The Barflex Polyfilms IPO is being presented as a book-built issue amounting to ₹39.42 crores. The issue consists of a combination of a fresh issuance of 20.53 lakh shares aggregating to ₹12.32 crores and an offer for sale of 45.17 lakh shares aggregating to ₹27.10 crores.
The subscription period for the Barflex Polyfilms IPO is scheduled to open on January 10, 2025, and close on January 15, 2025. The allotment of shares is expected to be finalized on Thursday, January 16, 2025. The IPO is planned to be listed on NSE SME, with the tentative listing date set for Monday, January 20, 2025.
A price band of ₹57 to ₹60 per share has been established for the IPO. A minimum lot size of 2,000 shares has been specified, requiring retail investors to invest a minimum of ₹1,20,000. For HNIs, the minimum investment is set at 2 lots (4,000 shares), amounting to ₹2,40,000.
Get the Barflex Polyfilms IPO RHP for detailed information.
| IPO Date | January 10, 2025 to January 15, 2025 |
| Listing Date | January 20, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 57 to ₹ 60 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹39.42 Cr |
| Fresh Issue | ₹12.32 Cr |
| Offer for Sale | ₹27.10 Cr |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,26,97,000 |
| Share holding post issue | 2,47,50,000 |
| Market Maker portion | 3,35,000 |
Barflex Polyfilms Limited IPO opens on January 10, 2025, and closes on January 15, 2025.
| IPO Open Date | January 10, 2025 |
| IPO Close Date | January 15, 2025 |
| Basis of Allotment | -- |
| Initiation of Refunds | -- |
| Credit of Shares to Demat | -- |
| Listing Date | January 20, 2025 |
| Cut-off time for UPI mandate confirmation | -- |
Bids can be placed by investors for a minimum of 2,000 shares and in multiples thereof. The minimum and maximum investments by retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | Rs.120,000 |
| Retail (Max) | 1 | 2,000 | Rs.120,000 |
| S-HNI (Min) | 2 | 4,000 | Rs.240,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 92.66% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
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| Market Maker Shares Offered | |
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| Other Shares Offered | |
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| QIB Shares Offered | |
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| NII (HNI) Shares Offered | |
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| bNII > ₹10L | |
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| sNII < ₹10L | |
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| Retail Shares Offered | |
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| Employee Shares Offered | |
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| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in January 2005, Barflex Polyfilms Limited manufactures COEX films, laminates, and labels. The company produces flexible packaging materials ideal for the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, construction, and others.
The company's primary customers include well-known brands in their sectors and within the domestic market.
The company produces 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. The company plans to add 7-layer films post-expansion to become the preferred packaging vendor for our customers.
| KPI | Values |
|---|---|
| ROE | 25.44% |
| ROCE | 27.21% |
| Debt/Equity | |
| RoNW | 25.44% |
| P/BV | |
| PAT Margin (%) | 14.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.15 | 8.18 |
| P/E (x) | 8.39 | 7.34 |
The Net Proceeds are intended to be utilized for the following objects:
Barflex Polyfilms Limited A-33, Third Floor, FIEE Complex, Okhla Industrial Area, Phase-II, Near C Lal Chowk, New Delhi-110020 Phone: +91- 9810021106 Email: info@barflex.co.in Website: http://www.barflex.co.in/ |
Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: compliance@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
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