Boss Packaging Solutions Ltd IPO: Review, Date & GMP

Boss Packaging Solutions IPO-Complete Overview

Boss Packaging Solutions IPO an SME IPO is a fixed price issue of Rs.8.41 crore by Boss Packaging Solutions Ltd. which was founded in January 2012 and produces, distributes, and exports a range of filling, capping, and packaging machines. They also sell conveyors, turntables, web sealers, sleeve applicators, and self-adhesive sticker labeling devices.

Boss Packaging Solutions owner is Mr.Manishbhai Natvarbhai Brahmbhatt who is the Chairman & Managing Director of this company. It is among the few packaging automation companies in India.

The company provides its products to the following industries: agriculture and pesticides, food and related products, edible oil, lubricants, chemicals, cosmetics, homecare, medicines, viscous liquid, juices and dairy, and distilleries and brewers.A range of labeling, packing, filling, and sealing machines, along with complete packaging lines and accessories, are among the products offered by the company and are utilized by different industries.

In the fiscal years 2024, 2023, and 2022, the company provided services to 70, 60, and 50 customers, respectively. By August 2024, the company has sold its equipment in 4 countries, 3 Union Territories, and more than 18 Indian states.

This new SME IPO is to be launched on 30 August 2024, and its ‘initial public offering’ will end on 03 September 2024.

Boss Packaging Solutions IPO Overview

The Rs.8.41 crore Boss Packaging Solutions Pvt Ltd. IPO consists of wholly a fresh issue of 12.74 lac Shares.

This SME IPO date is from August 30-September 03, 2024. The expected IPO listing date is Friday, September 06, 2024, on NSE and SME. Boss Packaging Solutions IPO price band is Rs.66 for each Share.

To open a demat account and apply for the IPO, Click Here.

 

 

Company Financial

The company’s revenue grew by 17.67% and PAT increased by 0.53% for FYs between 31 March 2024 and 31 March 2023.Below is the synopsis of the company's financial data for the period that concluded 31 March 2024.

• The total assets of the company are Rs.766.10 lac.

• The total revenue of the company is Rs.1,217.54 lac.

• The company’s PAT is Rs.101.04 lac.

• The company’s EBITDA is Rs.155.57 lac.

(Amount in lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Product-wise Revenue Breakdown During The Last Three Fiscals

(Amount in lac)

Vertical-wise Revenue Breakdown

(Amount in lac)

 

Geography-wise Revenue Breakdown

(Amount in lac)

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Purchasing equipment

• Meeting working capital needs

• General corporate purposes.

Peers of Boss Packaging Solutions Ltd. 

Evaluation

The IPO price is Rs.66 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.3.38 from the last year, the resulting P/E ratio is 19.53x.

Considering the weighted EPS of Rs.4.28 for the last three years, the P/E ratio is 15.41x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is -54.34x.

In simple words, the P/E ratio of Boss Packaging Solutions IPO (19.53x), can not be compared with the industry’s average P/E of -54.34x because the P/E of the industry is negative. So we can’t say if the company has an overvaluation or undervaluation.

IPO's Strengths 

• A robust network for marketing and distribution

• A varied clientele with a history of enduring relationships

• A varied range of products

• Skilled promoter directors with in-depth industry knowledge.

IPO’s Weaknesses

• If the company does not keep making investments in new machinery and technology, its current machinery and technology may become outdated, and processing costs may rise in comparison to those of its competitors, which could negatively affect its business.

• Any inefficiency on its part in maintaining proper inventory control could harm the company.

• Any type of employee conflict, including work stoppages, demands for higher compensation, or strikes, could harm its operations.

• The Promoters have provided personal guarantees for the Rs. 65.62 lac unsecured loan that the company has obtained. The loan is repayable upon demand. Repayment of such unsecured loans could have an impact on its cash flows and financial standing.

• The company had a negative cash flow from its operating, investing, and financing activities in the past FYs, and sustained negative cash flow could impact its growth and business.

 

 

Boss Packaging Solutions IPO GMP Today

Boss Packaging Solutions IPO GMP is Rs.0 as of 29 August 2024.

IPO Timetable (Tentative)

The IPO date is from August 30 to September 03, 2024, with allotment on September 04, refund initiation on September 05, and listing on September 06, 2024.

 

Boss Packaging Solutions IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on August 30, 2024, close on September 03, 2024, and offer a wholly fresh issue size of 1,274,000 Shares (aggregating up to Rs.8.41 Cr.).

Boss Packaging Solutions IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (2000 Shares) amounting to Rs.132,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (4000 Shares) amounting to Rs.264,000.

 

Boss Packaging Solutions IPO Reservation

 

Promoters And Management of Boss Packaging Solutions Ltd.

• Manishbhai Natvarbhai Brahmbhatt

• Kamlesh Hasmukhbhai Patel

• Ketan Suryakant Thakkar

• Jagrutiben Manishbhai Brahmbhatt

• Bhavikaben Ketan Thakkar

• Premkumar Manishbhai Brahmbhatt.

IPO Lead Managers

• Fedex Securities Pvt Ltd.

Dividend Policy

The company has no dividend distribution system.

Conclusion

The company has experienced negative cash flow in operating, financing, and investing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public. We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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