The Boss Packaging IPO is scheduled to open on August 30, 2024, and will close on September 03, 2024. This offering is structured as a Fixed Price Issue, aiming to raise approximately ₹8.41 crores. Specifically, the IPO includes a fresh issue of ₹8.41 crores, in addition to an offer for the sale of up to 1,274,000 equity shares, each with a face value of ₹10.
Boss Packaging IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Boss Packaging Solutions |
| Industry | Packaging |
| IPO Issue Type | Fixed Price Issue |
| Open Date | August 30, 2024 |
| Close Date | September 03, 2024 |
| Total Issue Size | ₹8.41 Crores(1,274,000Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹8.41 Crores(1,274,000Equity Shares) |
| Price Band | ₹66 Per Share |
| Listing on | NSE SME |
| Lot Size | 2000 shares |
| Offer for Sale | 1,274,000 |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
Incorporated in January 2012, Boss Packaging Solutions Limited specializes in the manufacturing, supply, and export of a diverse range of packaging, capping, and filling machines. The company’s extensive product lineup also includes self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators.
Boss Packaging Solutions serves a wide array of industries with its comprehensive product portfolio, which features labeling, packing, filling, and sealing machines, as well as accessories and complete packaging lines. These products are crucial for sectors such as 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.
Over the past three fiscal years, the company has consistently expanded its customer base, serving 70 clients in Fiscal 2024, 60 in Fiscal 2023, and 50 in Fiscal 2022. As of August 2024, Boss Packaging Solutions has successfully sold its machines across 18 Indian states, 3 Union Territories, and 4 international markets.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | August 30, 2024 |
| IPO Close Date | September 03, 2024 |
| Basis of Allotment | September 04, 2024 |
| Refunds | September 05, 2024 |
| Credit to Demat Account | September 05, 2024 |
| IPO Listing Date | September 06, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹7.66 | ₹5.36 | ₹2.79 |
| Revenue | ₹12.17 | ₹10.34 | ₹5.48 |
| Profit After Tax | ₹1.01 | ₹1.00 | ₹0.41 |
| Net Worth | ₹4.52 | ₹2.02 | ₹1.01 |
| Reserves and Surplus | ₹1.35 | ₹2.01 | ₹1.00 |
| Total Borrowing | ₹0.65 | ₹0.03 | ₹0.19 |
Objective of the Issue
- Purchase of machineries
- Funding the Working Capital Requirements
- General Corporate Purpose
Company Promoters
- Mr. Manishbhai Natvarbhai Brahmbhatt
- Mr. Kamlesh Hasmukhbhai Patel
- Mr. Ketan Suryakant Thakkar
- Mrs. Jagrutiben Manishbhai Brahmbhatt
- Mrs. Bhavikaben Ketan Thakkar
- Mrs. Premkumar Manishbhai Brahmbhatt
Boss Packaging IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Boss Packaging IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Boss Packaging. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
IPO Application Form PDF
To download the IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Boss Packaging IPO Subscription Status
This IPO subscription kicks off on August 30, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Boss Packaging IPO Allotment Status
To check the Boss Packaging IPO allotment status go to the IPO registrar website Kfin Techologies or go to IPO Allotment.
To check the allotment status, follow these steps:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Established Market Presence: Boss Packaging Solutions has a solid footing in the packaging industry and a well-recognised brand.
- Growth Potential: The fresh capital from the IPO will enable the company to invest in new machinery and enhance production capacity.
Risks:
- Limited Scale: As an SME, the company may face challenges in scaling operations compared to larger competitors.
- Dependency on Key Clients: A significant portion of revenue may come from a few major clients, making the company vulnerable to client losses.
Boss Packaging IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
Email: pel.ipo@kfintech.com
Website: https://ris.kfintech.com/
IPO Lead Manager
- Fedex Securities Pvt Ltd
Boss Packaging Limited Contact
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/
FAQs
Boss Packaging’s offer size is ₹8.41 crores.
Boss Packaging’s public offer price is ₹66 per share.
Boss Packaging offers a lot size is 2,000 shares.
For Boss Packaging’s IPO GMP please refer to this IPO GMP Page.
Boss Packaging’s Solutions IPO allotment date is September 4, 2024.
Boss Packaging’s Solutions IPO listing date is September 6, 2024. The IPO is to be listed on NSE.
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