
- Manishbhai Natvarbhai Brahmbhatt
- Kamlesh Hasmukhbhai Patel
- Ketan Suryakant Thakkar
- Jagrutiben Manishbhai Brahmbhatt
- Bhavikaben Ketan Thakkar
- Premkumar Manishbhai Brahmbhatt
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
71.35%
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Purchase of machineries
- Funding the Working Capital Requirements
- General Corporate Purpose
Address / Contact Info
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-382445
Phone: 079-48972009
Email: cs@bosspackaging.in
Website: https://bosspackaging.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 30 August 2024
IPO Close Date
Tuesday, 03 September 2024
Basis of Allotment
Wednesday, 04 September 2024
Initiation of Refunds
Thursday, 05 September 2024
Credit of Shares to Demat
Thursday, 05 September 2024
Listing Date
Friday, 06 September 2024 — NSE & BSE
Important Dates
Open Date
30 August 2024
Close Date
03 September 2024
Basis Of Allotment
04 September 2024
Listing Date
06 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 766.1 | 536.12 | 279.21 |
| Revenue | 1217.54 | 1034.71 | 548.21 |
| Profit After Tax | 101.04 | 100.51 | 41.77 |
| Net Worth | 452.93 | 202.04 | 101.53 |
| Reserve & Surplus | 135.7 | 201.04 | 100.53 |
| Total Borrowings | 65.62 | 3.7 | 19.73 |
EPS Pre
3.19%
EPS Post
2.27%
P/E Pre
20.72
P/E (Post Issue)
29.04x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 22.31 |
| ROCE % | 28.99 |
| Debt / Equity | 0.14 |
| RoNW % | 22.31 |
| PbW | 4.62 |
| Pat Margin % | 8.3 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 66000 | 5.18 | 0 |
| Others | 604000 | 47.41 | 0 |
| Retail Investors | 604000 | 47.41 | 0 |
| Total | 1274000 | 100 | 0 |
Subscription Status ( Mon, 26 Aug 24 08:01 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 2012000 | 0x |
| Non-Institutional | 0 | 60748000 | 0x |
| Retail Investors | 0 | 99844000 | 0x |
| Total | 0 | 162604000 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 132,000.00 |
| Retail (Max) | 1 | 2,000 | 132,000.00 |
| S-HNI (Min) | 2 | 4,000 | 264,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Fedex Securities Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Boss Packaging Solutions IPO is a Fixed price IPO worth ₹8.41 crores. The price band is ₹66 to 66 per share. The IPO opens on Fri, Aug 30, 2024 and closes on Tue, Sep 3, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Boss Packaging Solutions IPO opens on Fri, Aug 30, 2024 and closes on Tue, Sep 3, 2024
Boss Packaging Solutions IPO Price Band is ₹66 to 66.
Boss Packaging Solutions IPO lot size is 2000, and the minimum amount required for application is ₹264000.
The minimum investment for Boss Packaging Solutions IPO is approximately ₹264000 based on the upper price band.
To apply for the Boss Packaging Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Sep 3, 2024. After submission, funds are blocked until the basis of allotment of Boss Packaging Solutions IPO is finalised.
Boss Packaging Solutions IPO issue size is ₹8.41 crores.
Boss Packaging Solutions IPO allotment date is Sat, Jun 27, 2026.
The registrar for Boss Packaging Solutions IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Boss Packaging Solutions IPO through their official website or helpline.
The Boss Packaging Solutions IPO GMP (Grey Market Premium) is ₹12 as of Tue, Sep 3, 2024. Based on the upper price band of ₹66 per share, the estimated Boss Packaging Solutions IPO listing price is ₹78, indicating a potential listing gain of approximately 31% over the issue price.