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28 Aug, 2024

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 And Its GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Boss Packaging Solutions Limited IPO And Its GMP GMP

GMP Date	IPO Price	GMP	Last Updated
2024-09-05	66	12.0 (18%)	2024-09-05

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Boss Packaging Solutions Limited IPO And Its GMP Details

Detail	Description
IPO Date	August 30, 2024 to September 3, 2024
Listing Date	-
Price Band	₹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
Shareholding 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 Limited IPO And Its GMP Timeline

Detail	Description
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

Boss Packaging Solutions Limited IPO And Its GMP Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹132,000
Retail (Max)	1	2000	₹132,000
HNI (Min)	2	4,000	₹264,000

Boss Packaging Solutions Limited IPO And Its GMP Promoter Holding

Share Holding Pre Issue	Share Holding Post Issue
100%	71.35%

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.

Competitive Strength:

Boss Packaging Solutions Limited IPO And Its GMP Financial Information

Period Ended	Assets	Total Income	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
-	-	-	-	-	-	-
Amount in ₹ Crore

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

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.