Boss Packaging Solutions Ltd provides packaging machines & solutions suitable for Pharma, FMCG and Pesticides industries.
The minimum lot size for the application is 2000 shares & the minimum IPO application amount is Rs. 1.32 lakh
Ahmedabad: Boss Packaging Solutions Ltd, an Ahmedabad-based Packaging Machines Manufacturing & Solution company, plans to raise Rs. 8.41 crore from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange. The public issue opens for subscription on August 30 and closes on September 03. The Proceeds of the public issue will fund the company’s working capital requirement, additional CNC equipment and general corporate purposes. Fedex Securities Private Limited is the book-running lead manager of the issue.
The initial public offering of Rs. 8.41 crore comprises a fresh issue of 1,274,000 shares of face value of Rs. 10 each. The company has finalised a price of Rs. 66 per equity share for the public issue. The minimum lot size for retail investors is 2000 shares, amounting to a minimum investment of Rs 1,32,000. The minimum lot size investment for HNI is 2 lots (4000 shares), amounting to Rs 2,64,000.
Incorporated in January 2012, Boss Packaging Solutions Limited manufactures, supplies, and exports a variety of packaging, capping, and filling machines. They also offer self-adhesive sticker labelling machines, conveyors, turntables, web sealers, and sleeve applicators.
| IPO Highlights – Boss Packaging Solutions Limited | |
| IPO Opens on | August 30, 2024 |
| IPO Closes on | September 03, 2024 |
| Issue Price | Rs. 66 Per Share |
| Issue Size | 12.74 lakh shares – up to Rs. 8.41 crore |
| Lot Size | 2000 Shares |
| Listing on | NSE Emerge Platform of National Stock Exchange |
The company has a full packaging line that includes automatic liquid packaging, cream/lotion packaging, honey packaging, paint packaging, flavoured milk packaging, syrup packaging, pesticides and chemicals packaging, sanitiser packaging, lubricant oil packaging, edible oil packaging, ghee packaging and sauce packaging.
The company has expanded its packaging machines portfolio, which includes a comprehensive range of packaging machinery such as industrial packaging machines with Semi-Automatic or fully automatic Liquid Filling Machines, Screw or ROPP Capping machines, Pick and Place Screw Capping Machines. Wide range of Self-Adhesive Sticker Labelling Machines, Hologram Applicator Machines, Shrink Sleeve Applicator Machines, Conveyors and Turn Tables, Air Jet Cleaning Machine, Semi-Automatic or automatic shrink-wrapping machines (Web Sealer), Electric Tunnels and Winder Rewinder and customized atomization to cater to diverse customer requirements.
Presently, the company supplies 18 states and 3 UTs, in addition to exports, and has a pan-India presence for marketing and support services under its own brand.
The company supplies its products to industries such as edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquid, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries.
The company has well-equipped machine manufacturing facilities along with a registered office in Ahmedabad, Gujarat, India.
Business Highlights:
The company’s revenue from operations for Fiscal 2024 and Fiscal 2023 was Rs. 12.17 crores and Rs. 10.33 crores, respectively. EBIDTA for Fiscal 2024 and Fiscal 2023 was Rs. 1.55 crore and Rs. 1.43 crore, respectively. Profit after tax for Fiscal 2024 and Fiscal 2023 was Rs. 1.01 crore and Rs. 1.00 crore, respectively.
As of March 2024, the company’s Net Worth was reported at Rs. 4.52 crore and Reserves & Surplus at Rs. 1.35 crore. As of March 2024, the ROE of the company was 22.31%, ROCE was 28.99%, and RoNW was 22.31%. The company’s shares will be listed on NSE’s Emerge platform.
With the IPO priced at Rs. 66 per share and EPS of Rs. 3.38 per share for FY2024, the PE ratio is around 19.54. Industry PE is around 54 times. The price-to-book value is 4.62 times.
