IPO Details
Bidding Dates
30 Aug '24 - 03 Sep '24
Minimum Investment
₹1,32,000/ 1 Lot ( 2000 Shares )
Price Range
₹66
Maximum Investment
₹1,32,000/ 1 Lot ( 2000 Shares )
Retail Discount
To be announced
Issue Size
₹8.41 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Aug 30, 2024
IPO Close Date
Sep 3, 2024
Basis of Allotment
Sep 4, 2024
Initiation of Refunds
Sep 5, 2024
Credit of Shares to Demat
Sep 5, 2024
Listing Date
Sep 6, 2024
Cut-off time for UPI mandate confirmation
Sep 3, 2024
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:
- 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.
- 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.
- 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:
- Allocate ₹ 333.70 lakh to buy new machinery, enhancing production capacity and efficiency.
- Utilise ₹ 300.00 lakh to meet working capital needs, ensuring smooth day-to-day operations.
- ₹ 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:
- Windsor Machines Limited
- Manugraph India Limited
- Macpower CNC Machines Limited
How to Check the Allotment Status of the Boss Packaging Solutions IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
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
IPO Financials
Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
---|---|---|---|
Revenue From Operations (in ₹ lakh) | 1,217.44 | 1033.89 | 547.40 |
Profit After Tax (PAT) (in ₹ lakh) | 101.04 | 100.51 | 41.77 |
Cash & Cash Equivalents (in ₹ lakh) | 4.50 | 28.01 | 13.42 |
Net Worth (in ₹ lakh) | 452.93 | 202.04 | 101.53 |
EBITDA (in ₹ lakh) | 155.57 | 143.69 | 69.19 |
Return on Capital Employed (RoCE) (%) | 28.99 | 67.35 | 53.26 |
Return on Equity (ROE) (%) | 22.31 | 49.75 | 41.14 |
Total Borrowings (in ₹ lakh) | 65.62 | 3.70 | 19.73 |
Know before investing
Strengths
6-
The company's success is driven by a robust marketing and distribution network with dedicated sales and after-sales service teams.
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Boss Packaging serves various industries, from pharmaceuticals to food, with a presence in 18 states, 3 Union Territories, and 4 countries.
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The company is led by seasoned leaders with over a decade of experience, ensuring strong customer relationships and market foresight.
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Boss Packaging offers a wide variety of packaging machines and accessories, meeting diverse industry needs from a single source.
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The key focus is on increasing presence in new regions and international markets, for broader customer reach.
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The company is dedicated to maintaining high-quality standards for repeat business and enhancing brand value.
Risks
6-
Manufacturing units located solely in Ahmedabad increase vulnerability to regional disruptions, which could adversely affect business operations.
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Heavy reliance on a few key customers, with over 50% of revenue coming from the top ten customers, creates a risk if any of these customers reduce their business or exit.
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Operating in the capital goods industry, the company is vulnerable to economic downturns.
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Any delays in placing orders for necessary equipment or machinery could result in cost overruns and adversely affect the company's expansion plans.
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High working capital requirements create financial pressure, and any insufficiency in cash flows could disrupt operations.
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Failure to obtain, renew, or maintain necessary statutory and regulatory permits could result in operational disruptions.
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Boss Packaging Solutions IPO FAQs
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The Boss Packaging Solutions IPO is a fixed-price issue that will be open from August 30, 2024 to September 3, 2024.
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The Basis of Allotment will happen on Wednesday, September 4, 2024.
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The IPO subscription window will open on August 30, 2024.
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The minimum lot size for retail investors is 1 lot of 2000 shares.
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The listing date for Boss Packaging Solutions Limited is Friday, September 6, 2024.
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Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
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Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
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You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
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You can submit only one application using your PAN card.