Boss Packaging Solutions IPO
IPO Listing Details
- Listing Date
06 Sep 2024
- Listing Price
₹ 82.50
- Listing Change
25.00%
- Last Traded Price
₹ 52.70
IPO Details
- Open Date
30 Aug 2024
- Close Date
03 Sep 2024
- IPO Price Range
₹ 66
- IPO Size
₹ 8.41 Cr
- Listing Exchange
NSE SME
- Listing Date
06 Sep 2024
IPO Timeline
Boss Packaging Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Aug-24 | - | 1.31 | 3.39 | 2.35 |
| 2-Sep-24 | - | 5.99 | 40.10 | 23.05 |
| 3-Sep-24 | - | 103.64 | 163.02 | 134.99 |
Last Updated: 03 September 2024 6:16 PM by 5Paisa
Last Updated: 3rd September 2024, 5:50 PM by 5paisa
Boss Packaging Solutions IPO is set to open on 30 August 2024 and will close on 03 September 2024. The company specialises in the manufacturing, supply, and export of a wide range of packaging, capping, and filling machines.
The IPO includes a fresh issue of 12,74,000 shares aggregating up to ₹8.41 Cr. The price is ₹66 per share and the lot size is 2000 shares.
The allotment is scheduled to be finalised on 04 September 2024. It will go public on NSE SME, with a tentative listing date of 06 September 2024.
Fedex Securities Pvt Ltd is the book-running lead manager, while Kfin Technologies Ltd is the registrar.
Boss Packaging IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 8.41 |
| Offer for Sale | - |
| Fresh Issue | 8.41 |
Boss Packaging IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | 1,32,000 |
| Retail (Max) | 1 | 2000 | 1,32,000 |
| HNI (Min) | 2 | 4000 | 2,64,000 |
Boss Packaging IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 103.64 | 6,04,000 | 6,25,98,000 | 413.15 |
| Retail | 163.02 | 6,04,000 | 9,84,62,000 | 649.85 |
| Total | 134.99 | 12,08,000 | 16,30,72,000 | 1,076.28 |
1. Purchase of machineries.
2. Funding the Working Capital Requirements.
3.General Corporate Purpose.
Established in January 2012, Boss Packaging Solutions Limited specialises in the manufacturing, supply, and export of a wide range of packaging, capping, and filling machines. The company also provides self-adhesive sticker labelling machines, conveyors, turntables, web sealers, and sleeve applicators.
Their product portfolio includes diverse labelling, packing, filling, and sealing machines, along with accessories and complete packaging lines, catering to various industries.
Boss Packaging Solutions serves industries including edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquids, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetics and toiletries, and distilleries and breweries.
In Fiscal 2024, Fiscal 2023, and Fiscal 2022, the company served 70, 60, and 50 customers respectively.
As of August 2024, the company’s machines have been sold across 18 Indian states, 3 Union Territories, and 4 countries.
As of March 31, 2024, Boss Packaging Solutions employs 64 staff members, comprising skilled and unskilled labour, administrative personnel, and a management team.
Peers
● Windsor Machines Ltd
● Manugraph India Ltd
● Macpower CNC Machines Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 12.18 | 10.35 | 5.48 |
| EBITDA | 1.56 | 1.44 | 0.69 |
| PAT | 1.01 | 1.01 | 0.42 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 7.66 | 5.36 | 2.79 |
| Share Capital | 3.17 | 0.01 | 0.01 |
| Total Borrowings | 0.66 | 0.04 | 0.20 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -2.19 | 0.38 | 0.49 |
| Net Cash Generated From / (used in) investing activities | -0.05 | -0.04 | -0.06 |
| Net Cash Generated From / (used in) financing activities | 2.00 | -0.20 | -0.41 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.24 | 0.14 | 0.03 |
Strengths
1. Boss Packaging Solutions offers a wide variety of packaging, capping, filling, and labelling machines, catering to multiple industries.
2. The company serves a broad range of sectors reducing dependency on any single industry.
3. With consistent growth in customer numbers across fiscal years, the company has built long-term relationships with clients.
4. The company’s sales network spans 18 Indian states, 3 Union Territories, and 4 international markets, indicating strong geographic reach.
5. With products being exported to multiple countries, the company is tapping into global demand.
Risks
1. Serving only 70 customers in the most recent fiscal year suggests potential revenue concentration risk.
2. The packaging solutions industry is competitive, with numerous established players, which could pressure pricing and margins.
3. Demand for packaging equipment is closely linked to economic cycles and industrial activity.
4. The company’s reliance on both domestic and international supply chains may expose it to risks.
5. Operating across multiple states and countries exposes the company to varying regulatory requirements.
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FAQs
Boss Packaging Solutions IPO opens from 30th August to 03rd September 2024.
The size of the Boss Packaging Solutions IPO is ₹8.41 Cr.
The price of Boss Packaging IPO is fixed at ₹66 per share.
To apply for Boss Packaging Solutions IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Boss Packaging Solutions IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Boss Packaging Solutions IPO is 2,000 shares and the investment required is ₹1,32,000.
The share allotment date of Boss Packaging Solutions IPO is 04 September 2024
The Boss Packaging Solutions IPO will be listed on 06th September 2024.
Fedex Securities Pvt Ltd is the book-running lead manager for Boss Packaging Solutions IPO.
Boss Packaging Solutions plans to utilise the raised capital from the IPO for:
1. Purchase of machineries.
2. Funding the Working Capital Requirements.
3. General Corporate Purpose.
Contact Information
Boss Packaging Solutions
Boss Packaging Solutions Limited
11-C, Survey No. 56/1/2/3, Ramdev Estate,
Near Siddipura Estate, Opposite Ramol Mehmdabad
Highway, Vin Zol Road, Ahmedabad-382445
Phone: 079-48972009
Email: cs@bosspackaging.in
Website: https://bosspackaging.in/
Boss Packaging Solutions IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bpsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Boss Packaging Solutions IPO Lead Manager
Fedex Securities Pvt Ltd
