Boss Packaging Solutions IPO Day 3: Issue booked 133 times on strong retail demand

Boss Packaging Solutions IPO subscription ended on a robust note as the issue was subscribed 133.38 times on the final day of bidding.

The company received bids for more than 16.11 crore shares against 12.08 lakh shares on offer.

Retail investors drove the strong subscription demand for the IPO, booking their allocation more than 163.01 times. Retail investors bid for more than 9.84 crore shares against 6.04 lakh shares on offer in the segment.

The issue was subscribed 100.41 times by Non-Institutional Investors (NIIs), who bid for 6.06 crore shares against 6.04 lakh shares offered to them.

Boss Packaging Solutions received bids for 20.12 lakh shares from Qualified Institutional Buyers (QIBs) on the final day.

Boss Packaging Solutions IPO offer size and price band

Boss Packaging Solutions IPO is an ₹8.41 crore book-building issue consisting entirely of a fresh issue of 12.47 lakh shares

The price band of the Boss Packaging Solution IPO was fixed at ₹66 apiece.

Boss Packaging Solutions IPO dates

Boss Packaging Solutions Limited IPO subscription window was open from August 30 to September 3. The IPO allotment status is likely to be finalised on September 4.

Refunds for non-allottees will be initiated on September 5. Credit of shares into the demat accounts of successful bidders will also be done on the same day.

Boss Packaging Solutions Limited shares are set to be listed on the NSE SME platform, Emerge, on Friday, September 6.

Boss Packaging Solutions IPO registrar

The registrar of the Boss Packaging Solutions IPO is Kfin Technology Limited whereas Fedex Securities Private Limited is the book-running lead manager.

B.N. Rathi Securities is the market maker for Boss Packaging Solutions IPO.

Boss Packaging Solutions IPO objective

Boss Packaging Solutions wants to use the funds raised through the offering to address a variety of financial needs. This includes procurement of machinery, meeting working capital needs and covering offer-related expenses.

About Boss Packaging Solutions Limited

Boss Packaging Solutions Limited, established in January 2012, specialises in manufacturing, distributing, and exporting a wide range of packaging, capping, and filling machines.

Their product portfolio includes self-adhesive sticker labelling equipment, conveyors, turntables, web sealers, and sleeve applicators for various industries.