Barflex Polyfilms Limited IPO (Barflex Polyfilms IPO) Detail
Barflex Polyfilms IPO is a book built issue of Rs 39.42 crores. The issue is a combination of fresh issue of 20.53 lakh shares aggregating to Rs 12.32 crores and offer for sale of 45.17 lakh shares aggregating to Rs 27.10 crores.
Barflex Polyfilms IPO bidding started from January 10, 2025 and ended on January 15, 2025. The allotment for Barflex Polyfilms IPO was finalized on Thursday, January 16, 2025. The shares got listed on NSE SME on January 20, 2025.
Barflex Polyfilms IPO price band is set at ₹60 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,14,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,20,000. 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 of the Barflex Polyfilms IPO, while Maashitla Securities Private Limited is the registrar for the issue.The market maker for Barflex Polyfilms IPO is Almondz Global Securities Limited.
Refer to Barflex Polyfilms IPO RHP for detailed information.
Barflex Polyfilms IPO Details
| IPO Date | January 10, 2025 to January 15, 2025 |
| Listing Date | January 20, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 65,69,875 shares (aggregating up to ₹39.42 Cr) |
| Fresh Issue | 20,53,000 shares (aggregating up to ₹12.32 Cr) |
| Offer for Sale | 45,16,875 shares of ₹10 (aggregating up to ₹27.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,26,97,000 shares |
| Share Holding Post Issue | 2,47,50,000 shares |
| Market Maker Portion | 3,35,000 shares Almondz Global Securities Limited |
Barflex Polyfilms IPO Reservation
Barflex Polyfilms IPO offers 65,68,000 shares. 12,48,000 (19%) to QIB, 9,35,000 (14.24%) to NII, 21,82,000 (33.22%) to RII and 18,68,000 (28.44%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 18,68,000 (28.44%) |
| Market Maker Shares Offered | 3,35,000 (5.1%) |
| QIB Shares Offered | 12,48,000 (19%) |
| NII (HNI) Shares Offered | 9,35,000 (14.24%) |
| Retail Shares Offered | 21,82,000 (33.22%) |
| Total Shares Offered | 65,68,000 (100%) |
Barflex Polyfilms IPO Anchor Investors Details
Barflex Polyfilms IPO raises Rs 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 Timeline (Tentative Schedule)
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 January 15, 2025 |
Barflex Polyfilms IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,20,000 |
| Retail (Max) | 1 | 2000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
| Lot Size Calculator | |||
Barflex Polyfilms IPO Promoter Holding
| Share Holding Pre Issue | 92.66% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Barflex Polyfilms Limited
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
- A diverse range of products for industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction.
- Presence across diverse industry verticals with relationships with its clients.
- Widespread market presence
- Organizational stability along with Promoter’s experience.
Company 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 |
| Revenue | 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 | ||||
Key Performance Indicator (KPI)
The market capitalization of Barflex Polyfilms IPO is Rs 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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2024 that is available in RHP.
Objects of the Issue (Barflex Polyfilms IPO Objectives)
The company intends to utilize the Net Proceeds for the following Objects
- Funding capital expenditure towards the purchase of additional plant and machinery
- General Corporate Purpose
Barflex Polyfilms IPO Review May apply
[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…
Barflex Polyfilms IPO Subscription Status (Bidding Detail)
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.
Barflex Polyfilms IPO Prospectus
Barflex Polyfilms IPO Listing Details
| Listing Date | January 20, 2025 |
| BSE Script Code | |
| NSE Symbol | BARFLEX |
| ISIN | INE0QX401014 |
| Final Issue Price | ₹60 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹60.00 |
| Low | ₹60.00 |
| High | ₹63.00 |
| Last Trade | ₹63.00 |
Check IPO Performance…
Barflex Polyfilms Limited Contact Details
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/
Barflex Polyfilms IPO Registrar
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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