Boss Packaging Solutions Limited is coming up with an IPO consisting of a fresh issue of 12,74,000 shares worth INR 8.41 crores. The company aims to purchase machinery, fund working capital, and address general corporate purposes.
Boss Packaging Solutions IPO – Important Dates
| Boss Packaging Solutions Limited IPO Date | August 30, 2024 to September 3, 2024 |
| Boss Packaging Solutions Limited IPO Listing Date | September 6, 2024 |
| Boss Packaging Solutions Limited IPO Price | INR 66 per share |
| Boss Packaging Solutions Limited IPO Lot Size | 2000 Shares |
| Boss Packaging Solutions Limited IPO Total Issue Size | INR 8.41 crores |
| Boss Packaging Solutions Limited IPO Basis of Allotment | September 4, 2024 |
| Boss Packaging Solutions Limited IPO Initiation of Refunds | September 5, 2024 |
| Boss Packaging Solutions Limited IPO Credit of Shares to Demat | September 5, 2024 |
| Boss Packaging Solutions Limited IPO Issue Type | Fixed Price Issue IPO |
| Boss Packaging Solutions Limited IPO Listing At | NSE SME |
Boss Packaging Solutions Limited IPO – Company Profile
Boss Packaging Solutions Limited, founded in 2012, has evolved into a leading manufacturer, supplier, and exporter of diverse packaging machines, including filling, capping, and labelling equipment, with a Pan-India sales and distribution network.
Serving diverse industries like pharmaceuticals and food, the company catered to 70+ customers in Fiscal 2024. They offer extensive sales and after-sales support, ensuring quality and reliable maintenance services.
With in-house capabilities and a focus on innovation, the company consistently develops advanced packaging and filling solutions, expanding product offerings and meeting evolving customer requirements through cutting-edge technologies.
Boss Packaging Solutions Ltd IPO Fundamental Analysis
Boss Packaging Solutions Limited’s financial analysis reveals a mixed performance. Revenue increased over the years, profitability improved, and EPS improved, but despite overall asset growth, RoNW, liquidity, and inventory management faced challenges.
- Revenue Trend: The revenue decreased from ₹547.40 lakhs in March 2022 to ₹1,033.89 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 1,217.44 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹41.77 lakhs in March 2022 to ₹101.04 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹2.68 in March 2022 to ₹3.38 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 41.14% to 22.31%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Boss Packaging Solutions IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 547.40 | 1,033.89 | 1,217.44 |
| Equity (₹ in lakhs) | 101.53 | 202.04 | 452.93 |
| Expenses (₹ in lakhs) | 492.15 | 900.10 | 1,078.62 |
| Profit and Loss After Tax (₹ in lakhs) | 41.77 | 100.51 | 101.04 |
| Diluted EPS only (₹) | 2.68 | 6.44 | 3.38 |
| Return on Net Worth (%) | 41.14 | 49.75 | 22.31 |
| NAV per Equity Share (₹) | 6.91 | 12.95 | 14.28 |
| Total Assets (in lakhs) | 279.21 | 536.12 | 766.10 |
| Total Liabilities (in lakhs) | 177.68 | 334.08 | 313.17 |
| Debt Equity Ratio | 0.19 | 0.02 | 0.14 |
| Current Ratio (in times) | 1.52 | 1.57 | 2.66 |
| Inventory Turnover Ratio | 3.25 | 5.97 | 2.73 |
Boss Packaging Solutions Limited IPO Peer Comparison
Boss Packaging Solutions Limited shows strong profitability and EPS among its peers despite lower revenue than larger companies like Windsor Machines. Macpower CNC Machines demonstrates the highest profitability, while Windsor and Manugraph face losses.
| Company | Type of Financial | Revenue from Operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Boss Packaging Solutions Limited | Consolidated | 1217.44 | 10 | 19.53 | 3.38 | 22.31 | 14.28 |
| Windsor Machines Limited | Consolidated | 35,397.05 | 2 | (166.39) | (1.19) | (2.89) | 41.07 |
| Manugraph India Limited | Consolidated | 6,576.00 | 2 | (4.18) | (6.53) | (24.92) | 26.21 |
| Macpower CNC Machines Limited | Consolidated | 24,104.00 | 10 | 57.71 | 24.24 | 20.36 | 119.11 |
Boss Packaging Solutions Ltd IPO Objective
The main objective of Boss Packaging Solutions Limited is to purchase machinery and fund working capital requirements.
- Purchase of machinery: The company intends to use INR 3.34 crores to upgrade its Ahmedabad facility by installing CNC turning and VMC-800 machines, enhancing its capabilities for manufacturing accessories, moulds, and dies for its packaging machinery.
- Funding their working capital requirements: The company plans to utilize INR 3.00 crores from the net proceeds to fund its working capital requirements for Fiscal 2025, supporting future growth and supplementing existing internal and external financing facilities.
- General Corporate Purposes: The company will allocate funds to general corporate goals, including part or full prepayment of borrowings, strategic initiatives, acquisitions, investments in future subsidiaries, office setting, business development, R&D, and acquisition of fixed assets.
Boss Packaging Solutions IPO Risks And Challenges
Boss Packaging Solutions Limited’s risk includes regional disruptions in Ahmedabad, dependence on manufacturing unit operations, and significant reliance on key customers. Adverse developments, operational disruptions, and customer losses could impact business stability and financial health.
- Concentrating operations in Ahmedabad exposes the company to risks from regional disruptions, policy changes, or natural calamities. Reliance on local labour and government policies means adverse developments in Gujarat could impact business and financial conditions.
- Dependence on their manufacturing units exposes them to risks from equipment failures, power outages, and compliance issues. Disruptions, such as those caused by COVID-19 or utility shortages, could adversely affect operations, finances, and profitability.
- As a manufacturer and exporter of diverse packaging machinery, the company relies heavily on critical customers, who contribute substantial revenue. The lack of supply agreements and the potential loss of these customers pose risks to business stability and financial health.
Boss Packaging Solutions Ltd IPO – Industry & Market Potential
India’s manufacturing sector, contributing 16-17% of GDP and employing over 27.3 million workers, is shifting towards automation and digital transformation. The FMCG sector, India’s fourth-largest, grew 7.5% by volume in early 2023.
The FMCG sector in India, valued at US$121.8 billion in 2023, is projected to grow at a CAGR of 27.9% to US$615.87 billion by 2027, with urban and rural contributions of 65% and 35%, respectively.
The Indian defense manufacturing sector aims for a US$25 million turnover by 2025, with significant government support through schemes like PLI and MUDRA Yojana. The electronics sector is expected to reach US$300 billion by 2030, driven by initiatives like Make in India and SPECS.
Boss Packaging Solutions Limited IPO – Type of Offer
Boss Packaging Solutions Limited is coming up with an IPO consisting of a fresh issue of 12,74,000 shares worth INR 8.41 crores. The company aims to purchase machinery, fund working capital, and address general corporate purposes.
Boss Packaging Solutions IPO Offer Size
The offer size of Boss Packaging Solutions Limited is INR 8.41 crores, consisting of a fresh issue of 12,74,000 shares. The company seeks funds to purchase machinery, fund working capital, and address general corporate purposes.
Boss Packaging Solutions Limited IPO Allotment Structure
Boss Packaging Solutions Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 66,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 66,000 shares for this purpose.
How to apply for Boss Packaging Solutions IPO?
To apply for the Boss Packaging Solutions Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Boss Packaging Solutions Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Boss Packaging Solutions Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Boss Packaging Solutions IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Boss Packaging Solutions Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Boss Packaging Solutions Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Boss Packaging Solutions Limited IPO:
● Registrar’s Website: Visit the website of Kfin Technologies Limited, the registrar of the Boss Packaging Solutions Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Boss Packaging Solutions Ltd IPO Offer Registrar
The registrar for the Boss Packaging Solutions Limited IPO is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFIN TECHNOLOGIES LIMITED
Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032,
Telangana, India.
Telephone: +91 4067162222
E-mail: [email protected]
Website: www.kfintech.com
Boss Packaging Solutions IPO – FAQs
1. What is the allotment date of the Boss Packaging Solutions IPO?
The allotment date of the Boss Packaging Solutions Limited IPO is September 4, 2024.
2. What is the price band of the Boss Packaging Solutions IPO?
The price band of the issue is INR 66 per share.
3. What is the size of the Boss Packaging Solutions IPO?
The offer size of Boss Packaging Solutions Limited is INR 8.41 crores, consisting of a fresh issue of 12,74,000 shares. The company seeks funds to purchase machinery, fund working capital, and address general corporate purposes.
4. What is the listing date of the Boss Packaging Solutions IPO?
The listing date of Boss Packaging Solutions Limited’s IPO is September 6, 2024.
