Boss Packaging Solutions Limited IPO
NSE SMEListed On: Sep 6, 2024 at ₹ 82.5
₹ 264000 /4000 Shares
*Min Investment
30 Aug, 2024
Open Date03 Sep, 2024
Close Date04 Sep, 2024
Allotment Date06 Sep, 2024
Listing DateBoss Packaging Solutions IPO Issue Details
- Issue Price ₹66 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 12,74,000 shares(aggregating up to ₹8.41 crore)
- Fresh Share 12,74,000 shares(aggregating up to ₹8.41 crore)
- Listing at NSE SME
- List Price 82.5
- Listing Date 2024-09-06
- Lead Manager Fedex Securities Pvt Ltd
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following 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 | ₹1,32,000 |
| Retail(max) | 1 | 2000 | ₹1,32,000 |
| NII (min) | 2 | 4,000 | ₹2,64,000 |
Boss Packaging Solutions IPO Reservation
Boss Packaging Solutions IPO offers total 12,74,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,6,04,000 (47.41%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 66,000 (5.18%) | |
| Retail Shares Offered | 6,04,000 (47.41%) | |
| Total Shares Offered | 12,74,000 (100%) |
Boss Packaging Solutions IPO Documents
Boss Packaging Solutions IPO Details
Boss Packaging Solutions Limited IPO is an SME IPO, priced at ₹66 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 12,74,000 equity shares, aggregating up to ₹8.41 crores..
The IPO bidding window is open from Aug 30, 2024 to Sep 3, 2024. The allotment is expected to be finalized on Sep 4, 2024, and the tentative listing date is Sep 6, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,32,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,64,000.
Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and B.N. Rathi Securities Limited will act as the market maker for this issue.
Boss Packaging Solutions IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 604,000 | 604,000 | 1,208,000 |
Day 1 30-08-24 06:00 PM | 1.33 x | 3.58 x | 2.46 x |
Day 2 02-09-24 06:00 PM | 6.03 x | 40.79 x | 23.41 x |
Day 3 03-09-24 06:00 PM | 103.75 x | 163.02 x | 133.38 x |
Boss Packaging Solutions Valuations
Boss Packaging Solutions Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 135.70 | 201.04 | 100.53 |
| Total Borrowing | 65.62 | 3.70 | 19.73 |
About Boss Packaging Solutions Company
Boss Packaging Solutions Limited was incorporated in January 2012. Manufacturing, supplying and exporting packaging, capping and filling machines make up their array of products as well as a self-adhesive sticker labelling machine, conveyor, turn table, web sealer, sleeve applicator amongst others.
These products of theirs include a multitude of labeling and packing, filling and sealing units and accessories, in addition to full packaging lines employed in diverse applications.
The company provides its product to the sectors of 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.
During the Fiscal 2024, Fiscal 2023 and Fiscal 2022, the company has catered to 70 customers, 60 customers and 50 customers, respectively.
As of August 2024, The company sold its machines to more than 18 Indian states, 3 Union territories, and 4 countries.
The company, as on March 31, 2024, employed a total number of 64 staff members who are divided into skilled and unskilled labor, administrative staff, and the management team.
Boss Packaging Solutions - Promoter(s)
Manishbhai Natvarbhai Brahmbhatt, Kamlesh Hasmukhbhai Patel, Ketan Suryakant Thakkar, Jagrutiben Manishbhai Brahmbhatt, Bhavikaben Ketan Thakkar and Premkumar Manishbhai Brahmbhatt.
Pre Issue Share Holding : 100%
Post Issue Share Holding : 71.35%
Boss Packaging Solutions IPO - Issue Objectives
Purchase of machineries
Funding the Working Capital Requirements
General Corporate Purpose
Boss Packaging Solutions IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Boss Packaging Solutions Limited | 3.38 | 3.38 | 14.28 | 19.53 | 22.31 | 4.71 | Standalone |
| Windsor Machines Ltd. | -1.19 | -1.19 | 41.07 | -166.39 | -2.89 | 4.83 | Standalone |
| Manugraph India Ltd. | -6.53 | -6.53 | 26.21 | -4.18 | -24.92 | 1.04 | Standalone |
| Macpower Cnc Machines Limited | 24.24 | 24.24 | 119.11 | 57.71 | 20.36 | 11.76 | Standalone |
Notes:
- The figures for Boss Packaging Solutions Limited are based on the Restated Financial Statements for the period ended March 31, 2024.
- The figures for the peer group are for the year ended March 31, 2024, and are based on their standalone financial statements, unless specified, filed with the Stock Exchange.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
- Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
- P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on August 23, 2024, sourced from the website of Stock Exchange and divided by the Basic/Diluted EPS as applicable.
- RoNW is computed as net profit after tax, as attributable to the owners of the Company divided by closing net worth.
Contact Details
Boss Packaging Solutions
11-C, Survey No. 56/1/2/3, Ramdev Estate, Near Siddipura Estate, Opposite Ramol Mehmdabad, Highway, Vin Zol Road, Ahmedabad-382445
079-48972009
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Boss Packaging Solutions IPO - FAQs
Ans. Boss Packaging Solutions Limited IPO is a SME IPO. The issue is priced at ₹66 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Aug 30, 2024, and closes on Sep 3, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Boss Packaging Solutions Limited IPO opens on Aug 30, 2024 and closes on Sep 3, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Boss Packaging Solutions Limited IPO is 1,274,000 shares(aggregating up to ₹8.41 Cr).
Ans. The Boss Packaging Solutions Limited IPO price band is set between ₹66 per equity share.
Ans. To apply for Boss Packaging Solutions Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Boss Packaging Solutions Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Boss Packaging Solutions Limited IPO is Sep 4, 2024.
Ans. The Boss Packaging Solutions Limited IPO will be listed on Sep 6, 2024.
Ans. Follow the steps to check the Boss Packaging Solutions Limited IPO allotment status online.
