Boss Packaging Solutions IPO: Key Highlights of Upcoming IPO

• Boss Packaging Solutions IPO is a fixed price issue worth up to Rs 8.41 crores.

• Bidding opens on August 30 and closes on September 3, 2024.

• Boss Packaging Solutions SME IPO price set at Rs 66 per share.

• The minimum amount required for retail investors is Rs 1,32,000.

Boss Packaging Solutions IPO: Synopsis

Boss Packaging Solutions is open for subscription from Friday, August 30, 2024, and closes on Tuesday, September 3, 2024. This IPO is a Fixed Price Issue type with decided issue price at Rs 66 per share.

Boss Packaging Solutions IPO is offering entirely a fresh issue of 12.74 lakh of equity shares worth up to Rs 8.41 crore equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, September 4, 2024. The listing of this IPO will be done on Friday, September 6, 2024, at the NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 132,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 264,000.

The IPO is managed by Fedex Securities Private Limited, which is the book-running lead manager of this public issue. The company has appointed Kfin Technologies Limited as the registrar for the issue.

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Boss Packaging Solutions Limited: About the Company

Boss Packaging Solutions Ltd. (BPSL), founded in 2012, has grown from manufacturing filling and sticker labelling machines to becoming a key player in the packaging industry. The company produces a wide range of packaging machinery, including filling machines, capping machines, self-adhesive sticker labelling machines, conveyors, turn tables, and shrink-wrapping machines.

Operating from its facility in Ahmedabad, Gujarat, BPSL serves industries like edible oil, pharmaceuticals, cosmetics, and more. The company markets its products under the "Boss" brand and also offers white-label solutions. As of March 31, 2024, BPSL employed 64 people and continues to provide innovative packaging solutions tailored to diverse customer needs.

Boss Packaging Solutions IPO: Objectives

The company intends to utilise the funding raised by the public issue for various purposes including purchases of machineries, funding the working capital requirements and for general corporate purposes.

Boss Packaging Solutions IPO: Other Important Details

Time Table of Boss Packaging Solutions IPO

Boss Packaging Solutions IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Boss Packaging Solutions Limited and Their Holdings

The company's promoters are Manishbhai Natvarbhai Brahmbhatt, Kamlesh Hasmukhbhai Patel, Ketan Suryakant Thakkar, Jagrutiben Manishbhai Brahmbhatt, Bhavikaben Ketan Thakkar and Premkumar Manishbhai Brahmbhatt. The promoter(s) collectively held 100% of the company's shares. However, post-IPO, their combined shareholding will be 71.35%.

FAQs

1.       What are the core details available for the Boss Packaging Solutions IPO?

Boss Packaging Solutions IPO is a fixed price public issue of 12.74 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 12.74 lakh equity shares worth up to Rs 8.41 crores. The allotment for this new IPO is expected to be finalised on Wednesday, September 4, 2024.

2.       How can I apply for the Boss Packaging Solutions IPO?

The public subscription of this new IPO opens on August 30 and closes on September 3, 2024. Click here to initiate the application process.

3.       Who is the lead manager(s) for the Boss Packaging Solutions IPO?

Fedex Securities Private Limited was appointed as the book-running lead manager for the IPO.

4.       Who is appointed as the registrar for this IPO?

Kfin Technologies Limited has been appointed as the registrar for this public issue.

5.       How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding raised by the public issue for various purposes including purchases of machineries, funding the working capital requirements and for general corporate purposes.

6.       How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Boss Packaging Solutions IPO by visiting here, for further updates, follow Bigul.

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