Boss Packaging Solutions Debuts at ₹82.5 on NSE SME, 25% Above IPO PriceBoss Packaging Solutions Debuts at ₹82.5 on NSE SME, 25% Above IPO Price

Boss Packaging Solutions made a strong stock market debut today, listing at ₹82.5 on the NSE SME, a 25% premium over its IPO price of ₹66. The ₹8.41 crore IPO was open for subscription from August 30 to September 3, 2024.

The IPO saw an overwhelming response, being subscribed 136.21 times overall during its 3-day bidding period. Bids amounted to 16.45 crore shares versus 12.08 lakh offered. Retail subscriptions were 165.29 times, and ‘others’ were 103.80 times.

Boss Packaging Solutions Limited, established in 2012, excels in manufacturing and exporting diverse packaging machines, including filling, capping, and labeling equipment. With a robust Pan-India network, they serve industries like pharmaceuticals and food, supporting over 70 customers in Fiscal 2024, while focusing on innovation, advanced solutions, and reliable after-sales support.

Boss Packaging Solutions Limited IPO aimed to raise capital for purposes like expansion, technology upgrades, debt reduction, or general corporate needs. This IPO involved raising funds through both a fresh issue of shares and an offer for sale.