Apex Ecotech Limited IPO...
20 Nov 2024
Boss Packaging Solutions Limited IPO And Its GMP
The Company was incorporated on January 10, 2012 as 'Boss Packaging Solutions Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated January 10, 2012, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the name of their company was changed from "Boss Packaging Private Limited" to "Boss Packaging Limited", pursuant to conversion from private to public company and a fresh certificate of incorporation dated August 10, 2023 issued by the Registrar of Companies, Ahmedabad, Gujarat.
The business was started in 2012 as manufacturer of filling and sticker labeling machines, they have come a long way today to become a manufacturer, supplier and exporter of diversified packaging, capping, filling machines, self-adhesive sticker labeling machine, conveyors, turn tables, web sealers, sleeve applicator etc. They have sales and distribution network in Pan India.
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IPO OVERVIEW
- Issue Type: Fixed price issue of ₹8.41 crores
- Total Shares: 12.74 lakh shares (entirely fresh issue)
- IPO Open Date: August 30, 2024
- IPO Close Date: September 3, 2024
- Issue Price: ₹66 per share
- Minimum Lot Size: 2000 shares per application
- Book Running Lead Manager: Fedex Securities Pvt Ltd
- Registrar: Kfin Technologies Limited
- Market Maker: B.N. Rathi Securities
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Boss Packaging Solutions IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 05-09-2024 | 66 | 12.0 (18%) | 05-Sep-2024 13:15 |
| 04-09-2024 | 66 | 12.0 (18%) | 04-Sep-2024 11:20 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Boss Packaging Solutions IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding post issue | 4,446,260 |
| Market Maker portion | 66,000 shares B.N. Rathi Securities |
Boss Packaging Solutions IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2024 |
Boss Packaging Solutions Limited 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 Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Boss Packaging Solutions IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.35% |
Company & Financials
Incorporated in January 2012, Boss Packaging Solutions Limited manufactures, supplies, and exports a variety of packaging, capping, and filling machines. They also offer self-adhesive sticker labelling machines, conveyors, turntables, web sealers, and sleeve applicators. The company's product portfolio includes a variety of labeling, packing, filling, and sealing machines, as well as accessories and full packaging lines, which are used in various industries. The company supplies its products to 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 has served 70 customers, 60 customers and 50 customers during the Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. As of August 2024, The company has sold its machines in over 18 Indian states, 3 Union territories, and 4 countries.
Boss Packaging Solutions Limited Financial Information
| 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
| 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 |
Objectives of Boss Packaging Solutions IPO
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- ● Purchase of machineries;
- ● Funding the Working Capital Requirements; and
- ● General Corporate Purpose
Boss Packaging Solutions IPO Review
The company has posted growth in its top lines for the reported periods, but marked static bottom line for the last two fiscals. Small post-IPO equity base indicates longer gestation period for migration. Though the company is operating in a highly competitive and fragmented segment of packaging and sticker machines, considering current fancy for the segment, well-informed investors may park moderate funds for long term.
FAQs for Boss Packaging Solutions IPO
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What is Boss Packaging Solutions IPO?
Boss Packaging Solutions IPO is a SME IPO. The company is going to raise ₹8.41 Crores via IPO. The issue is priced at ₹66 pr equity share. The IPO is to be listed on NSE.
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When Boss Packaging Solutions IPO will open for subscription?
The IPO is to open on August 30, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 3, 2024.
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What is Boss Packaging Solutions IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
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What is Boss Packaging Solutions Issue Size?
Boss Packaging Solutions issue size is ₹8.41 crores.
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What is Boss Packaging Solutions IPO Price Band?
Boss Packaging Solutions IPO Price Band is ₹66.
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What is Boss Packaging Solutions IPO Lot Size?
The minimum bid is 2000 Shares with ₹132,000 amount.
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What is the Boss Packaging Solutions IPO Allotment Date?
Boss Packaging Solutions IPO allotment date is September 4, 2024.
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What is the Boss Packaging Solutions IPO Listing Date?
Boss Packaging Solutions IPO listing date is September 6, 2024. The IPO is to list on NSE.
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What is the current GMP of Boss Packaging Solutions?
The current GMP of Boss Packaging Solutions is 12.0 (18%).
RHP:
RHP of Boss Packaging Solutions Limited IPO.
DRHP:
DRHP of Boss Packaging Solutions Limited IPO.
-
What is Boss Packaging Solutions IPO?
Boss Packaging Solutions IPO is a SME IPO. The company is going to raise ₹8.41 Crores via IPO. The issue is priced at ₹66 pr equity share. The IPO is to be listed on NSE.
-
When Boss Packaging Solutions IPO will open for subscription?
The IPO is to open on August 30, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 3, 2024.
-
What is Boss Packaging Solutions IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
-
What is Boss Packaging Solutions Issue Size?
Boss Packaging Solutions issue size is ₹8.41 crores.
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What is Boss Packaging Solutions IPO Price Band?
Boss Packaging Solutions IPO Price Band is ₹66.
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What is Boss Packaging Solutions IPO Lot Size?
The minimum bid is 2000 Shares with ₹132,000 amount.
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What is the Boss Packaging Solutions IPO Allotment Date?
Boss Packaging Solutions IPO allotment date is September 4, 2024.
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What is the Boss Packaging Solutions IPO Listing Date?
Boss Packaging Solutions IPO listing date is September 6, 2024. The IPO is to list on NSE.
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What is the current GMP of Boss Packaging Solutions?
The current GMP of Boss Packaging Solutions is 12.0 (18%).
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