Barflex Polyfilms IPO vs EMA Partners IPO

Comparison between Barflex Polyfilms IPO and EMA Partners IPO.

IPO Details

Barflex Polyfilms IPO is a SME Bookbuilding IPO proposed to list at NSE SME while EMA Partners IPO is a SME Bookbuilding proposed to list at NSE SME.

	Barflex Polyfilms IPO	EMA Partners IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Almondz Financial Services Ltd.	Indorient Financial Services Ltd.
Registrar	Maashitla Securities Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Almondz Global Securities Ltd.	Alacrity Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 EMA Partners IPO is up to ₹72.21 Cr. The final issue price of Barflex Polyfilms IPO is ₹60.00 per share and of EMA Partners IPO is ₹124.00 per share.

	Barflex Polyfilms IPO	EMA Partners IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹57.00 per share	₹117.00 per share
Issue Price (Upper)	₹60.00 per share	₹124.00 per share
Issue Price (Final)	₹60.00 per share	₹124.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	17,18,000 shares	50,27,000 shares
Fresh Issue Size (Amount)	up to ₹10.31 Cr	up to ₹62.33 Cr
OFS Issue Size	45,16,000 shares	7,96,000 shares
OFS Issue Size (Amount)	up to ₹27.10 Cr	up to ₹9.87 Cr
Issue Size Total	62,34,000 shares	58,23,000 shares
Issue Size Total (Amount)	up to ₹37.40 Cr	up to ₹72.21 Cr

IPO Timetable

Barflex Polyfilms IPO opens on Jan 10, 2025, while EMA Partners IPO opens on Jan 17, 2025. The closing date of Barflex Polyfilms IPO and EMA Partners IPO is Jan 15, 2025, and Jan 21, 2025, respectively.

	Barflex Polyfilms IPO	EMA Partners IPO
Anchor Bid Date	Jan 09, 2025	Jan 16, 2025
Issue Open	Jan 10, 2025	Jan 17, 2025
Issue Close	Jan 15, 2025	Jan 21, 2025
Basis Of Allotment (Tentative)	Jan 16, 2025	Jan 22, 2025
Initiation of Refunds (Tentative)	Jan 17, 2025	Jan 23, 2025
Credit of Share (Tentative)	Jan 17, 2025	Jan 23, 2025
Listing date (Tentative)	Jan 20, 2025	Jan 24, 2025
Anchor Lockin End date 1	Feb 15, 2025	Feb 21, 2025
Anchor Lockin End date 2	Apr 16, 2025	Apr 22, 2025

Financials & KPIs

Barflex Polyfilms IPO P/E ratio is 8.39, as compared to EMA Partners IPO P/E ratio of 15.56.

Barflex Polyfilms IPO

EMA Partners IPO

Financials

Barflex Polyfilms Limited Financial Information (Restated)

Period Ended	30 Nov 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,823.88	7,241.01	5,665.06	4,528.96
Total Income	7,802.09	11,612.11	11,040.76	9,410.27
Profit After Tax	1,349.28	1,623.55	1,013.07	794.09
Net Worth	7,732.15	6,382.87	4,759.32	3,746.26
Reserves and Surplus	5,462.45	4,113.17	2,489.62	1,476.56
Total Borrowing	11.51	13.59	16.5	25.87
Amount in ₹ Lakhs

EMA Partners India Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,504.71	7,659.05	5,326.29	5,850.27
Total Income	2,632.9	6,883.45	5,106.16	5,786.52
Profit After Tax	437.22	1,427.3	307.07	1,127.06
Net Worth	5,782.72	5,373.95	3,945.52	3,888.45
Reserves and Surplus	5,806.16	5,397.32	3,992.52	3,939.14
Total Borrowing	723.5	758.02	55.97	389.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.66

86.14

Promoter Shareholding (Post-Issue)

66.73

63.27

P/E Ratio

8.39

15.56

Market Cap

₹148.50 Cr.

₹288.26 Cr.

ROE

25.44%

ROCE

27.21%

Debt/Equity

EPS

₹7.15

₹7.97

RoNW

25.44%

30.63%

Shares Offered

In the Barflex Polyfilms IPO Retail Individual Investors (RII) are offered 21,82,000 shares while in EMA Partners IPO retail investors are offered 21,82,000 shares. Qualified Institutional Buyers (QIB) are offered 12,48,000 shares in Barflex Polyfilms IPO and 11,64,000 shares in EMA Partners IPO.

	Barflex Polyfilms IPO	EMA Partners IPO
Anchor Investor Reserveration	18,68,000 shares	17,46,000 shares
Market Maker Reserveration	3,34,000 shares	3,07,000 shares
QIB	12,48,000 shares	11,64,000 shares
NII	9,36,000 shares	8,74,000 shares
RII	21,82,000 shares	20,39,000 shares
Employee	0 shares	0 shares
Others
Total	62,34,000 shares	58,23,000 shares

Bids Received (Subscription)

Barflex Polyfilms IPO subscribed 151.52x in total, whereas EMA Partners IPO subscribed 221.06x.

	Barflex Polyfilms IPO	EMA Partners IPO
QIB (times)	78.22x	147.69x
NII (times)	373.12x	444.08x
Big NII (times)
Small NII (times)
RII (times)	98.48x	167.35x
Employee (times)
Other (times)
Total (times)	151.52x	221.06x

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