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Barflex Polyfilms IPO is a book build issue of ₹39.41 crores. The issue is a combination of fresh issue of 0.21 crore shares aggregating to ₹12.31 crores and offer for sale of 0.45 crore shares aggregating to ₹27.10 crores.
Barflex Polyfilms IPO bidding started from Jan 10, 2025 and ended on Jan 15, 2025. The allotment for Barflex Polyfilms IPO was finalized on Jan 16, 2025. The shares got listed on NSE SME on Jan 20, 2025.
Barflex Polyfilms IPO price band is set at ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Almondz Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Almondz Global Securities Ltd..
Refer to Barflex Polyfilms IPO RHP for detailed Information.
| IPO Date | January 10, 2025 to January 15, 2025 |
| Listing Date | January 20, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹57 to ₹60 per share |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 65,68,000 shares (aggregating up to ₹39.41 Cr) |
| Reserved for Market Maker | 3,34,000 shares Almondz Global Securities Ltd. (aggregating up to ₹2.00 Cr) |
| Fresh Issue (Ex Market Maker) | 17,18,000 shares (aggregating up to ₹10.31 Cr) |
| Offer for Sale | 45,16,000 shares of ₹10 (aggregating up to ₹27.10 Cr) |
| Net Offered to Public | 62,34,000 shares (aggregating up to ₹37.40 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,26,97,000 shares |
| Share Holding Post Issue | 2,47,49,000 shares |
Barflex Polyfilms IPO offers total 65,68,000 shares. Out of which 31,16,000 (47.44%) allocated to QIB, 12,48,000 (19.00%) allocated to QIB (Ex- Anchor), 9,36,000 (14.25%) allocated to NII, 21,82,000 (33.22%) allocated to RII and 18,68,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,34,000 (5.09%) |
| QIB Shares Offered | 31,16,000 (47.44%) |
| − Anchor Investor Shares Offered | 18,68,000 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 12,48,000 (19.00%) |
| NII (HNI) Shares Offered | 9,36,000 (14.25%) |
| Retail Shares Offered | 21,82,000 (33.22%) |
| Total Shares Offered | 65,68,000 (100.00%) |
Barflex Polyfilms IPO raises ₹11.21 crore from anchor investors. Barflex Polyfilms IPO Anchor bid date is January 9, 2025. Barflex Polyfilms IPO Anchor Investors list
| Bid Date | January 9, 2025 |
| Shares Offered | 18,68,000 |
| Anchor Portion Size (In Cr.) | 11.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 15, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 16, 2025 |
Barflex Polyfilms IPO opens on January 10, 2025, and closes on January 15, 2025.
| IPO Open Date | Fri, Jan 10, 2025 |
| IPO Close Date | Wed, Jan 15, 2025 |
| Tentative Allotment | Thu, Jan 16, 2025 |
| Initiation of Refunds | Fri, Jan 17, 2025 |
| Credit of Shares to Demat | Fri, Jan 17, 2025 |
| Tentative Listing Date | Mon, Jan 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 15, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 its customers.
The company has three manufacturing units in Baddi, Himachal Pradesh.
As of May 31, 2024, the company employed 182 individuals, comprising 102 full-time employees and 80 contract workers.
Competitive Strength
| 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 | ||||
The market capitalization of Barflex Polyfilms IPO is ₹148.50 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 25.44% |
| ROCE | 27.21% |
| RoNW | 25.44% |
| PAT Margin | 14.73% |
| Price to Book Value | 2.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.15 | 8.18 |
| P/E (x) | 8.39 | 7.34 |
The company intends to utilize the Net Proceeds for the following Objects
[Dilip Davda] The company is in the business of manufacturing and marketing of flexible packaging materials. Over the years it expanded its product portfolio with additional plants and machinery. It posted steady growth in its top line, but the hefty margins reported by it for all these years raise eyebrows. Based on its recent earnings, the issue relatively appears reasonably priced. The sustainability of the margins reported holds the key for the future trends. Well-informed Investors may park funds for medium term. Read detail review...
| Listing Date | January 20, 2025 |
| BSE Script Code | |
| NSE Symbol | BARFLEX |
| ISIN | INE0QX401014 |
| Final Issue Price | ₹60 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹60.00 |
| Low | ₹60.00 |
| High | ₹63.00 |
| Last Trade | ₹63.00 |
Barflex Polyfilms Ltd.
A-33, Third Floor, FIEE Complex,
Okhla Industrial Area, Phase-II,
Near C Lal Chowk
Delhi, New Delhi, 110020
Phone: +91- 9810021106
Email: info@barflex.co.in
Website: http://www.barflex.co.in/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: compliance@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Barflex Polyfilms IPO is a SME IPO of 65,68,000 equity shares of the face value of ₹10 aggregating up to ₹39.41 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on January 10, 2025, and closes on January 15, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Barflex Polyfilms IPO using UPI as a payment gateway. Zerodha customers can apply in Barflex Polyfilms IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Barflex Polyfilms IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Barflex Polyfilms IPO opens on January 10, 2025 and closes on January 15, 2025.
Barflex Polyfilms IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Barflex Polyfilms IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Barflex Polyfilms IPO will be done on Thursday, January 16, 2025, and the allotted shares will be credited to your demat account by Friday, January 17, 2025. Check the Barflex Polyfilms IPO allotment status.
The Barflex Polyfilms IPO listing date is on Monday, January 20, 2025.
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