Boss Packaging Solutions is scheduled to hit the market on August 30, 2024 and close on September 3, 2024. Boss Packaging Solutions plans to raise around ₹8.41 Cr through an IPO with a sale of up to 1,274,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Boss Packaging Solutions Limited, founded in January 2012, specializes in the manufacturing, supply, and export of a diverse range of packaging, capping, and filling machines. Their offerings also include self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators. The company provides a comprehensive product portfolio that caters to various industries, featuring labeling, packing, filling, and sealing machines along with accessories and complete packaging lines.
Over the years, Boss Packaging Solutions has built a solid customer base, serving 70 customers in Fiscal 2024, 60 in Fiscal 2023, and 50 in Fiscal 2022. Their machines have found applications in more than 18 Indian states, three Union territories, and four countries. As of March 31, 2024, the company employs a total of 64 staff members, encompassing skilled and unskilled labor, administrative personnel, and management.
Boss Packaging Solutions IPO Details
Boss Packaging Solutions IPO opens on August 30, 2024, and closes on September 3, 2024. The Listing date for Boss Packaging Solutions IPO is on September 06, 2024. The price band for IPO is ₹66 per share and lot size of 2000 Shares.
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | September 6, 2024 |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹8.41 Cr |
| Face Value | ₹10 per share |
Boss Packaging Solutions IPO Tentative Timetable
Boss Packaging Solutions opening date is August 30, 2024 and close date is September 3, 2024. The IPO allotment date is September 4, 2024. Therefund initiation of IPO is on September 5, 2024. The credit of shares in demat account is on September 5, 2024. The listing date is on September 6, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 30, 2024 |
| IPO Closing | September 3, 2024 |
| IPO Allotment Date | September 4, 2024 |
| Refund Initiation | September 5, 2024 |
| Shares Credit to Demat | September 5, 2024 |
| Lisiting Date | September 6, 2024 |
Boss Packaging Solutions IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹132,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹132,000 |
| Retail(Maximum) | 1 | 2000 | ₹132,000 |
| HNI (Minimum) | 2 | 4000 | ₹264,000 |
Boss Packaging Solutions IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 71.35% |
Boss Packaging Solutions IPO Review
Boss Packaging Solutions has made great progress since it started, adding a variety of products like capping machines, self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators. The company has built a strong sales and distribution network across India.
The leadership team at the company includes:
- Kamleshbhai Hasmukhbhai Patel, who has over 5 years of experience.
- Jagrutiben Manishbhai Brahmbhatt, with 10 years of experience in admin roles.
- Manishbhai Natvarbhai Brahmbhatt and Ketan Suryakantbhai Thakkar, who have nearly 15 and 12 years of experience, respectively.
Financially, Boss Packaging has shown strong growth:
- Revenue grew from ₹548.21 lakhs in FY22 to ₹1,217.54 lakhs in FY24.
- EBITDA increased from ₹69.19 lakhs in FY22 to ₹155.57 lakhs in FY24.
- PAT rose from ₹41.77 lakhs in FY22 to ₹101.04 lakhs in FY24.
For the IPO, the earnings per share (EPS) before the issue is ₹3.38 and after the issue is ₹2.27. The price-to-earnings (P/E) ratio before the issue is 19.53x, while after the issue it is 29.07x. This compares to the industry average P/E ratio of 43.38x. The return on capital employed (ROCE) for FY24 is 28.99%, and return on equity (ROE) is 22.31%, suggesting the IPO is fairly priced.
Investment Recommendation
Considering the Grey Market Premium (GMP) indicating possible listing gains of 50% – 55%, along with the company’s strong financial performance, Boss Packaging Solutions Limited's IPO looks like a good opportunity for investors. Those willing to take on more risk may want to apply for the IPO for both short-term profits and long-term investment benefits.
Boss Packaging Solutions IPO Subscription Status (Bidding Details)
Table not foundBoss Packaging Solutions IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Boss Packaging Solutions IPO FAQs
What is Boss Packaging Solutions IPO?
Boss Packaging Solutions is issuing 1,274,000 equity shares with a face value of ₹10 each, totaling up to ₹8.41 Cr. The shares are being offered at a price of ₹66 each, with a minimum order quantity of 2000 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Boss Packaging Solutions IPO will open?
Boss Packaging Solutions will open on August 30, 2024 for QIB, NII, and Retail Investors.
When Boss Packaging Solutions IPO will end?
Boss Packaging Solutions will end on September 03, 2024.
What is Boss Packaging Solutions IPO Size?
Boss Packaging Solutions IPO size is ₹8.41 Cr.
What is Boss Packaging Solutions IPO Price Band?
Boss Packaging Solutions price band is ₹66 per share.
What is the Boss Packaging Solutions IPO Allotment Date?
Boss Packaging Solutions allotment date is September 04, 2024.
What is the Boss Packaging Solutions IPO Listing Date?
Boss Packaging Solutions listing date is September 06, 2024. The IPO is to be listed on BSE and NSE.
How to Boss Packaging Solutions IPO through Zerodha?
To apply for the IPO “Boss Packaging Solutions” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Boss Packaging Solutions IPO through Upstox?
To apply for the IPO “Boss Packaging Solutions” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Boss Packaging Solutions IPO Allotment Status?
For Boss Packaging Solutions IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Boss Packaging Solutions IPO GMP?
You can check out here: Boss Packaging Solutions IPO GMP. Check all IPO GMP here.