Boss Packaging Solutions Limited IPO

NiftyTrader • August 27, 2024

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Boss Packaging Solutions Limited IPO

Boss Packaging Solutions Limited IPO opens on August 30, 2024, and closes on September 3, 2024. The allotment for the Boss Packaging Solutions Limited IPO is anticipated to be completed on Wednesday, September 4, 2024. The IPO will be tentatively listed on the SME and NSE on Friday, September 6, 2024.

The Boss Packaging Solutions Limited IPO’s price band is Rs 66 per share. The IPO is a book-built issue of Rs 8.41 crores. crores, an entirely new issue of 12.74 lakh shares.

Boss Packaging Solutions IPO Details

IPO Date	August 30, 2024 to September 3, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding post-issue	4,446,260
Market Maker portion	66,000 shares

Boss Packaging Solutions IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹132,000
Retail (Max)	1	2000	₹132,000
S-HNI (Min)	2	4000	₹264,000

Objects of the Issue (Boss Packaging Solutions IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

General Corporate Purpose
Working Capital Requirement
Purchase of machineries;

About Boss Packaging Solutions Limited

Established in January 2012, Boss Packaging Solutions Limited is a prominent manufacturer and exporter of diverse packaging machinery, including capping, filling, self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators. Catering to a broad spectrum of industries—such as edible oil, lubricants, chemicals, cosmetics, pharmaceuticals, and food—the company delivers comprehensive labeling, packing, filling, and sealing solutions. With a clientele of 70, 60, and 50 customers over the past three fiscal years respectively, Boss Packaging has expanded its reach across 18 Indian states, 3 Union territories, and 4 international markets. As of August 2024, the company employs 64 staff members across various roles, supporting its robust operations and growth.

Boss Packaging Solutions Limited Financial Information (Restated)

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
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 and Surplus	135.70	201.04	100.53
Total Borrowing	65.62	3.70	19.73
			Amount in ₹ Lakhs

Boss Packaging Solutions IPO Reservation

Investor Category	Shares Offered
Other Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue

Boss Packaging Solutions IPO Timeline (Tentative Schedule)

Boss Packaging Solutions IPO opens on August 30, 2024, and closes on September 3, 2024.

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
A 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

Key Performance Indicator

The market capitalization of Boss Packaging Solutions IPO is Rs 29.35 Cr.

KPI as of March 31, 2024.

Boss Packaging Solutions IPO Promoter Holding

The promoters of the company, are Manishbhai Natvarbhai Brahmbhatt, Kamlesh Hasmukhbhai Patel, Ketan Suryakant Thakkar, Jagrutiben Manishbhai Brahmbhatt, Bhavikaben Ketan Thakkar, and Premkumar Manishbhai Brahmbhatt.