Boss Packaging Solutions Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹5(7.58%)
Premium (ELP)
The Initial Public Offering of Boss Packaging Solutions Limited's culminated in its successful listing on Sep 06, 2024 at the NSE trading platform. The company secured 12,74,000 Shares through this capital market exercise, with 12,74,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹66 to ₹66, with minimum investment requirements of 2000 shares. The subscription period from Aug 30, 2024 to Sep 03, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Sep 04, 2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in January 2012, Boss Packaging Solutions Limited is a leading manufacturer, supplier, and exporter of a wide range of packaging machinery, including capping and filling machines, self-adhesive labeling machines, conveyors, turntables, web sealers, and sleeve applicators. Serving industries such as edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, juices and dairy, agriculture, food, and distilleries, the company has delivered equipment across 18 Indian states, 3 Union Territories, and 4 countries. Its product portfolio includes labeling, packing, filling, and sealing machines, along with accessories and complete packaging lines tailored to industry needs. Boss Packaging Solutions served 70 customers in FY 2024 and employs a dedicated workforce of 64 personnel as of August 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Marketing and Distribution Network: Boss Packaging Solutions Limited has built a reliable marketing and distribution system, ensuring smooth product delivery across different regions and countries.
- Wide Customer Base with Long-Term Trust: The company serves customers from various industries and has built long-lasting relationships based on trust and dependable service.
- Variety of Products: Boss Packaging Solutions offers a wide range of machines for packaging, capping, filling, and labeling, providing flexible solutions for different industry needs.
- Geographical Risk: The Company’s factories are located in Ahmedabad, Gujarat. Any negative events in this region could affect the Company’s operations and financial performance.
- Capacity Utilization: The factories are not working at full capacity right now, and there’s no surety they will improve. This could impact production efficiency and profits.
- Customer Concentration: The Company depends on a small number of key customers for a large part of its income. Losing any of these customers could seriously affect the business and earnings.
- Manishbhai Natvarbhai Brahmbhatt
- Kamlesh Hasmukhbhai Patel
- Ketan Suryakant Thakkar
- Jagrutiben Manishbhai Brahmbhatt
- Bhavikaben Ketan Thakkar
- Premkumar Manishbhai Brahmbhatt
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