Boss Packaging Solutions IPO opens for subscription: Check price band, key dates and more

The initial public offering (IPO) of packaging machines manufacturer Boss Packaging Solutions opened for subscription on Friday. The public offer, a fixed-price issue at ₹66 per share, will conclude on September 3.

The ₹8.41 crore initial share sale is solely a fresh issue of 12.74 lakh shares. There is no offer-for-sale (OFS) component.

The proceeds from the issue will be used to purchase machinery, fund working capital requirements, and for general corporate purposes.

Retail investors can bid for at least 2,000 shares or one lot amounting to ₹1,32,000. High-net-worth individuals can apply for a minimum of two lots worth ₹2,64,000.

Fedex Securities Pvt Ltd is the IPO's book-running lead manager. The company's shares will be listed on the NSE Emerge platform.

About Boss Packaging Solutions

Established in 2012, Boss Packaging Solutions manufactures, supplies, and exports packaging, capping, and filling machines. It also produces self-adhesive sticker labelling machines, turntables, conveyors, sleeve applicators, and web sealers.

The Ahmedabad-based company's product portfolio includes automatic liquid packaging, honey packaging line, cream/lotion packaging line, flavoured milk packaging, paint packaging line, pesticides and chemical packaging line, syrup packaging, sanitiser packaging line, edible oil packaging line, lubricant oil packaging, sauce packaging line and three packaging line.

Boss Packaging's revenue from operations stood at ₹12.17 crore in the financial year 2023-24, and net profit was ₹1.01 crore.