Boss Packaging Solutions Limited, based in Ahmedabad, is a packaging machines manufacturer that provides packaging solutions to various industries. They offer a range of food and beverage packaging, including filling machines for oil, liquid, and viscous products, as well as automatic packaging machines. Boss Packaging Solutions Limited has plan to raise ₹8.41 crore through the public issue. The company IPO is going to be open to the public on August 30, 2024 and will close on September 3, 2024. The share allotment date of the Boss Packaging Solutions IPO is September 4, 2024 and the listing date is September 6, 2024.
This is a SME fixed Price Issue initial public offering (IPO), with a total fresh issue size of ₹8.41 crore for 12.74 lakh shares. The price band of the Boss Packaging Solutions IPO is set at ₹166 per share and the face value is ₹10 per share.
Table of Contents
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Boss Packaging Solutions IPO.
Boss Packaging Solutions IPO Details (Closed)
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹8.41 crore for 12,74,000 shares |
| Fresh Issue | ₹8.41 crore for 1,274,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Overall Subscription | 81.81x |
| Listing At | NSE SME |
| Retail Shares Offered | 50% of the Net Issue |
| NIIs Shares Offered | 50% of the Net Issue |
| QIB Shares Offered | 0% |
Boss Packaging Solutions IPO Important Dates
The opening date of the Boss Packaging Solutions IPO is Friday, August 30, 2024 and the closing date is Tuesday, September 3, 2024. The basic allotment date of the IPO is Wednesday, September 4, 2024 and the listing date is Friday, September 6, 2024.
All the important dates regarding the Boss Packaging Solutions Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| 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 |
| Credit of Shares to Demat | Thursday, September 5, 2024 |
| Listing Date | Friday, September 6, 2024 |
Boss Packaging Solutions IPO GMP Today
The last updated Grey Market Premium (GMP) for the Boss Packaging Solutions IPO is up to ₹27. The offering price for the Boss Packaging Solutions Limited IPO is ₹66 per share.
The following table displays the trend of Boss Packaging Solutions IPO GMP Rates over the past few days.
| GMP Date | IPO Price | GMP Price |
| September 4, 2024 | ₹66 | ₹27 |
| September 3, 2024 | ₹66 | ₹24 |
| September 2, 2024 | ₹66 | ₹15 |
| September 1, 2024 | ₹66 | ₹17 |
| August 31, 2024 | ₹66 | ₹17 |
| August 30, 2024 | ₹66 | ₹25 |
| August 29, 2024 | ₹66 | ₹22 |
| August 28, 2024 | ₹66 | ₹22 |
Boss Packaging Solutions IPO Lot Size
Boss Packaging Solutions IPO offers a minimum of 2,000 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 1 lot, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots and a maximum of 4 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
| HNI (Max) | 8,000 | ₹5,28,000 |
Boss Packaging Solutions IPO Shares Offered
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
| QIB Shares Offered | 0% |
Boss Packaging Solutions IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.35% |
Step by step guide to apply Boss Packaging Solutions IPO
One can apply for Boss Packaging Solutions Limited IPO through Internet Banking and Angel One App. Follow the step by step guide to apply for Boss Packaging Solutions IPO.
Net Banking:
- Login to Internet Banking: Access your Internet banking account using your credentials.
- Browse to the IPO Section: Once logged in, go to the ‘Investments’ or ‘IPO’ section.
- Select the “Boss Packaging Solutions”: Locate and select the Boss Packaging Solutions Limited IPO from the list of available IPOs.
- Fill out the IPO bid form: Enter the required details, such as your bid quantity, price, CDSL ID, and DP account information.
- Make Payment and Confirm Application: Complete the payment process as per the instructions and submit your application. If the IPO is not allotted to you, you will receive a full refund.
Angel One:
Here’s a step-by-step guide for applying to the Boss Packaging Solutions IPO using the Angel One app:
- Install the Angel One app:
- Click here to Download the Angel One app from the App Store (for iOS) or Google Play Store (for Android).
- Install and open the app on your device.
- Create an Account: or Log In to Your Account:
- Open the Angelone app.
- Tap on “Sign Up” or “Create Account.” After creating your account, log in using your username and password.
- Navigate to the IPOs section:
- Once logged in, look for the “IPOs” option on the main dashboard or menu.
- Select Boss Packaging Solutions Limited IPO and then click on “Apply Now.”
- Choose the lot size you want to apply for.
- Enter your UPI ID, where the payment for the IPO will be processed.
- Click on “Apply for IPO.”
- Review your application details and click on “Apply for IPO” for the last step confirmation.
By following these steps, you will have successfully applied for the Boss Packaging Solutions Limited IPO through the Angel One app
About Boss Packaging Solutions Limited
Boss Packaging Solutions Limited, based in Ahmedabad, is a packaging machines manufacturer that provides packaging solutions to various industries. They offer a range of food and beverage packaging, including filling machines for oil, liquid, and viscous products, as well as automatic packaging machines.
This company was founded in January 2012 in January 2012, the company is promoted by Manishbhai Natvarbhai Brahmbhatt, Kamlesh Hasmukhbhai Patel, Ketan Suryakant Thakkar, Jagrutiben Manishbhai Brahmbhatt, Bhavikaben Ketan Thakkar, and Premkumar Manishbhai Brahmbhatt. The company’s revenue for FY24 was ₹12.18 crore.
Boss Packaging Solutions Limited Financial Reports
In FY24, Boss Packaging Solutions’ revenue grew by 17.68%, showing that the company is doing well in sales compared to FY23. Profit After Tax (PAT) stayed almost the same, growing by just 0.53%, which means profits didn’t improve much even though sales increased. Borrowings jumped massively by 1,685.14%
| Financial Metrics | FY23 (₹) | FY24 (₹) | Growth Rate (%) |
|---|---|---|---|
| Assets | ₹5.36 Crore | ₹7.66 Crore | 42.91% |
| Revenue | ₹10.35 Crore | ₹12.18 Crore | 17.68% |
| Profit After Tax (PAT) | ₹1.04 Crore | ₹1.05 Crore | 0.53% |
| Total Borrowing | ₹3.70 Lakh | ₹65.62 Lakh | 1,685.14% |
Boss Packaging Solutions Limited Key Performance Indicators
Here’s the KPI table for Boss Packaging Solutions Limited
| KPI | FY24 (₹) |
|---|
| Revenue | ₹12.18 Crore |
| Profit After Tax (PAT) | ₹1.01 Crore |
| Total Assets | ₹7.66 Crore |
| Total Borrowings | ₹65.62 Lakh |
| Debt to Equity Ratio | 0.15 |
| Net Profit Margin | 8.29% |
| Return on Assets (ROA) | 13.19% |
| Return on Equity (ROE) | 12.78% |
Boss Packaging Solutions Limited IPO Review
Boss Packaging Solutions Limited shows good revenue growth in FY24, with ₹12.18 crore, but profit growth is almost flat at ₹1.05 crore. The company’s Net Profit Margin is at 8.29%, meaning it keeps around 8 paisa from every rupee earned, which is decent but not great. This is an average IPO and is unlikely to list at a high premium, so it might be better to avoid this IPO.
Boss Packaging Solutions Limited Contact Details
11-C, Survey No. 56/1/2/3, Ramdev Estate,
Near Siddipura Estate, Opposite Ramol Mehmdabad
Highway, Vin Zol Road, Ahmedabad, PIN-382445
Phone: 079-48972009
Email: [email protected]
FAQs
1. What is the GMP price of the Boss Packaging Solutions IPO?
The current GMP price of the Boss Packaging Solutions IPO is ₹27.
2. On which exchange will the Boss Packaging Solutions IPO be listed?
Boss Packaging Solutions Limited IPO shares are to be listed on the NSE SME.
3. When is the allotment date for the Boss Packaging Solutions IPO?
The allotment date of the Boss Packaging Solutions Limited IPO is September 4, 2024.
4. What are the opening and closing dates of the Boss Packaging Solutions Ltd IPO?
Boss Packaging Solutions IPO will open on August 30, 2024 & close on September 3, 2024.
5. When is the listing date for the Boss Packaging Solutions Limited IPO?
Boss Packaging Solutions IPO’s listing date is September 6, 2024.
Conclusion
Boss Packaging Solutions Limited, based in Ahmedabad, is a packaging machines manufacturer. Boss Packaging Solutions Limited shows good revenue growth in FY24, with ₹12.18 crore, but profit growth is almost flat at ₹1.05 crore. This is an average IPO and is unlikely to list at a high premium, so it might be better to avoid this IPO.
To get more information and regular updates on the Boss Packaging Solutions IPO, keep in touch with The Invest Advisory.