Bookbuilding IPO | ₹39 Cr | Listed at NSE SME | Fri, Jan 10, 2025 - Wed, Jan 15, 2025
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 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 for investment in 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 Open
Fri, Jan 10, 2025
IPO Close
Wed, Jan 15, 2025
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹148.50 Cr
| IPO Date | 10 to 15 Jan, 2025 |
| Listed on | Mon, Jan 20, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹60 |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,68,000 shares (agg. up to ₹39 Cr) |
| Reserved for Market Maker | 3,34,000 shares Almondz Global Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 17,18,000 shares (agg. up to ₹10 Cr) |
| Offer for Sale | 45,16,000 shares of ₹10 (agg. up to ₹27 Cr) |
| Net Offered to Public | 62,34,000 shares (agg. up to ₹37 Cr) |
| Share Holding Pre Issue | 2,26,97,000 shares |
| Share Holding Post Issue | 2,47,49,000 shares |
| NSE Symbol | BARFLEX |
| ISIN | INE0QX401014 |
Barflex Polyfilms IPO comprises a total issue size of 65,68,000 shares. The net offer to the public is 62,34,000 shares, after excluding 3,34,000 shares allotted on a firm basis. Of the Net offer 31,16,000 (49.98%) are allocated to QIB, 9,36,000 (15.01%) allocated to NII 21,82,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,16,000 | 49.98% | 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 | 15.01% | 14.25% |
| Retail Shares Offered | 21,82,000 | 35.00% | 33.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,34,000 | 5.09% | |
| Total Shares Offered | 65,68,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
Barflex Polyfilms IPO raises ₹11.21 crore from anchor investors. Barflex Polyfilms IPO Anchor bid date is January 9, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 9, 2025 |
| Shares Offered | 18,68,000 |
| Anchor Portion (₹ Cr.) | 11.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 15, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 16, 2025 |
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 | 88.24 | 72.41 | 56.65 | 45.29 |
| Total Income | 78.02 | 116.12 | 110.41 | 94.10 |
| Profit After Tax | 13.49 | 16.24 | 10.13 | 7.94 |
| NET Worth | 77.32 | 63.83 | 47.59 | 37.46 |
| Reserves and Surplus | 54.62 | 41.13 | 24.90 | 14.77 |
| Total Borrowing | 0.12 | 0.14 | 0.17 | 0.26 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards purchase of additional plant and machinery | 23.07 |
| 2 | General Corporate Purpose | 0.50 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 25.44% |
| ROCE | 27.21% |
| RoNW | 25.44% |
| PAT Margin | 14.73% |
| Price to Book Value | 2.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.15 | 8.18 |
| P/E (x) | 8.39 | 7.34 |
| Promoter Holding | 92.66% | 66.73% |
| Market Cap | ₹148.50 Cr. |
The Barflex Polyfilms IPO is subscribed 151.52 times on January 15, 2025 6:19:59 PM (Day 4). The public issue subscribed 98.48 times in the retail category, 78.22 times in the QIB category, and 373.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 78.22 | 12,48,000 | 9,76,20,000 | 44 |
| NII* | 373.12 | 9,35,000 | 34,88,69,000 | 8,929 |
| Retail | 98.48 | 21,82,000 | 21,48,86,000 | 1,07,443 |
| Total | 151.52 | 43,65,000 | 66,13,75,000 | 1,16,416 |
Total Application : 1,16,416
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.20 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.06 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.05 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.01 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.09 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 1.40 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹60.00 |
| Low | ₹60.00 |
| High | ₹63.00 |
| Last Trade | ₹63.00 |
Lead Manager Reports
Barflex Polyfilms IPO is a SME IPO of 65,68,000 equity shares of the face value of ₹10 aggregating up to ₹39 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Jan 10, 2025, and closes on Wed, Jan 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 Fri, Jan 10, 2025 and closes on Wed, Jan 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 Fri, Jan 17, 2025. Check the Barflex Polyfilms IPO allotment status.
The Barflex Polyfilms IPO listing date is on Mon, Jan 20, 2025.
