Boss Packaging Solutions Limited
Corporate Identification Number: U29100GJ2012PLC068544
Boss Packaging Solutions Limited is a book-built issue of Rs. 8.41 crores in the exchange of total shares of Rs 12.74 lakh.
Boss Packaging Solutions Limited is open for subscription for the public on August 30, 2024, and will be closed on September 3, 2024. This Boss Packaging Solutions Limited IPO will be allotted to the public on Wednesday, September 4, 2024. Boss Packaging Solutions IPO will list on NSE SME with Subject (to) listing date finalized as Friday, September 6, 2024.
Boss Packaging Solutions Limited’s price is set at ₹66 per share. The minimum lot size for retail investors is 2000 Shares and the minimum amount is ₹1,32,000. The minimum lot size in HNI is 2 lots(4000 Shares) and the amount is about ₹264,000.
Refer to Boss Packaging Solutions IPO RHP for detailed information.
Boss Packaging Solutions IPO Full 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 Time Table (Subject (to) 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 |
| The 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 IPO 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 IPO Reservation
Boss Packaging Solutions IPO offers 12,74,000 shares. 6,04,000 (47.41%) to NII, 6,04,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 66,000 (5.18%) |
| Other Shares Offered | 6,04,000 (47.41%) |
| Retail Shares Offered | 6,04,000 (47.41%) |
| Total Shares Offered | 12,74,000 (100%) |
Boss Packaging Solutions IPO Promoter Holding
The promoters of Boss Packaging Solutions Limited, are Manishbhai Natvarbhai Brahmbhatt, Kamlesh Hasmukhbhai Patel, Ketan Suryakant Thakkar, Jagrutiben Manishbhai Brahmbhatt, Bhavikaben Ketan Thakkar, and Premkumar Manishbhai Brahmbhatt.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.35% |
About Boss Packaging Solutions Limited
Boss Packaging Solutions Limited company was established in January 2012. The company Boss Packaging Solutions Limited manufactures, supplies, and exports a variety of packaging, capping, and filling machines. They also offer self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators.
Boss Packaging Solutions Limited has a list of various products like labeling, packing, filling, and sealing machines, as well as accessories and full packaging lines, which are used in various industries.
This company is supplying to other 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 supplies 70 customers, 60 customers, and 50 customers in the respective year FY 2024, FY 2023 and FY 2022.
In August 2024, The company sold its machines in over 18 Indian states, 3 Union territories, and 4 countries.
As of March 31, 2024, the company employs a total of 64 staff members, consisting of skilled and unskilled labor, administrative personnel, and the management team.
Boss Packaging Solutions Limited Financial Information
Boss Packaging Solutions Limited’s revenue increased by 17.67% and profit after tax (PAT) rose by 0.53% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | |||
Key Performance Indicator
The market capitalization of Boss Packaging Solutions IPO is Rs 29.35 Cr.
KPI as of March 31, 2024.
| 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 |
Note:
- The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.
- The post-issue EPS is calculated based on the post-issue shareholding and annualized FY earnings of March 31, 2024, that are available in RHP.
Objects of the Issue (Boss Packaging Solutions IPO Objectives)
The company will use this IPO money in the following part:
- Purchase of machineries
- Funding the Working Capital Requirements
- General Corporate Purpose
Boss Packaging Solutions IPO Prospectus
Boss Packaging Solutions Limited Contact Details
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 Registrar
Phone: 04067162222, 04079611000
Email: bpsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Boss Packaging Solutions IPO – Buy or Not
Boss Packaging Solutions IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 0 | 0 | 0 |
