IPO Details
Bidding Dates
30 Aug 24 - 03 Sept 24
Price Range ₹
66 - 0
Total Equity
₹ 8.41Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
30 Aug 2024
Offer end
03 Sept 2024
Allotment
04 Sept 2024
Refund initiation
05 Sept 2024
Demat transfer
05 Sept 2024
Listing
06 Sept 2024
Offer start
30 Aug 2024
Offer end
03 Sept 2024
Allotment
04 Sept 2024
Refund initiation
05 Sept 2024
Demat transfer
05 Sept 2024
Listing
06 Sept 2024
About Company
Incorporated in January 2012, Boss Packaging Solutions Limited specializes in the manufacturing, supply, and export of a wide range of packaging, capping, and filling machines. Their offerings also include self-adhesive sticker labeling machines, conveyors, turntables, web sealers, and sleeve applicators. The company's product portfolio features an extensive selection of labeling, packing, filling, and sealing machines, along with accessories and complete packaging lines, catering to various industries. Boss Packaging Solutions serves diverse sectors, including edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquids, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetics and toiletries, as well as distilleries and breweries. The company has supported 70 customers in Fiscal 2024, 60 customers in Fiscal 2023, and 50 customers in Fiscal 2022. As of August 2024, Boss Packaging Solutions has sold its machines across 18 Indian states, 3 Union territories, and 4 countries. As of March 31, 2024, the company employs a total of 64 staff members, including skilled and unskilled labor, administrative personnel, and management.
Year Founded
10-01-2012
Promotor Details
Manishbhai Natvarbhai Brahmbhatt
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 71.35 |
| Share Capital | 3172260 | 3172260 |
Offer to Public
12,74,000.00 Cr
Project Details
- General corporate purposes - 14.214cr
- Purchase of machineries (excluding GST) - 33.07cr
- Funding our Working Capital Requirements - 30cr
Objectives
- (i) Purchase of machineries
- (ii) Funding our Working Capital Requirements
- and(iii) General Corporate Purpose
Highlights
- The company boasts a well-established marketing and distribution network, enabling it to reach a broad customer base across multiple regions. This extensive network ensures efficient product delivery and strong market penetration, helping the company maintain a competitive edge.
- The company serves a wide range of customers across various industries, reducing its dependence on any single market segment. This diversified customer base, coupled with long-standing relationships with clients, fosters customer loyalty and contributes to stable revenue streams.
- The company offers a broad array of products, including labeling, packing, filling, and sealing machines, as well as related accessories. This diversified product portfolio allows the company to cater to various industry needs, making it a one-stop solution provider for its clients.
- The company is led by experienced Promoter Directors who possess extensive knowledge and expertise in the packaging industry. Their strategic vision and deep understanding of the market drive the company's growth and innovation.
- The company is dedicated to maintaining high-quality standards in its products and services. By continuously widening its product range, enhancing manufacturing capabilities, and improving operational efficiencies, the company ensures it meets the evolving demands of its customers and stays ahead in a competitive market. Additionally, the company's increasing geographical presence reflects its focus on expanding its reach and strengthening its market position.
Challenges
- The company’s manufacturing facility is located in Ahmedabad, Gujarat, making its operations highly dependent on this region. Any adverse developments in this area, such as natural disasters, political unrest, or infrastructure challenges, could significantly disrupt production and negatively impact the company’s business, financial performance, and overall financial health.
- The company derives a substantial portion of its revenue from a limited number of key customers. This heavy reliance on a few clients poses a significant risk; the loss of any major customer could lead to a sharp decline in revenue, adversely affecting the company’s business operations and profitability.
- The company’s manufacturing unit is not currently operating at optimal capacity. There is no guarantee that the company will be able to achieve full capacity utilization in the future, which could hinder its growth prospects and financial performance.
- Operating within the capital goods industry, the company is particularly vulnerable to economic downturns. Economic slowdowns can lead to reduced demand for capital goods, impacting the company’s sales and profitability. Additionally, the company has not yet secured orders for the necessary equipment or machinery related to planned capital expenditures. Delays in placing these orders or issues with suppliers could result in significant time and cost overruns.
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Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 534.75 | 1.00 | 100.51 | 100.51 | 6.4429 |
| 2022 | 278.14 | 1.00 | 41.77 | 41.77 | 2.6776 |
| 2021 | 264.52 | 1.00 | 11.38 | 11.38 | 0.7295 |
