Home

IPO

Boss Packaging Solutions Ltd

Boss Packaging Solutions Ltd IPO

Status: Closed

Overview

IPO date

30 Aug 2024 to 03 Sept 2024

Face value

₹ 10 per share

Price

₹ 66 per share

Issue Size

1,274,000 shares
(aggregating up to ₹ 8.41 Cr)

Allotment Date

04 Sept 2024

Listing at

NSE

Issue type

Fixed Price - SME

Sector

Engineering

Objectives of Boss Packaging Solutions Ltd IPO

Boss Packaging Solutions Ltd IPO Strategy

About Boss Packaging Solutions Ltd

Boss Packaging Solutions Ltd was incorporated on January 10, 2012 as 'Boss Packaging Solutions Private Limited', a Private Limited Company, pursuant to a Certificate of Incorporation dated January 10, 2012, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the name of Company was changed from 'Boss Packaging Private Limited' to 'Boss Packaging Solutions Limited', and a fresh Certificate of Incorporation dated August 10, 2023 issued by the Registrar of Companies, Ahmedabad, Gujarat. The Company started business in 2012 as manufacturer of filling and sticker labeling machines to become a manufacturer, supplier and exporter of diversified packaging, capping, filling machines, self-adhesive sticker labeling machine, conveyors, turn tables, web sealers, electric tunnels, sleeve applicator etc. From a single type equipment manufactured to facilitate filling and sticker labeling machine in 2012, the Company has expanded the equipment portfolio to wide range of packaging machines which includes a comprehensive range of packaging machinery such as, industrial packaging machines with Semi Automatic or automatic Liquid Filling Machines, Semi-Automatic or Automatic Screw or ROPP Capping machine, Pick and Place Screw Capping Machines. The Company operates from Manufacturing Unit located at Ahmedabad, Gujarat. Their products find application in various end-use industries including edible oil, lubricants, chemicals, cosmetics, homecare, viscous liquid, pharmaceuticals, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries. It developed own sales team and network for sourcing customers from pan India basis and for exports through merchant exporters. It also developed in-house capabilities and continue design and drawing, understand the customer requirement, technical specification and their production & packaging process. The Company is planning Initial Public Offer by issuing 12,75,000 Equity Shares through Fresh Issue.

Unlock Stock of the Month

T&C*

Strengths vs Risks of Boss Packaging Solutions Ltd

Know the pros & cons

Strengths

Strong Marketing and Distribution network.
Diversified customer base and long-standing relationship with its customers.
Diversified Product Portfolio.
Experienced Promoter Directors with extensive domain knowledge.

Risks

The company's Manufacturing Units is located at Ahmedabad in Gujarat and any adverse developments affecting this region could have an adverse effect on its business, results of operations and financial condition.
Continued operations at its Manufacturing Unit is critical to the company's business and any disruption in its Manufacturing Unit would have a material adverse effect on its business, results of operations and financial condition. Further, its Manufacturing Unit are not operating at optimum capacity utilization and there can be no assurance that the company will be successful in achieving such utilization levels.
The company is heavily reliant on a few customers and its derives a significant part of the company revenue from select customers. The loss of any significant customer may have a material adverse effect on its business and results of operations.
The Company operates in the capital goods industry which is sensitive to general economic downturn. The Company operates in the capital goods industry which is sensitive to general economic downturn.
The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment/machineries in a timely manner, or at all, the same may result in time and cost over-runs.
Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.
The company is required to obtain, renew or maintain certain material statutory and regulatory permits and approvals required to operate its business, and if the company fails to do so in a timely manner or at all, its may be unable to operate the company's business and its results of operations may be adversely affected.
Any defect in its products may result in the company's orders being cancelled and the company could become liable to customers, suffer adverse publicity and incur substantial costs which in turn could affect it adversely.
The success of its business depends substantially on a number of key management personnel, management team, and on its operational workforce. The company's inability to retain them or to recruit highly skilled technical personnel that are necessary for its business could adversely affect the company's businesses.
Activities involving its manufacturing process can be dangerous and can cause injury to people or property in certain circumstances. A significant disruption at any of the company's Manufacturing Unit may adversely affect its production schedules, costs, sales and ability to meet customer demand.
Developments in the competitive environment in the industry in which the company operates, such as expansion in manufacturing capacity of its competitors, consolidation among the company's competitors, could have a material adverse effect on its competitive position and hence the company's business, financial condition, results of operations or prospects.
There have been certain instances of non- compliances, including with respect to certain secretarial/ regulatory filings taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties for any such non-compliance and its business, financial condition and reputation may be adversely affected.
The company is exposed to foreign exchange related risks as a portion of its revenue from operations are in foreign currency.
The company depends on outside parties for adequate and timely supply of raw materials at commercially acceptable prices. Any disruptions, delay or increase in prices of such material may have a material adverse effect on its business.
The company is dependent on third party transportation and logistics service providers. Any increase in the charges of these entities could adversely affect its business, results of operations and financial condition.
There are outstanding tax demand involving the Company.
The Company has applied for registration of the trademarks in its name. Until such registration is granted, its may not be able to prevent unauthorised use of such trademarks by third parties, which may lead to the dilution of the company's goodwill.
Any adverse change in regulations governing its products and the products of the company's customers, may adversely impact its business, prospects and results of operations.
Its insurance coverage may not be sufficient or adequate to protect it against all material hazards, which may adversely affect its business, results of operations, financial condition and cash flows.
Any inability on its part to manage the company's growth or implement the company strategies effectively could have a material adverse effect on its business, results of operations and financial condition.
Its Promoters and Promoter Group will, even after the culmination of this Issue, continue to be its largest Shareholders and can influence the outcome of resolutions, which may potentially involve conflicts of interest with the other Equity Shareholders.
Its Promoters and some of the company's Directors and Key Managerial Personnel have interests in it other than reimbursement of expenses incurred and normal remuneration or benefits.
Its may not be able to secure funding in the future. In the event the Company is unable to obtain sufficient funding, it may delay its growth plans and have a material adverse effect on the company's business, cash flows and financial condition.
If the company does not continue to invest in new technologies and equipment, its technologies and equipment may become obsolete and the company's cost of processing may increase relative to its competitors, which may have an adverse impact on the company's business, results of operations and financial condition.
The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
Reliance has been placed on declarations and an affidavit furnished by Directors, for details of their profile included in this Prospectus.
Any failures on the company's part to effectively manage its inventory may result in an adverse effect on the company's business, revenue from manufacturing operations and financial condition.
The Company may not be successful in penetrating new export markets.
Its operations could be adversely affected by strikes, work stoppages, demands for increased wages or any other kind of employee dispute.
The shortage or non-availability of power facilities may adversely affect its manufacturing processes and have an adverse impact on the company's results of operations and financial condition.
The company has in the past entered into related party transactions and may continue to do so in the future.
Any failures of its information technology systems could adversely affect the company's business and its operations.
The Company's ability to pay dividends in the future will depends on a number of factors, including but not limited to the Company's earnings, capital requirements, contractual obligations, applicable legal restrictions and overall financial position.
The Company, in the past, has delayed in the payment of statutory dues.
Delays or defaults in client payment could result in reduction of its profits.
Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
The Company has experienced negative cash flows in some prior periods and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and results of operations.
Any material deviation in the utilisation of Issue Proceeds shall be subject to applicable law.
The Company has availed Rs. 65.62 lakhs as unsecured loan, which are repayable on demand and its Promoters have issued personal guarantees in relation to same. Any demand for repayment of such unsecured loans may affect its cash flows and financial condition.
The requirements of being a listed entity may strain its resources.
Any future issuance of Equity Shares, or convertible securities or other equity linked securities by it and any sale of Equity Shares by its Promoter may dilute your shareholding and adversely affect the trading price of the Equity Shares.
If there is any change in tax laws or regulations, or their interpretation, such changes may significantly affect its financial statements for the current and future years, which may have a material adverse effect on its financial position, business and results of operations.
Statistical and industry data contained in this Prospectus may be incomplete or unreliable.
There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
The company has not made any alternate arrangements for meeting its working capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the 'objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
Its Registered Office is located on premise which is not owned by the company and has been obtained on leave and license basis. Disruption of sour rights as licensee or termination of the agreements with its licensors would adversely impact the company's operations and, consequently, its business, financial condition and results of operations.
Information related to its installed capacities and the historical capacity utilisation of the company's Manufacturing Units included in this Prospectus is based on various assumptions and estimates and future production and capacity utilisation may vary.

Boss Packaging Solutions Ltd Peer Comparison

Understand the company’s industry standing

Boss Packaging Solutions Ltd

Windsor Machines Ltd

Manugraph India Ltd

Face Value

Standalone / Consolidated

Standalone

Consolidated

Total Income Rs. Cr.

12.1744

353.9705

65.76

EPS-Basis

3.38

-1.19

-6.53

EPS-Diluted

---

NAV Per Share

14.28

41.07

26.21

P/E-Basic EPS

19.53

-166.39

-4.18

P/E-Diluted EPS

---

RONW(%)

22.31

-2.89

-24.92

Latest NAV Period

---

Latest NAV

---

How to check the allotment status of Boss Packaging Solutions Ltd IPO?

Follow the steps

Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

IPO reads

Stay updated with the latest IPO developments

View All

December 9, 2024 | 5 min read

11 IPOs This Week: ₹18,482 Crores in Focus – GMP, SWOT, and All You Need to Know!

December 2, 2024 | 5 min read

Upcoming IPOs in December 2024: A Packed Month for Investors

November 25, 2024 | 5 min read

SME IPO Rush: 6 Issues Worth ₹410 Cr. Know Key Details Here!

October 25, 2024 | 5 min read

Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!

October 22, 2024 | 5 min read

Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!

October 17, 2024 | 5 min read

Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why

September 6, 2024 | 5 min read

Bajaj Housing Finance IPO: All You Need to Know

October 17, 2024 | 5 min read

Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why

August 26, 2024 | 5 min read

Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue Launch

More on IPOs

Navigate your way to other IPO resources

Current IPOs

Upcoming IPOs

Closed IPOs

Listed IPOs

Performing IPOs

Latest videos on IPOs

IPO highlights & details!

FAQs on IPO

Get answers to all your questions here!

The IPO opens on 30 Aug 2024 & closes on 03 Sept 2024.

Boss Packaging Solutions Ltd IPO will close on 03 Sept 2024.

Strong Marketing and Distribution network.
Diversified customer base and long-standing relationship with its customers.
Diversified Product Portfolio.
Experienced Promoter Directors with extensive domain knowledge.

S.No	Promoters Name	Pre Issue Shares	Pre Issue Percentage	Post Issue Shares	Post Issue Percentage
1	Ketan Suryakantbhai Thakkar	951500	29.99	951500	21.4
2	Manishbhai Natvarbhai Brahmbha	951500	29.99	951500	21.4
3	Kamileshbhai Hasmukhbhai Patel	951500	29.99	951500	21.4
4	Jagrutiben Manishbhai Brahmbha	317460	10.01	317460	7.14
5	Premkumar Manishbhai	100	---	---	---
6	Bhavikaben Ketankumar Thakkar	100	---	---	---

The company's Manufacturing Units is located at Ahmedabad in Gujarat and any adverse developments affecting this region could have an adverse effect on its business, results of operations and financial condition.
Continued operations at its Manufacturing Unit is critical to the company's business and any disruption in its Manufacturing Unit would have a material adverse effect on its business, results of operations and financial condition. Further, its Manufacturing Unit are not operating at optimum capacity utilization and there can be no assurance that the company will be successful in achieving such utilization levels.
The company is heavily reliant on a few customers and its derives a significant part of the company revenue from select customers. The loss of any significant customer may have a material adverse effect on its business and results of operations.
The Company operates in the capital goods industry which is sensitive to general economic downturn. The Company operates in the capital goods industry which is sensitive to general economic downturn.
The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment/machineries in a timely manner, or at all, the same may result in time and cost over-runs.
Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.
The company is required to obtain, renew or maintain certain material statutory and regulatory permits and approvals required to operate its business, and if the company fails to do so in a timely manner or at all, its may be unable to operate the company's business and its results of operations may be adversely affected.
Any defect in its products may result in the company's orders being cancelled and the company could become liable to customers, suffer adverse publicity and incur substantial costs which in turn could affect it adversely.
The success of its business depends substantially on a number of key management personnel, management team, and on its operational workforce. The company's inability to retain them or to recruit highly skilled technical personnel that are necessary for its business could adversely affect the company's businesses.
Activities involving its manufacturing process can be dangerous and can cause injury to people or property in certain circumstances. A significant disruption at any of the company's Manufacturing Unit may adversely affect its production schedules, costs, sales and ability to meet customer demand.
Developments in the competitive environment in the industry in which the company operates, such as expansion in manufacturing capacity of its competitors, consolidation among the company's competitors, could have a material adverse effect on its competitive position and hence the company's business, financial condition, results of operations or prospects.
There have been certain instances of non- compliances, including with respect to certain secretarial/ regulatory filings taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties for any such non-compliance and its business, financial condition and reputation may be adversely affected.
The company is exposed to foreign exchange related risks as a portion of its revenue from operations are in foreign currency.
The company depends on outside parties for adequate and timely supply of raw materials at commercially acceptable prices. Any disruptions, delay or increase in prices of such material may have a material adverse effect on its business.
The company is dependent on third party transportation and logistics service providers. Any increase in the charges of these entities could adversely affect its business, results of operations and financial condition.
There are outstanding tax demand involving the Company.
The Company has applied for registration of the trademarks in its name. Until such registration is granted, its may not be able to prevent unauthorised use of such trademarks by third parties, which may lead to the dilution of the company's goodwill.
Any adverse change in regulations governing its products and the products of the company's customers, may adversely impact its business, prospects and results of operations.
Its insurance coverage may not be sufficient or adequate to protect it against all material hazards, which may adversely affect its business, results of operations, financial condition and cash flows.
Any inability on its part to manage the company's growth or implement the company strategies effectively could have a material adverse effect on its business, results of operations and financial condition.
Its Promoters and Promoter Group will, even after the culmination of this Issue, continue to be its largest Shareholders and can influence the outcome of resolutions, which may potentially involve conflicts of interest with the other Equity Shareholders.
Its Promoters and some of the company's Directors and Key Managerial Personnel have interests in it other than reimbursement of expenses incurred and normal remuneration or benefits.
Its may not be able to secure funding in the future. In the event the Company is unable to obtain sufficient funding, it may delay its growth plans and have a material adverse effect on the company's business, cash flows and financial condition.
If the company does not continue to invest in new technologies and equipment, its technologies and equipment may become obsolete and the company's cost of processing may increase relative to its competitors, which may have an adverse impact on the company's business, results of operations and financial condition.
The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
Reliance has been placed on declarations and an affidavit furnished by Directors, for details of their profile included in this Prospectus.
Any failures on the company's part to effectively manage its inventory may result in an adverse effect on the company's business, revenue from manufacturing operations and financial condition.
The Company may not be successful in penetrating new export markets.
Its operations could be adversely affected by strikes, work stoppages, demands for increased wages or any other kind of employee dispute.
The shortage or non-availability of power facilities may adversely affect its manufacturing processes and have an adverse impact on the company's results of operations and financial condition.
The company has in the past entered into related party transactions and may continue to do so in the future.
Any failures of its information technology systems could adversely affect the company's business and its operations.
The Company's ability to pay dividends in the future will depends on a number of factors, including but not limited to the Company's earnings, capital requirements, contractual obligations, applicable legal restrictions and overall financial position.
The Company, in the past, has delayed in the payment of statutory dues.
Delays or defaults in client payment could result in reduction of its profits.
Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
The Company has experienced negative cash flows in some prior periods and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and results of operations.
Any material deviation in the utilisation of Issue Proceeds shall be subject to applicable law.
The Company has availed Rs. 65.62 lakhs as unsecured loan, which are repayable on demand and its Promoters have issued personal guarantees in relation to same. Any demand for repayment of such unsecured loans may affect its cash flows and financial condition.
The requirements of being a listed entity may strain its resources.
Any future issuance of Equity Shares, or convertible securities or other equity linked securities by it and any sale of Equity Shares by its Promoter may dilute your shareholding and adversely affect the trading price of the Equity Shares.
If there is any change in tax laws or regulations, or their interpretation, such changes may significantly affect its financial statements for the current and future years, which may have a material adverse effect on its financial position, business and results of operations.
Statistical and industry data contained in this Prospectus may be incomplete or unreliable.
There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
The company has not made any alternate arrangements for meeting its working capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the 'objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
Its Registered Office is located on premise which is not owned by the company and has been obtained on leave and license basis. Disruption of sour rights as licensee or termination of the agreements with its licensors would adversely impact the company's operations and, consequently, its business, financial condition and results of operations.
Information related to its installed capacities and the historical capacity utilisation of the company's Manufacturing Units included in this Prospectus is based on various assumptions and estimates and future production and capacity utilisation may vary.

The Issue type of Boss Packaging Solutions Ltd is Fixed Price - SME.

The minimum application for shares of Boss Packaging Solutions Ltd is 2000.

The total shares issue of Boss Packaging Solutions Ltd is 1274000.

Initial public issue* of 12,74,000 equity shares of face value Rs. 10/- each ("Equity Shares") of Boss Packaging Solutions Limited ("The Company" or the "Issuer") for cash at a price of Rs. 66 per equity share (including a securities premium of Rs. 56 per equity share) ("Issue Price"), aggregating up to Rs. 8.41 crores (the "Issue"). 66,000 equity shares aggregating to Rs. 0.44 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 12,08,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 66 per equity share aggregating to Rs. 7.97 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.65 % and 27.17 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 6.6 times of the face value. *Subject to finalisation of basis of allotment

Boss Packaging Solutions Ltd IPOBOSS

Objectives of Boss Packaging Solutions Ltd IPO

Boss Packaging Solutions Ltd IPO Strategy

About Boss Packaging Solutions Ltd

Strengths vs Risks of Boss Packaging Solutions Ltd

Strengths

Risks

Boss Packaging Solutions Ltd Peer Comparison

How to check the allotment status of Boss Packaging Solutions Ltd IPO?

IPO reads

More on IPOs

Latest videos on IPOs

FAQs on IPO

When does Boss Packaging Solutions Ltd IPO open?

What does Boss Packaging Solutions Ltd do?

What is the closed date of Boss Packaging Solutions Ltd IPO?

What are the strengths of Boss Packaging Solutions Ltd?

What are the promoter details of Boss Packaging Solutions Ltd IPO?

What are the risks of Boss Packaging Solutions Ltd?

What is the issue type of Boss Packaging Solutions Ltd IPO?

What is the minimum application for shares of Boss Packaging Solutions Ltd?

Total shares issue of Boss Packaging Solutions Ltd IPO?

What are the objectives of Boss Packaging Solutions Ltd IPO?

Boss Packaging Solutions Ltd IPO