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Boss Packaging Solutions IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

Boss Packaging Solutions IPO

#1. Quick Intro to Boss Packaging Solutions IPO

The initial public offering (IPO) of Boss Packaging Solutions will open for subscription on August 30 and close on September 03, comprising issues of Rs.8.41 crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on September 06, 2024.  

Boss Packaging Solutions Limited (2012) manufacturer, supplier and exporter of diversified packaging machines, self-adhesive sticker labelling machines, conveyors, turn tables, web sealers, electric tunnels, etc. The company products find application in various end-use industries including 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.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Boss Packaging Solutions    

The company intends to use the IPO Funds for the following purposes: 

  1. Funding for the capital expenditure for the purchase of machinery. 
  2. Funding the working capital requirement of the company.
  3. General corporate purposes and issue expenses. 

#3. Boss Packaging Solutions Core Strengths 

  1. Strong marketing and distribution network
  2. Diversification of customer base and long-standing relationship with the customers
  3. Diversified product portfolio
  4. Experienced promoter director with extensive knowledge. 

#4. Boss Packaging Solutions IPO Review & Rating

Issue Size  Rs.8.41 crore
Issue Price  Rs.66 per share 
Minimum Lot Size 2000 Shares
Total Profit (Latest)  Rs.101.04 Lakhs
ROE (%) 22.31
RONW (%) 28.99
Listing on NSE (SME)
IPO Deliver Rating One

 

#5. Boss Packaging Solutions IPO Dates, Price Band & Details

Boss Packaging Solutions IPO will open on August 30, 2024, and close on September 03, 2024. The IPO is to be listed on September 06, 2024.  

Type of issue Fixed Issue IPO
Issue Size Rs.8.41crore
Price Brand Rs.66 per share
Face Value Rs. 10/- per share
IPO Open Date August 30, 2024
IPO Close Date September 03, 2024
IPO Allotment Date September 04, 2024
Refund Date September 05, 2024
Share Credit Date September 05, 2024
Listing Date September 06, 2024

 

#6. Boss Packaging Solutions IPO Offer Details

Boss Packaging Solutions IPO’s total issue size is 12,74,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 12,74,000       Rs.8.41
Offer for Sale (OFS)

 

Click here for the previous SME IPO

#7. Boss Packaging Solutions Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 1217.54 1034.71 548.21
Net Worth 452.93 202.04 101.53
Profit 101.04 100.51 41.77
Total Borrowings 65.62 3.70 19.73

 

#8. Boss Packaging Solutions Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 3.38 6.44 2.68
RoNW (%) 22.31 49.75 41.14
NAV (Rs.) 14.28

 

#9. Boss Packaging Solutions Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(In Lakhs)

RoNW (%) NAV
Windsor Machines 35397.05 (2.89) 41.07
Manughaph India 6576 (24.92) 119.11

 

#10. Boss Packaging Solutions Company Promoters 

The company has seven promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). (TOP-2)

Sr. No. Name of Promoters
01. K S Thakkar
02. M N Brahmbhatt

 

#11. Boss Packaging Solutions Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  100.00
Post-issue 71.35

 

#12. Boss Packaging Solutions IPO Reservation Details

Boss Packaging Solutions IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/others Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 50% of the Net Offer
NII Shares Offered

 

#13. Boss Packaging Solutions IPO – Lot Size

An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 2000 1,32,000
Retail (Max.) 1 2000 1,32,000
HNI (Min.) 2 4000 2,64,000

 

#14. Boss Packaging Solutions IPO – Prospectus Copy

An investor can download/view the Boss Packaging Solutions prospectus copy, which the company filed to exchange, details are as follows. 

Boss Packaging Solutions IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Boss Packaging Solutions IPO Registrar 

Kfin Technologies Limited 

Website: www.kfintech.com

#16. Boss Packaging Solutions IPO Lead Managers

Fedex Securities Private Limited 

Website: www.fedsec.in

#17. Boss Packaging Solutions IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Boss Packaging Solutions IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Boss Packaging Solutions Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Boss Packaging Solutions Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Boss Packaging Solutions Company Details

Boss Packaging Solutions Limited 

Registered Office: 11-C, Survey No. 56/1/2/3, Ramdev Estate, Near Siddipura Estate, Opposite Ramol Mehmdabad Highway, Vin Zol Road, Ahmedabad, Gujarat 382445 India. 

Email: cs@bosspackaging.in

Website: www.bosspackaging.in

#19. Boss Packaging Solutions Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20. Boss Packaging Solutions Company Board (Top 2)

Sr. No. Name of Directors
01. K S Thakkar
02. M N Brahmbhatt

 

Boss Packaging Solutions IPO – Frequently Asked Questions (FAQs)

#1. What is a Boss Packaging Solutions IPO?

Boss Packaging Solutions brings its IPO of Rs.8.41 crore, on August 30, 2024, with a price band of Rs.66 per share.

 

#2. What is the Boss Packaging Solutions IPO Open date?

Boss Packaging Solutions IPO’s opening date is August 30, 2024.

 

#3. What is the Boss Packaging Solutions IPO Close Date?

Boss Packaging Solutions IPO’s closing date is September 03, 2024.

 

#4. What is the Boss Packaging Solutions IPO Listing date?

Boss Packaging Solutions IPO listing date is September 06, 2024.

 

#5. What is the Boss Packaging Solutions IPO Minimum investment amount?

Boss Packaging Solutions IPO’s minimum investment amount is Rs.1,32,000

 

#6. What is the Boss Packaging Solutions IPO offer issue Size?

Boss Packaging Solutions offers an issue size of Rs.8.41 crore.

 

#7. What is the Boss Packaging Solutions IPO Price Band?

Boss Packaging Solutions’s IPO price band is Rs.66 per share.

 

#8. Is Boss Packaging Solutions IPO mainboard IPO or SME IPO?

Boss Packaging Solutions IPO is an SME IPO.

 

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