Boss Packaging Solutions Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | - |
| Price Band | ₹ 66 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 12,74,000 shares (aggregating up to ₹ 8.41 Cr) |
| Fresh Issue | 12,74,000 shares (aggregating up to ₹ 8.41 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 31,72,260 |
| Share holding post issue | 44,46,260 |
| Market Maker portion | 66,000 shares B.N. Rathi Securities |
About Boss Packaging Solutions Limited IPO And Its GMP
The Company was incorporated on January 10, 2012 as 'Boss Packaging Solutions Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated January 10, 2012, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the name of their company was changed from "Boss Packaging Private Limited" to "Boss Packaging Limited", pursuant to conversion from private to public company and a fresh certificate of incorporation dated August 10, 2023 issued by the Registrar of Companies, Ahmedabad, Gujarat.
The business was started in 2012 as manufacturer of filling and sticker labeling machines, they have come a long way today to become a manufacturer, supplier and exporter of diversified packaging, capping, filling machines, self-adhesive sticker labeling machine, conveyors, turn tables, web sealers, sleeve applicator etc. They have sales and distribution network in Pan India.
- •Book Running Lead Manager: Fedex Securities Pvt Ltd
- •Registrar: Kfin Technologies Limited
- •Market Maker: B.N. Rathi Securities
Boss Packaging Solutions Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Company & Financials
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.
Objectives of Boss Packaging Solutions IPO
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- ● Purchase of machineries;
- ● Funding the Working Capital Requirements; and
- ● General Corporate Purpose
Boss Packaging Solutions IPO Review
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.
Boss Packaging Solutions Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | |||||
| Amount in ₹ Crore | |||||||||
Boss Packaging Solutions Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-05 | ₹66 | ₹12.0 (18%) | 2024-09-05 |
Boss Packaging Solutions Limited IPO And Its GMP Key Performance Indicator
| 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 |
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Competitive Strengths
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Boss Packaging Solutions Limited IPO And Its GMP IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4,000 | ₹264,000 |