Boss Packaging Solutions Ltd. logo

Boss Packaging Solutions Ltd. was incorporated on January 10, 2012. The company is a manufacturer of filling and sticker labeling machines and has expanded its product line to include various packaging machines, capping machines, self-adhesive sticker labeling machines, conveyors, turn tables, web sealers, and sleeve applicators.

Bidding Dates
30 Aug 2024 - 03 Sep 2024
Subscription
127.63x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹132,0001120001.3 M₹6671.35 %₹84.1 MRHP DOC

Boss Packaging Solutions Ltd. IPO SUBSCRIPTION STATUS

03 Sep '24
Total127.63x
Retail Individual Investor156.74x
HNI (NII) Investors98.52x
Qualified Institutional Buyers-

Boss Packaging Solutions Ltd. IPO overall subscription rate was 127.63 times the total available shares

Boss Packaging Solutions Ltd. IPO retail subscription rate was 156.74 times in the retail segment

Boss Packaging Solutions Ltd. IPO non-institutional investor subscription rate was 98.52 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
03 Sep 2024
(Day 3)
156.74x98.52x-
02 Sep 2024
(Day 2)
37.48x5.77x-
30 Aug 2024
(Day 1)
2.87x1.16x-

Boss Packaging Solutions Ltd. FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
FY24 10.1 121.7 -21.9 -21.9 12.8%
FY23 10.1 103.4 3.8 3.8 13.9%
FY22 4.2 54.7 4.9 4.9 12.6%

Boss Packaging Solutions Ltd. IPO SUBSCRIPTION STATUS DETAILS

Boss Packaging Solutions Ltd. had 1.3 M shares on offer

Boss Packaging Solutions Ltd. IPO offer price was ₹66

Boss Packaging Solutions Ltd. IPO minimum Investment was ₹132000

Boss Packaging Solutions Ltd. IPO issue size was ₹ 84.1 M

Boss Packaging Solutions Ltd. had a minimum lot size of 2000 Shares per application

Boss Packaging Solutions Ltd. NUMBER OF SHARES ON OFFER

Total1.3 M
Fresh Issue1.3 M
Offer for Sale0
Post Issue Promoter Holding %71.35 %

Boss Packaging Solutions Ltd. IPO IMPORTANT DATES

Issue Open Date30 Aug 2024
Issue close Date03 Sep 2024
Allotment Date04 Sep 2024
Refund Date05 Sep 2024
Demat Account Credit Date05 Sep 2024
Listing Date06 Sep 2024
Listing on Exchange(s)NSE
Boss Packaging Solutions Ltd. Allotment StatusExchange

Boss Packaging Solutions Ltd. IPO subscription opened on 30 Aug 2024, and closed on 03 Sep 2024

IPO allotment for Boss Packaging Solutions Ltd. was finalized on Wednesday, 04 Sep 2024

IPO listing for Boss Packaging Solutions Ltd. was on NSE on Friday, 06 Sep 2024

Boss Packaging Solutions Ltd. IPO LISTING GAINS

Issue Price (adjusted)66.0
Listing Open Price82.5
Listing Close Price86.6
Listing Gain%25.0%
Current Gain%-11.2%

Boss Packaging Solutions Ltd. Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Boss Packaging Solutions Ltd58.626.115.72.11.310.78.520.231.11.77.43.77.4
Cummins India Ltd.480013305656.25.310.527.920.912660.516.82361.818.185.410.6
GE Vernova T&D India Ltd.4130.3105754.9811.115.845.815.96297.244.61233.2102.75170.6
3M India Ltd.3189035924.462.23.86.829.516.65138.513.8522.39.7512.816.3
Kirloskar Oil Engines Ltd.240234953.9644.14.415.95.37771.221.5574.317.437.515.8
Jyoti CNC Automation Ltd.1059.324090.974.9-171116.89.32153.617.53366.314.1-4.4

Boss Packaging Solutions Ltd. INFORMATION ON IPO ISSUE

About Boss Packaging Solutions Ltd.

Boss Packaging Solutions Ltd. was incorporated on January 10, 2012. The company is a manufacturer of filling and sticker labeling machines and has expanded its product line to include various packaging machines, capping machines, self-adhesive sticker labeling machines, conveyors, turn tables, web sealers, and sleeve applicators.

Object of the Issue

  1. Purchase of machineries
  2. Funding the working capital requirements
  3. General corporate purposes

Boss Packaging Solutions Ltd. - PROMOTERS

Name
Ketan Suryakant Thakkar
Manishbhai Natvarbhai Brahmbhatt
Kamleshbhai Hasmukhbhai Patel
Jagrutiben Manishbhai Brahmbhatt
Bhavikaben Ketankumar Thakkar
Premkumar Manishbhai Brahmbhatt

Boss Packaging Solutions Ltd. Lead Manager of the Issue

Fedex Securities Private Limited

mb@fedsec.in

Boss Packaging Solutions Ltd. Registrar to the issue

KFin Technologies Limited

bpsl.ipo@kfintech.com

Boss Packaging Solutions Ltd. Strengths

Relationship with customers

The company's consistent focus on delivering quality products and services has fostered long-term customer relationships, resulting in high customer retention and a significant portion of revenue from repeat business.

Strength

Diversified product portfolio

The company's diverse product range enables existing customers to fulfill most of their packaging machine needs from a single vendor, helping to expand business with current clients while also attracting new customers.

Strength

Boss Packaging Solutions Ltd. Risks

Geographically concentrated

The company's manufacturing units are concentrated in Ahmedabad, Gujarat, making it vulnerable to adverse social, economic, or natural disruptions in the region. Any significant changes in government policies or regional disruptions could necessitate major capital expenditures or strategic changes, potentially affecting the company's business, operations, and financial condition.

Risk

Dependent on third-party transporters

The company sources raw materials from domestic vendors and relies on third-party logistics for transporting both raw materials and finished products. Any increase in logistics costs could negatively impact the business, results of operations, and financial condition.

Risk

IPO FAQs

  • The promoters of the company are Ketan Suryakant Thakkar, Manishbhai Natvarbhai Brahmbhatt, Kamleshbhai Hasmukhbhai Patel, Jagrutiben Manishbhai Brahmbhatt, Bhavikaben Ketankumar Thakkar and Premkumar Manishbhai Brahmbhatt.
  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 66.0 - 66.0.
  • The IPO application opens on Aug 30, 2024 and closes on Sep 03, 2024.
  • The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
  • For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
  • This IPO will be allotted on Sep 04, 2024.
  • The refund will be credited to your account on Sep 05, 2024.
  • The allotted shares will be credited to your demat on Sep 05, 2024.
  • Boss Packaging Solutions Ltd.’s shares listed on the stock exchanges on Sep 06, 2024.