Boss Packaging Solutions IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 30 Aug 2024
Close Date
Tue, 03 Sep 2024
Issue Price
₹ 66
Lot Size
2000
Issue Size
₹ 8.41 Cr
Minimum Investment
₹ 264,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Boss Packaging Solutions IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹8.41 Crore, comprising a fresh issue of 12.74 Lakh equity shares aggregating to ₹8.41 Crore.
The Boss Packaging Solutions IPO remained open for subscription from August 30, 2024, to September 03, 2024. The basis of allotment was finalized on September 04, 2024, and the company's shares were listed on NSE SME Platform on September 06, 2024.
The company had fixed the price at ₹66 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹264,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Fedex Securities Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Boss Packaging Solutions Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Boss Packaging Solutions IPO Timeline (Tentative)
- IPO Open Date
- Fri, 30 Aug 24
- IPO Close Date
- Tue, 03 Sep 24
- Basis of Allotment
- Wed, 04 Sep 24
- Initiation of Refunds
- Thu, 05 Sep 24
- Credit of Shares to Demat
- Thu, 05 Sep 24
- Listing Date
- Fri, 06 Sep 24 — NSE & BSE
Open Date
30 August 2024
Close Date
03 September 2024
Basis Of Allotment
04 September 2024
Listing Date
06 September 2024
IPO Subscription
Check Live Subscription →The Boss Packaging Solutions IPO has received bids for 16,26,04,000 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,04,000 shares, representing 47.41% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 0 shares (%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 66,000 | 5.18% |
| Others | 604,000 | 47.41% |
| Retail Investors | 604,000 | 47.41% |
| Total | 1,274,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Boss Packaging Solutions Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Boss Packaging Solutions Limited
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.
Boss Packaging Solutions IPO 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%
Boss Packaging Solutions IPO Objective
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
Boss Packaging Solutions Limited Address / 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-382445
Phone: 079-48972009
Email: cs@bosspackaging.in
Website: https://bosspackaging.in
IPO Snapshot
Boss Packaging Solutions IPO Lot Size
The Boss Packaging Solutions IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,32,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,32,000.
| 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 |
Issue Reservation
- Market Maker — 5.18%
- Others — 47.41%
- RII — 47.41%
Book Running Lead Managers
- Fedex Securities Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Boss Packaging Solutions IPO?
Boss Packaging Solutions IPO is a Fixed price IPO with a total issue size of ₹8.41 crore. The Boss Packaging Solutions IPO price band is ₹66 to 66 per share. The Boss Packaging Solutions IPO subscription opens on Fri, Aug 30, 2024, and closes on Tue, Sep 3, 2024. The Boss Packaging Solutions IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Boss Packaging Solutions IPO.
When will the Boss Packaging Solutions IPO open for subscription?
The Boss Packaging Solutions IPO opens on Fri, Aug 30, 2024 and closes on Tue, Sep 3, 2024
What is Boss Packaging Solutions IPO Price Band?
Boss Packaging Solutions IPO Price Band is ₹66 to 66 per share.
What is Boss Packaging Solutions IPO Lot Size?
Boss Packaging Solutions IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹264000 based on the upper price band
What is the minimum investment for Boss Packaging Solutions IPO?
The minimum investment for Boss Packaging Solutions IPO is ₹264000, based on one lot of 2000 shares at the upper price band of ₹66 per share.
How to apply for Boss Packaging Solutions IPO?
Investors can apply for the Boss Packaging Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 3, 2024. The application amount remains blocked until the Boss Packaging Solutions IPO allotment is finalized.
What is Boss Packaging Solutions IPO Issue Size?
Boss Packaging Solutions IPO issue size is ₹8.41 crores.
What is the Boss Packaging Solutions IPO Allotment Date?
Boss Packaging Solutions IPO allotment date is Wed, Sep 4, 2024.
Who is the Boss Packaging Solutions IPO Registrar?
The registrar for Boss Packaging Solutions IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Boss Packaging Solutions IPO allotment status, refund processing, and other IPO-related information.
What is the Boss Packaging Solutions IPO GMP?
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 18.18% over the issue price.
Who is the Boss Packaging Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the Boss Packaging Solutions IPO are Fedex Securities Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Boss Packaging Solutions IPO Red Herring Prospectus (RHP).