Schedule of Boss Packaging Solutions
| Issue open date | 30 Aug 2024 |
| Issue close date | 03 Sep 2024 |
| UPI mandate deadline | 03 Sep 2024 (5 PM) |
| Allotment finalization | 04 Sep 2024 |
| Refund initiation | 05 Sep 2024 |
| Share credit | 05 Sep 2024 |
| Listing date | 06 Sep 2024 |
| Mandate end date | 18 Sep 2024 |
| Lock-in end date for anchor investors (50%) | 04 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 03 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Boss Packaging Solutions
Established in January 2012, the company specializes in manufacturing, supplying, and exporting a wide range of packaging machinery, including filling and capping machines, labelling equipment, conveyors, and shrink-wrapping systems. The company serves a wide range of industries, including edible oils, lubricants, chemicals, cosmetics, home care, pharmaceuticals, viscous liquids, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries. Products are offered under the “Boss” brand and through white-label partnerships.
Financials of Boss Packaging Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹8.41 crores |
| Fresh Issue | ₹8.41 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of machinery | 3.34 (39.71%) |
| Working capital requirements | 3.00 (35.67%) |
| Issue related expenses | 0.65 (7.73%) |
| General corporate purposes | 1.42 (16.89%) |
Strengths
- Strong marketing and distribution network: The company has a robust marketing and distribution network, supported by an in-house sales and after-sales service team that handles installation and customer support.
- Diversified product portfolio: The company offers a broad range of packaging machinery, allowing customers to source most of their packaging needs from a single provider, which helps expand its reach.
- Diversified customer base: Serving multiple industries in India and abroad, the company minimizes its dependence on a single customer, building long-term business relationships.
Risks
- The concentration of operations in Gujarat: The company’s operations are centred in Ahmedabad, making it vulnerable to regional disruptions, potentially impacting business and finances.
- High dependence on working capital: Insufficient cash flow or inability to secure financing could disrupt operations and negatively affect financial stability.
- Regulatory compliance: Failure to obtain, renew, or maintain required permits may lead to operational disruptions and financial losses.
- Unsecured loan repayment: Sudden recall of unsecured loans could strain cash flow and hinder business operations.
- Technology risk: Failure to upgrade equipment and technology on time could lead to inefficiencies and loss of competitiveness.