The Barflex Polyfilms IPO is set to open for subscription from January 10, 2025, and will close on January 15, 2025. This issue, with a total size of Rs 39.42 crores, comprises a fresh issue of 20.53 lakh shares worth Rs 12.32 crores and an offer for sale of 45.17 lakh shares aggregating Rs 27.10 crores.
The allotment is expected to be finalized on January 16, 2025, with the listing scheduled for January 20, 2025, on the NSE SME. Investors can bid within the price band of ₹57 to ₹60 per share, with a minimum lot size of 2,000 shares. Retail investors will need to invest a minimum of ₹1,20,000, while HNIs are required to invest ₹2,40,000 for a minimum of 4,000 shares. This IPO provides an opportunity to invest in a growing company in the polyfilm industry.
Overview of Contents
Barflex Polyfilms IPO Overview
| IPO Date | January 10, 2025 to January 15, 2025 |
| Listing Date | January 20, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹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 |
| DRHP | Click here |
| RHP | Click here |
Barflex Polyfilms IPO Lot Size
The Barflex Polyfilms IPO offers opportunities for both retail and high-net-worth individuals (HNIs) to participate. The retail investors can apply for a minimum of 1 lot which equals 2,000 shares. The HNI investors are required to apply for a minimum of 2 lots (totaling 4,000 shares). Below is the detailed application structure for the IPO.
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Barflex Polyfilms IPO Dates
| Event | Date | Additional Information |
|---|---|---|
| IPO Open Date | Friday, January 10, 2025 | IPO opens for subscription to the public. |
| IPO Close Date | Wednesday, January 15, 2025 | Last date to apply for the IPO. |
| Basis of Allotment | Thursday, January 16, 2025 | Finalization of allotment for the IPO. |
| Initiation of Refunds | Friday, January 17, 2025 | Refund process begins for unallotted shares. |
| Credit of Shares to Demat Account | Friday, January 17, 2025 | Shares will be credited to the Demat accounts. |
| Listing Date | Monday, January 20, 2025 | IPO shares will be listed on NSE SME. |
| Cut-off time for UPI Mandate Confirmation | 5 PM on January 15, 2025 | Last time for retail investors to confirm their UPI mandates. |
Barflex Polyfilms IPO Promoter Holding
The promoters of Barflex Polyfilms are Mr. Jaiwant Bery and Mrs. Nomita Bery, who are the key driving forces behind the company’s growth and success. Their dedication to expanding the company’s footprint in the polyfilm industry has resulted in a strong pre-IPO shareholding position.
As Barflex Polyfilms prepares for its public offering, the shareholding structure will undergo changes, with the post-issue shareholding reflecting the infusion of fresh capital from the IPO.
| Shareholding | Pre-Issue (%) | Post-Issue (%) |
|---|---|---|
| Promoter Holding | 92.66% | Loading |
About Barflex Polyfilms IPO
Incorporated in January 2005, Barflex Polyfilms Limited is a prominent manufacturer of COEX films, laminates, and labels. The company specializes in producing flexible packaging materials for industries such as FMCG, processed foods, pharmaceuticals, cosmetics, and construction. With a focus on innovation and sustainability, Barflex offers a wide range of products, including 3-layer and 5-layer poly films, laminates, vacuum pouches, and PVC shrink labels.
The company operates three manufacturing units in Baddi, Himachal Pradesh, and employs a workforce of 182 individuals. As of May 31, 2024, Barflex plans to expand its offerings to 7-layer films, aiming to become a preferred packaging vendor. The company’s single vendor strategy ensures uniform quality, streamlining production and enhancing consistency for its clients.
Barflex Polyfilms has built a strong reputation for delivering bespoke packaging solutions tailored to the unique needs of its diverse clientele. With a widespread market presence, the company has established enduring relationships with prominent brands across various sectors. Barflex’s commitment to excellence extends beyond products, offering expert guidance on selecting suitable packaging machinery, ensuring optimal efficiency in its customers’ production processes. Through continuous innovation, quality assurance, and customer-centric development, Barflex aims to remain a leading player in the flexible packaging industry.
Barflex Polyfilms IPO Financial Information
The table below outlines the company’s financial performance for the periods ending on November 30, 2024, March 31, 2024, March 31, 2023, and March 31, 2022. This includes important metrics such as assets, revenue, profit after tax, net worth, reserves and surplus, and total borrowing. The consistent growth in assets and revenue over the periods reflects the company’s strong financial position and its ability to generate profits. The reduction in borrowings and increase in reserves further highlight its robust financial health.
| Particulars | 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 | ₹16.50 | ₹25.87 |
| Amount in ₹ Lakhs |
Barflex Polyfilms IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE | 25.44% |
| ROCE | 27.21% |
| RoNW | 25.44% |
| PAT Margin | 14.73 |
| Price to Book Value | 2.13 |
Peer Comparison
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs) | 7.15 | 8.18 |
| P/E (x) | 8.39 | 7.34 |
Objects of the Issue
- Funding capital expenditure towards the purchase of additional plant and machinery
- General Corporate Purpose
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
Barflex Polyfilms IPO FAQs
What is the IPO issue size of Barflex Polyfilms?
The Barflex Polyfilms IPO issue size is ₹39.42 crores, which includes both a fresh issue and offer for sale. The fresh issue comprises ₹12.32 crores, and the offer for sale stands at ₹27.10 crores.
What is the price band for Barflex Polyfilms IPO?
The price band for the Barflex Polyfilms IPO is set at ₹57 to ₹60 per share.
What is the lot size for Barflex Polyfilms IPO?
The minimum lot size for the Barflex Polyfilms IPO is 2,000 shares, requiring a minimum investment of ₹1,20,000.
What are the dates for Barflex Polyfilms IPO?
The IPO opens on January 10, 2025, and closes on January 15, 2025. The listing date is expected to be January 20, 2025.
Where will Barflex Polyfilms IPO be listed?
The Barflex Polyfilms IPO will be listed on the NSE SME platform.
Who are the promoters of Barflex Polyfilms?
The promoters of Barflex Polyfilms are Mr. Jaiwant Bery and Mrs. Nomita Bery.
What is the minimum investment amount for retail investors in Barflex Polyfilms IPO?
Retail investors can apply for a minimum of 1 lot (2,000 shares), which amounts to ₹1,20,000.
What is the expected allotment date for Barflex Polyfilms IPO?
The allotment date is expected to be January 16, 2025.
What are the use of proceeds from Barflex Polyfilms IPO?
The proceeds from the IPO will be used for purposes such as acquiring businesses, capital expenditure, technology investments, marketing, and general corporate purposes.