Boss Packaging Solutions IPO Subscription Status

Boss Packaging Solutions IPO - Day 3 Subscription at 134.99 Times

Boss Packaging Solutions' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates soaring over the three-day period. Starting modestly on day one, the IPO witnessed a dramatic surge in demand, resulting in an impressive 134.99 times oversubscription by the close of day three. This remarkable response underscores the strong market appetite for Boss Packaging Solutions' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 30th August 2024, has seen exponential growth in investor participation across categories. The retail segment, in particular, has shown overwhelming demand, reflecting high confidence among individual investors in the company's prospects. The Non-Institutional Investors (NII) category has also demonstrated exceptional interest, while data for Qualified Institutional Buyers (QIB) was not provided in the given information.
This enthusiastic response to Boss Packaging Solutions' IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the packaging and manufacturing sector. The company's diverse range of packaging, capping, and filling machines appears to have strongly resonated with investors looking for exposure to India's growing industrial sector.

Subscription Status of Boss Packaging Solutions IPO for Days 1, 2, and 3:

On day 1, Boss Packaging Solutions IPO was subscribed 2.46 times. By the end of day 2, the subscription status had risen to 23.41 times; on day 3, it skyrocketed to 134.99 times.

Here are the subscription details for Boss Packaging Solutions IPO as of Day 3 (3rd September 2024 at 5:57:59 PM):

Note:

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range. 
** The portion of anchor investors (or market makers) is not included in the total number of shares offered.

Key Highlights:

• The IPO of Boss Packaging Solutions is currently subscribed 134.99 times on Day 3, with exceptional demand across investor categories.
• Retail investors have shown overwhelming interest, with a subscription ratio of 163.02 times.
• The Non-Institutional Investors (NII) category subscription performs exceptionally well at 103.64 times.
• The overall subscription trend shows a dramatic increase day-on-day, indicating extremely high investor confidence and positive sentiment towards the issue.

Boss Packaging Solutions IPO - Day 2 Subscription at 23.41 Times

Key Highlights:

• On Day 2, Boss Packaging Solutions' IPO was subscribed 23.41 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed significantly increased interest with a subscription ratio of 40.79 times, more than ten times their subscription from the previous day.
• The Non-Institutional Investors (NII) category subscription improved to 6.03 times, showing growing interest from this segment.
• The overall subscription trend indicated building momentum, with both investor categories showing substantially increased participation.
• The company's strong presence in the packaging solutions sector likely contributed to the growing investor interest.

Boss Packaging Solutions IPO - Day 1 Subscription at 2.46 Times

Key Highlights:

• The IPO of Boss Packaging Solutions was subscribed 2.46 times on Day 1, with strong initial demand from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 3.58 times, indicating positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed initial interest with a subscription ratio of 1.33 times.
• The strong first-day response laid a solid foundation for the remaining days of the IPO, with expectations of increased participation in the following days.
• Market observers noted that the robust opening day response reflected investor confidence in the company's business model and growth prospects in the packaging solutions sector.

Highlights of the Boss Packaging Solutions IPO:

• IPO Date: 30th August 2024 to 3rd September 2024
• Listing Date: 6th September 2024 (Tentative)
• Face Value: ₹10 per share
• IPO Price: ₹66 per share
• Lot Size: 2000 Shares
• Issue Size: 1,274,000 shares (aggregating up to ₹8.41 Cr)
• Fresh Issue: 1,274,000 shares (aggregating up to ₹8.41 Cr)
• Issue Type: Fixed Price Issue IPO
• Listing At: NSE SME
• Minimum investment for retail investors: ₹132,000
• The minimum investment for Non-Institutional Investors (NII): 2 lots (4,000 shares), amounting to ₹264,000
• The market capitalisation of Boss Packaging Solutions IPO is ₹29.35 Cr.
• Book Running Lead Manager: Fedex Securities Pvt Ltd
• Registrar: Kfin Technologies Limited
• Market Maker: B.N. Rathi Securities