September 5, 2024
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Boss Packaging IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Boss Packaging listing Review
Boss Packaging IPO allotment Link
What is the latest grey market premium of Boss Packaging IPO?
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Subscription status of Boss Packaging IPO
Boss Packaging IPO (Closed)Price Rs. 66 Lot 2000 shares, Rs. 8.41 Crore |
||||
| QIB | NII x | RII x | Total x | Applications |
| 103.80 | 165.29 | 136.21 | 49,919 (165.29x) | |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Boss Packaging?
Since its inception in 2012 as a manufacturer of filling and sticker labeling machines, the company has significantly expanded its offerings. Today, today it is a leading manufacturer, supplier, and exporter of a diverse range of packaging solutions, including capping machines, filling machines, self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators.
Its operations are supported by a comprehensive sales and distribution network across India, with its headquarters located at 11-C, Survey No. 56/1/2/3, Ramdev Estate, Near Siddipura Estate, Opposite Ramol Mehmdabad Highway, Vinzol Road, Ahmedabad, Gujarat 382445, India. Its manufacturing facilities are well-equipped to handle a broad spectrum of packaging machinery needs.
From its initial focus on filling and sticker labeling machines, it has expanded to offer a wide array of packaging equipment, including semi-automatic and automatic liquid filling machines, screw and ROPP capping machines, pick and place screw capping machines, self-adhesive sticker labeling machines, hologram applicator machines, shrink sleeve applicator machines, conveyors, turntables, air jet cleaning machines, semi-automatic and automatic shrink-wrapping machines (web sealers), electric tunnels, and rewinding systems. It offers both branded “Boss” products and white-label solutions for its clients.
Its machinery serves various industries, such as edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquids, juices, dairy, agriculture and pesticides, food and ancillaries, and distilleries and breweries. Over the past three fiscal years, the company has served more than 70 customers in FY 2024, 60 customers in FY 2023, and 50 customers in FY 2022.
The company has developed a dedicated sales team and network to source customers throughout India and facilitate exports through merchant exporters.
Get more information about the company @ https://bosspackaging.in/
Boss Packaging IPO Details |
|
| IPO opens on | 30 August 2024 |
| IPO closes on | 3 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1274000 Shares / Rs 8.41 Crore |
| * Fresh Issue | 1274000 Shares / Rs 8.41 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 66000 Shares |
| Net offer to Public | 1208000 Shares/ Rs.7.97 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.66 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (15%) | 604000 | 3.98 |
| RII (35%) | 604000 | 3.99 |
| Total Shares | 1208000 | 7.97 |
| Retail portion will be oversubscribed by | 302 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.132000 |
| Min HNI Application | 4000 Shares | Rs.264000 |
Who are the Promoters of Boss Packaging IPO?
The promoters of the company are Manishbhai Natvarbhai Brahmbhatt, Kamlesh Hasmukhbhai Patel, Ketan Suryakant Thakkar, Jagrutiben Manishbhai Brahmbhatt, Bhavikaben Ketan Thakkar and Premkumar Manishbhai Brahmbhatt.
What are the Objects of Boss Packaging IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1)Purchase of machineries
2)Funding the Working Capital Requirements; and
3)General Corporate Purpose
Tentative timetable |
|
| IPO opens on | 30 August 2024 |
| IPO Closes on | 3 September 2024 |
| IPO Allotment on | 4 September 2024 |
| Refund Initiation | 5 September 2024 |
| Credit of Shares | 5 September 2024 |
| Listing on | 6 September 2024 |
| Registered Office of the Company Boss Packaging Solutions Limited 11-C, Survey No. 56/1/2/3, Ramdev Estate, Near Siddipura Estate, Opposite Ramol Mehmdabad Highway, Vin Zol Road, Ahmedabad-382445 |
| Who is the Lead Manager of this IPO? Fedex Securities Pvt ltd |
|
Who is the Registrar to IPO? |
Boss Packaging IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Boss Packaging IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 5.48 | 0.42 | 2.68 | 41.14 |
| 2022-23 | 10.35 | 1.10 | 6.44 | 49.75 |
| 2023-24 | 12.18 | 1.01 | 3.38 | 22.31 |
| Book Value of the Share on 31.03.2024 |
Rs | 14.28 | ||
| BV of the Share at cap price after IPO |
Rs. | 29.10 | ||
| Offer Price/upper band | Rs. | 66.00 | ||
IPO
|
|
| Price/EPS of 23-24 | 19.53 |
| Price/BV Ratio | 4.62 |
| Price/BV after IPO | – |
How Boss Packaging IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Boss Packaging | 10 | 12.17 | 19.53 |
| Windsor Machines | 2 | 353.97 | (166) |
| Manugraph Industries | 2 | 65.76 | (4) |
| Mac Power CNC | 10 | 241.04 | 57.71 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Boss Packaging IPO Review
Since its inception in 2012 as a manufacturer of filling and sticker labeling machines, the company has significantly expanded its offerings. Today, today it is a leading manufacturer, supplier, and exporter of a diverse range of packaging solutions, including capping machines, filling machines, self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators.
Size: Net size of the IPO is Rs.7.97 crore, comprising of 1208000 shares. The size of the IPO is very small and obtaining oversubscription is expected to be smooth.
Financial Snapshot: The company has shown reasonably good topline and bottom-line during last 3 years. Based on the published figures, the shares are offered at reasonable valuation.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Boss Packaging IPO IPO GMP today allotment, review?
Boss Packaging IPO IPO GMP grey market premium
Boss Packaging IPO FAQs
What is Boss Packaging IPO?
This is a SME IPO of 1274000 equity shares of the face value of Rs. 10 aggregating up to Rs.8.41 Crores. The issue is priced at Rs.66 per share. The minimum order quantity is 2000 Shares.
When will Boss Packaging IPO subscription open?
Boss Packaging IPO opens on August 03, 2024, and closes on September 03, 2024.
What is the lot size of Boss Packaging IPO?
Boss Packaging IPO lot size is 2000 Shares, and the minimum amount required is Rs.132000
How to apply for Boss Packaging IPO?
You can apply in Boss Packaging IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Boss Packaging IPO allotment?
The finalization of Basis of Allotment for Boss Packaging IPO will be done on September 04, 2024, and the allotted shares will be credited to your demat account by September 05, 2024.
When is Boss Packaging IPO listing date?
Boss Packaging IPO listing date is September 6, 2024.
