Fri Sep 06 08:58:52 UTC 2024: – Boss Packaging Solutions IPO had a minimum bid quantity of 2,000 shares, providing successful bidders with a profit of at least ₹33,000 as soon as the stock started trading on the exchange.
– The IPO was oversubscribed over 136 times, with the retail investors’ segment oversubscribed over 165 times and the NIIs category overbooked by nearly 104 times.
– The company planned to use the net proceeds from the IPO for purchasing machinery, funding working capital requirements, and general corporate purposes.
– Boss Packaging Solutions manufactures and supplies packaging machinery to various industries and had a revenue of ₹12.17 crore in FY 2023-24.
– The stock listed at a 25% premium over the issue price and opened at ₹82.5 apiece on the NSE Emerge platform.
– Upstox Securities Private Limited is a subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.

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