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Barflex Polyfilms IPO vs Indobell Insulations IPO

Comparison between Barflex Polyfilms IPO and Indobell Insulations IPO.

IPO Details

Barflex Polyfilms IPO is a SME Fixed Price IPO proposed to list at NSE SME while Indobell Insulations IPO is a SME Fixed Price proposed to list at BSE SME.

 Barflex Polyfilms IPOIndobell Insulations IPO
LogoBarflex Polyfilms IPO LogoIndobell Insulations IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersAlmondz Financial Services Ltd.Finshore Management Services Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Integrated Registry Management Services Pvt.Ltd.
Market MakerAlmondz Global Securities Ltd.Black Fox Financial Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Barflex Polyfilms IPO is up to ₹37.40 Cr whereas the issue size of the Indobell Insulations IPO is up to ₹9.63 Cr. The final issue price of Barflex Polyfilms IPO is ₹60.00 per share and of Indobell Insulations IPO is ₹46.00 per share.

 Barflex Polyfilms IPOIndobell Insulations IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹57.00 per share
Issue Price (Upper)₹60.00 per share
Issue Price (Final)₹60.00 per share₹46.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size17,18,000 shares20,94,000 shares
Fresh Issue Size (Amount)up to ₹10.31 Crup to ₹9.63 Cr
OFS Issue Size45,16,000 shares0 shares
OFS Issue Size (Amount)up to ₹27.10 Crup to ₹0.00 Cr
Issue Size Total62,34,000 shares20,94,000 shares
Issue Size Total (Amount)up to ₹37.40 Crup to ₹9.63 Cr

IPO Timetable

Barflex Polyfilms IPO opens on Jan 10, 2025, while Indobell Insulations IPO opens on Jan 06, 2025. The closing date of Barflex Polyfilms IPO and Indobell Insulations IPO is Jan 15, 2025, and Jan 08, 2025, respectively.

 Barflex Polyfilms IPOIndobell Insulations IPO
Anchor Bid DateJan 09, 2025
Issue OpenJan 10, 2025Jan 06, 2025
Issue CloseJan 15, 2025Jan 08, 2025
Basis Of Allotment (Tentative)Jan 16, 2025Jan 09, 2025
Initiation of Refunds (Tentative)Jan 17, 2025Jan 10, 2025
Credit of Share (Tentative)Jan 17, 2025Jan 10, 2025
Listing date (Tentative)Jan 20, 2025Jan 13, 2025
Anchor Lockin End date 1Feb 15, 2025
Anchor Lockin End date 2Apr 16, 2025

Financials & KPIs

Barflex Polyfilms IPO P/E ratio is 8.39, as compared to Indobell Insulations IPO P/E ratio of 18.24.

 Barflex Polyfilms IPOIndobell Insulations IPO
Financials

Barflex Polyfilms Limited Financial Information (Restated)

Period Ended30 Nov 202431 Mar 202431 Mar 202331 Mar 2022
Assets8,823.887,241.015,665.064,528.96
Total Income7,802.0911,612.1111,040.769,410.27
Profit After Tax1,349.281,623.551,013.07794.09
Net Worth7,732.156,382.874,759.323,746.26
Reserves and Surplus5,462.454,113.172,489.621,476.56
Total Borrowing11.5113.5916.525.87
Amount in ₹ Lakhs

Indobell Insulation Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,320.221,528.771,232.031,488.6
Total Income556.31,798.572,105.22977.31
Profit After Tax42.39103.2690.0115.34
Net Worth609.49567.09472.63389.37
Reserves and Surplus199.99157.6404.38321.12
Total Borrowing341.84526.92424.34612.79
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.6699.99
Promoter Shareholding (Post-Issue)66.7365.00
P/E Ratio8.3918.24
Market Cap₹148.50 Cr.₹28.98 Cr.
ROE25.44%18.21%
ROCE27.21%28.15%
Debt/Equity0.93
EPS₹7.15₹2.52
RoNW25.44%18.21%

Shares Offered

In the Barflex Polyfilms IPO Retail Individual Investors (RII) are offered 21,82,000 shares while in Indobell Insulations IPO retail investors are offered 21,82,000 shares. Qualified Institutional Buyers (QIB) are offered 12,48,000 shares in Barflex Polyfilms IPO and 0 shares in Indobell Insulations IPO.

 Barflex Polyfilms IPOIndobell Insulations IPO
Anchor Investor Reserveration18,68,000 shares0 shares
Market Maker Reserveration3,34,000 shares1,11,000 shares
QIB12,48,000 shares0 shares
NII9,36,000 shares10,47,000 shares
RII21,82,000 shares10,47,000 shares
Employee0 shares0 shares
Others
Total62,34,000 shares20,94,000 shares

Bids Received (Subscription)

Barflex Polyfilms IPO subscribed 151.52x in total, whereas Indobell Insulations IPO subscribed 54.13x.

 Barflex Polyfilms IPOIndobell Insulations IPO
QIB (times)78.22x
NII (times)373.12x51.31x
Big NII (times)
Small NII (times)
RII (times)98.48x52.37x
Employee (times)
Other (times)
Total (times)151.52x54.13x