Boss Packaging Solutions Limited embarked on its journey in 2012 as a manufacturer of filling and sticker labeling machines. Over the years, the company has expanded its offerings to include a diverse range of packaging equipment, such as capping machines, self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators. With a pan-India sales and distribution network, Boss Packaging Solutions is well-established in the packaging machinery industry. The company is now preparing for its Initial Public Offering (IPO). Here’s a detailed look at the IPO.

IPO Overview

The Boss Packaging Solutions IPO is a fixed-price issue totaling ₹8.40 Crores. This comprises:

Fresh Issue: 12.74 Lakh shares

The subscription period for the IPO runs from August 30, 2024, to September 03, 2024. The allotment is expected to be finalized on September 04, 2024, with shares listed on the NSE SME and a tentative listing date of September 06, 2024.

The share price for the IPO is fixed at ₹56 per equity share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹112,000, while High-Net-Worth Individuals (HNIs) need to invest in 2 lots (4,000 shares), amounting to ₹224,000.

Lead Manager and Registrar

FEDEX SECURITIES PRIVATE LIMITED is the book-running lead manager.

KFIN TECHNOLOGIES LIMITED is the registrar for the issue.

B.N. Rathi Securities Limited will act as the Market Maker for the IPO.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Boss Packaging Solutions is expected to range between ₹45 and ₹50. It is important to understand that GMP reflects informal market demand and supply and is not a reliable indicator of the actual listing price. The GMP is provided here for educational and informational purposes only.

Live Subscription Status

As of 08:15 PM on September 03, 2024, the Boss Packaging Solutions IPO has been subscribed 134.60 times on its last day of the subscription period. For the latest subscription status, investors can visit the NSE website.

Allotment Status

The IPO allotment for Boss Packaging Solutions is scheduled for September 04, 2024. Investors can check their allotment status by:

Navigating to the IPO allotment status page.

Selecting Boss Packaging Solutions Limited IPO from the dropdown list.

Entering the application number, PAN, or DP Client ID.

Submitting the details to view the allotment status.

Objectives of the IPO

The proceeds from the fresh issue will be allocated as follows:

₹333.70 Lakhs for purchasing new machinery.

₹300.00 Lakhs for funding working capital.

₹142.14 Lakhs for general corporate purposes.

Financial Performance and Valuation

Boss Packaging Solutions has demonstrated solid financial growth:

Revenue increased from ₹548.21 Lakhs in FY22 to ₹1,034.71 Lakhs in FY23, and currently stands at ₹1,217.54 Lakhs in FY24.

EBITDA grew from ₹69.19 Lakhs in FY22 to ₹143.69 Lakhs in FY23, and is now at ₹155.57 Lakhs in FY24.

PAT rose from ₹41.77 Lakhs in FY22 to ₹100.51 Lakhs in FY23, with a slight increase to ₹101.04 Lakhs in FY24.

For the IPO, shares are offered at a pre-issue EPS of ₹3.38 and a post-issue EPS of ₹2.27. The pre-issue P/E ratio is 19.53x, while the post-issue P/E ratio is 29.07x compared to the industry P/E ratio of 43.38x. The company’s Return on Capital Employed (ROCE) for FY24 is 28.99%, and Return on Equity (ROE) is 22.31%. These metrics suggest that the IPO is fairly priced.

Investment Recommendation

The Grey Market Premium (GMP) indicates potential listing gains of 70% - 75%. Considering the company's financial performance and IPO valuation, it is advisable for risky investors to apply for the Boss Packaging Solutions Limited IPO for potential listing gains or long-term investment.

For more information on the latest IPOs and financial updates, visit Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.

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