• Initial Public Offering (IPO)

  boss packaging solutions ipo

  Posted by madhav on September 3, 2024 at 5:07 am

  Boss Packaging Solutions Limited, established in January 2012, specializes in manufacturing, supplying, and exporting a wide range of packaging equipment, including capping and filling machines. They also provide self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators.

  Their product lineup encompasses various labeling, packing, filling, and sealing machines, along with related accessories and complete packaging lines, serving multiple industries.

  The company caters to diverse sectors such as edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquids, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetics and toiletries, as well as distilleries and breweries.

  During Fiscal 2024, Fiscal 2023, and Fiscal 2022, the company served 70, 60, and 50 customers, respectively.

  As of August 2024, Boss Packaging Solutions has sold its machines across 18 Indian states, 3 Union territories, and 4 countries.

  As of March 31, 2024, the company employs a total of 64 staff members, including skilled and unskilled labor, administrative personnel, and the management team.

  The Boss Packaging Solutions IPO is a fixed price issue, totaling ₹8.41 crores, and consists entirely of a fresh issue of 12.74 lakh shares.

  The IPO opened for subscription on August 30, 2024, and closes today, September 3, 2024. The allotment of shares is expected to be finalized on Wednesday, September 4, 2024. Boss Packaging Solutions is set to list on the NSE SME, with a tentative listing date of Friday, September 6, 2024.

  The IPO is priced at ₹66 per share, with a minimum application lot size of 2,000 shares. Retail investors need to invest a minimum of ₹132,000, while high net-worth individuals (HNIs) have a minimum investment requirement of 2 lots (4,000 shares), amounting to ₹264,000.

  Fedex Securities Pvt Ltd is serving as the book running lead manager for this IPO, and Kfin Technologies Limited is acting as the registrar. B.N. Rathi Securities is the market maker for the Boss Packaging Solutions IPO.

  For more detailed information, please refer to the Boss Packaging Solutions IPO RHP (Red Herring Prospectus).

  madhav replied 9 months, 2 weeks ago 1 Member · 0 Replies
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