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Boss Packaging Solutions IPO is a fixed price issue of Rs 8.41 crores. The issue is entirely a fresh issue of 12.74 lakh shares.
Boss Packaging Solutions IPO bidding opened for subscription on August 30, 2024 and will close on September 3, 2024. The allotment for the Boss Packaging Solutions IPO is expected to be finalized on Wednesday, September 4, 2024. Boss Packaging Solutions IPO will list on NSE SME with tentative listing date fixed as Friday, September 6, 2024.
Boss Packaging Solutions IPO price is ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹264,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Boss Packaging Solutions IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Boss Packaging Solutions IPO is B.N. Rathi Securities.
Refer to Boss Packaging Solutions IPO RHP for detailed information.
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,274,000 shares (aggregating up to ₹8.41 Cr) |
| Fresh Issue | 1,274,000 shares (aggregating up to ₹8.41 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,172,260 |
| Share holding post issue | 4,446,260 |
| Market Maker portion | 66,000 shares B.N. Rathi Securities |
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 IPO opens on August 30, 2024, and closes on September 3, 2024.
| IPO Open Date | Friday, August 30, 2024 |
| IPO Close Date | Tuesday, September 3, 2024 |
| Basis of Allotment | Wednesday, September 4, 2024 |
| Initiation of Refunds | Thursday, September 5, 2024 |
| Credit of Shares to Demat | Thursday, September 5, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4,000 | ₹264,000 |
| Lot Size Calculator | |||
The promoters of the company, are Manishbhai Natvarbhai Brahmbhatt, Kamlesh Hasmukhbhai Patel, Ketan Suryakant Thakkar, Jagrutiben Manishbhai Brahmbhatt, Bhavikaben Ketan Thakkar and Premkumar Manishbhai Brahmbhatt.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.35% |
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 |
| Revenue | 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 Rs 29.35 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 22.31% |
| ROCE | 28.99% |
| Debt/Equity | 0.14 |
| RoNW | 22.31% |
| P/BV | 4.62 |
| PAT Margin (%) | 8.3 |
| 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...
The Boss Packaging Solutions IPO is subscribed 2.46 times on August 30, 2024 7:29:58 PM. The public issue subscribed 3.58 times in the retail category, times in the QIB category, and 1.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.33 |
| Retail | 3.58 |
| Total | 2.46 |
Total Application : 1,082 (3.58 times)
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bpsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Boss Packaging Solutions IPO is a SME IPO of 1,274,000 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 Shares.
The IPO opens on August 30, 2024, and closes on September 3, 2024.
Kfin Technologies Limited 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 Shares, and the minimum amount required is ₹132,000.
You can apply in Boss Packaging Solutions IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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