Boss Packaging Solutions IPO: issue date, price, and lot size

If you're considering how to invest in IPOs, the upcoming newly listed IPO from Boss Packaging Solutions is one to keep an eye on. This fixed-price issue, valued at ₹8.41 crores, presents a fresh issue of 12.74 lakh shares. The subscription period begins on 30 August 2024 and ends on 3 September 2024, with allotment expected to be finalised on 4 September 2024. Priced at ₹66 per share, retail investors can participate with a minimum lot size of 2000 shares, requiring an investment of ₹132,000. 

High-net-worth individuals (HNIs) can invest in multiples, with a minimum investment of ₹264,000. As we explore the details of this Boss Packaging Solutions Limited IPO, including its listing on the NSE SME on 6 September 2024, you'll gain insight into whether this could be a worthwhile addition to your investment portfolio.

Boss Packaging Solutions IPO details

For the Boss Packaging Solutions IPO, investors can apply for at least 2000 shares and in multiples after that. The table below outlines the minimum and maximum investments required for both retail investors and high-net-worth individuals (HNIs), detailing the share quantities and corresponding amounts.

Boss Packaging Solutions IPO timeline

The IPO subscription period begins and concludes within a specified window. The allotment is expected shortly after the subscription closes, with the listing on the stock exchange scheduled a few days after that. Please refer to the table below for detailed timeline information.

Boss Packaging Solutions Limited IPO review

Incorporated in January 2012, Boss Packaging Solutions Limited specialises in manufacturing, supplying, and exporting a diverse range of packaging, capping, and filling machines. Their product lineup includes self-adhesive sticker labelling machines, conveyors, turntables, web sealers, and sleeve applicators. Serving multiple industries, their solutions cater to sectors such as edible oil, lubricants, chemicals, cosmetics, pharmaceuticals, and more. Over the past three fiscal years, Boss Packaging has supported 70, 60, and 50 customers, respectively, demonstrating their robust industry presence and commitment to providing comprehensive packaging solutions.

Boss Packaging Solutions Private Limited financials

Boss Packaging Solutions Limited experienced a 17.67% increase in revenue and a 0.53% increase in profit after tax between the financial years ending on 31 Mar 2024 and 31 Mar 2023. This growth highlights the company's continued progress and stability in financial performance over the past year.

Should you invest in Boss Packaging Solutions Private Limited IPO?

Boss Packaging Solutions Limited is set to launch its IPO with a market capitalisation of ₹29.35 crores. The company's financial metrics as of 31 Mar 2024 reflect robust performance. Key Performance Indicators include a Return on Equity (ROE) of 22.31%, a Return on Capital Employed (ROCE) of 28.99%, and a Debt-to-Equity ratio of just 0.14, indicating a solid financial foundation. The Profit After Tax (PAT) margin stands at 8.3%, while the Price-to-Book Value (P/BV) ratio is 4.62.

In terms of earnings, the Pre-IPO Earnings Per Share (EPS) is ₹3.19, with a Price-to-Earnings (P/E) ratio of 20.72. Post-IPO, the EPS is projected to be ₹2.27, with a higher P/E ratio of 29.04. This suggests a shift in valuation expectations following the IPO. The Boss Packaging Solutions IPO GMP has not yet started. We are updating the GMP information daily. For the latest updates on the Boss Packaging Solutions IPO GMP, keep checking our website.

The proceeds from the IPO will be allocated towards purchasing new machinery, funding working capital needs, and general corporate purposes. If you're considering investing, the company's strong financial metrics and strategic use of IPO funds could be promising. However, it's essential to evaluate these factors in the context of your investment strategy and risk tolerance.

Final thoughts

If you're exploring opportunities to invest in IPOs, Boss Packaging Solutions Limited offers a notable prospect with its upcoming newly listed IPO. With a fixed price of ₹66 per share and a total issue value of ₹8.41 crores, the IPO provides a chance to invest in a company with solid financial metrics and a diverse product portfolio. The subscription period is set to run from 30 August to 3 September 2024, with the listing anticipated shortly after that.

Boss Packaging Solutions has demonstrated consistent growth, reflected in its recent revenue and profit increases. The company's strong financial indicators, including a high Return on Equity (ROE) and low Debt-to-Equity ratio, signal a stable investment opportunity. The funds from the IPO will be used to enhance operational capabilities and support corporate activities.

Before making a decision, review the detailed financial performance and IPO specifics in the provided tables and assess how they align with your investment goals and risk appetite. This IPO could be a compelling addition to your portfolio, but thorough consideration is essential.

FAQs

1. What is the minimum investment required for retail investors in the Boss Packaging Solutions IPO?

Retail investors can participate in the Boss Packaging Solutions IPO with a minimum investment of ₹132,000. This corresponds to a lot size of 2000 shares at a price of ₹66 per share.

2. When does the subscription period for the Boss Packaging Solutions IPO begin and end?

The subscription period for the Boss Packaging Solutions IPO starts on August 30, 2024, and concludes on September 3, 2024.

3. What is the expected listing date for Boss Packaging Solutions shares on the NSE SME?

Boss Packaging Solutions shares are anticipated to be listed on the NSE SME on September 6, 2024.