Boss Packaging IPO credit of shares today

September 5, 2024 admin Leave a reply Post Comment

Boss Packaging IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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Table of Contents

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/ 

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

Boss Packaging IPO GMP grey market premium, review, Subscription, allotment, listing estimate

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: ?

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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.