Boss Packaging Solutions IPO

About Boss Packaging Solutions Limited

Boss Packaging Solutions Limited, established on January 10, 2012, initially operated as a private limited company under the name "Boss Packaging Solutions Private Limited." The company transitioned to a public limited entity on August 10, 2023. Since its inception, Boss Packaging Solutions has grown from a manufacturer of filling and sticker labeling machines to a comprehensive provider of diversified packaging solutions.

The company now produces and supplies a wide array of packaging, capping, and labeling machines, catering to a broad spectrum of industries. These include self-adhesive sticker labeling machines, conveyors, turn tables, sleeve applicators, and more.

With a well-equipped manufacturing facility in Ahmedabad, Gujarat, the company has expanded its product portfolio to include semi-automatic and automatic liquid filling machines, screw capping machines, and shrink sleeve applicators, among others. These machines serve industries such as edible oil, lubricants, chemicals, cosmetics, pharmaceuticals, and food and beverages.

Boss Packaging Solutions has a strong sales and distribution network across India, supported by an efficient after-sales service team. The company’s products are sold under the "Boss" brand and as white-label products for various customers.

In terms of financial performance, the company has seen steady growth, with revenue from operations reaching ₹1,217.44 lakh in Fiscal 2024 and a profit after tax of ₹101.04 lakh. Boss Packaging Solutions continues to innovate and expand its offerings, ensuring that its products meet the evolving needs of its diverse client base.

Industry Outlook:

1. The manufacturing sector in India is a major economic pillar, contributing around 17% to the GDP pre-pandemic. It is expected to be one of the fastest-growing sectors, with the potential to reach US$1 trillion by 2025-26.
2. The FMCG sector in India grew by 7.5% in volumes in Q1 2023, driven by rural demand and modern trade. As a packaging provider, Boss Packaging Solutions Limited stands to benefit from this growth by supplying packaging solutions to FMCG companies.
3. India’s manufacturing sector is on track to export goods worth US$1 trillion by 2030, positioning the country as a global manufacturing hub. This can open new markets for companies like Boss Packaging Solutions Limited.

Boss Packaging Solutions IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Allocate ₹ 333.70 lakh to buy new machinery, enhancing production capacity and efficiency.
2. Utilise ₹ 300.00 lakh to meet working capital needs, ensuring smooth day-to-day operations.
3. ₹ 142.14 lakh will be utilised for general corporate purposes, supporting various business activities and strategic initiatives.

Peer Details

As per RHP, the following are the listed companies in India that are engaged in a business line similar to Boss Packaging Solutions Limited:

1. Windsor Machines Limited
2. Manugraph India Limited
3. Macpower CNC Machines Limited

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Contact Details of Boss Packaging Solutions Limited IPO

• Registered office: 11-C, Survey No. 56/1/2/3, Ramdev Estate, Near Siddipura Estate, Opposite Ramol Mehmdabad Highway, Vin Zol Road, Ahmedabad, Gujarat 382445 India
• Phone: 079-48972009
• E-mail: cs@bosspackaging.in