Barflex Polyfilms IPO Overview

Barflex Polyfilms IPO is a book built issue of Rs39.42 crores. The issue is a combination of fresh issue of 20.53 lakh shares aggregating to Rs12.32 crores and offer for sale of 45.17 lakh shares aggregating to Rs 27.10 crores.

Barflex Polyfilms IPO bidding opened for subscription on January 10, 2025 and will close on January 15, 2025. The allotment for the Barflex Polyfilms IPO is expected to be finalized on Thursday, January 16, 2025. Barflex Polyfilms IPO will list on NSE SME with tentative listing date fixed as Monday, January 20, 2025.

Barflex Polyfilms IPO price band is set at ₹57 to ₹60 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹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 Important dates

IPO Open Date Friday, January 10, 2025
IPO Close Date Wednesday, January 15, 2025
Basis of Allotment Thursday, January 16, 2025
Initiation of Refunds Friday, January 17, 2025
Credit of Shares to Demat Friday, January 17, 2025
Listing Date Monday, January 20, 2025
Cut-off time for UPI mandate confirmation 5 PM on January 15, 2025

Barflex Polyfilms IPO Financial Performance

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

 Barflex Polyfilms IPO Key Performance Indicator

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

Note:

  • 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.

Barflex Polyfilms IPO Objectives

The company intends to utilize the Net Proceeds for the following Objects

  1. Funding capital expenditure towards the purchase of additional plant and machinery
  2. General Corporate Purpose

 Barflex Polyfilms IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 Details

IPO Date January 10, 2025 to January 15, 2025
Listing Date [.]
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
Almondz Global Securities Limited

Barflex Polyfilms IPO Company Overview and Services

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.

 Barflex Polyfilms IPO SWOT Analysis

Strengths:

  • Consistent Revenue Growth: The company has demonstrated consistent revenue growth in recent years, indicating strong demand for its products.
  • Focus on Specialty Films: Barflex Polyfilms specializes in the manufacturing of specialty films, which are used in various industries such as pharmaceuticals, food packaging, and electronics. This focus on niche segments can provide a competitive advantage.
  • Experienced Management Team: The company has a team of experienced professionals with expertise in the plastics and packaging industry.
  • Strong Financial Performance: Barflex Polyfilms has shown strong financial performance with increasing profitability in recent years.

Weaknesses:

  • Dependence on Raw Material Prices: The company’s profitability is significantly impacted by fluctuations in raw material prices, such as resin and other petrochemicals.
  • Competition: The plastics and packaging industry is highly competitive, with both domestic and international players vying for market share.
  • Regulatory Risks: Changes in government regulations related to plastics and packaging could impact the company’s operations and profitability.
  • Limited Geographic Reach: The company may have limited geographic reach, which could restrict its growth potential.

Opportunities:

  • Expanding Product Portfolio: The company can expand its product offerings to cater to new market segments and increase its revenue streams.
  • Geographic Expansion: Barflex Polyfilms can expand its operations to new domestic and international markets to capture a larger market share.
  • Technological Advancements: The company can invest in research and development to adopt new technologies and improve the quality and efficiency of its production processes.
  • Strategic Partnerships: Collaborating with other companies in the supply chain or end-use industries can provide access to new markets and resources.

Threats:

  • Economic Slowdown: A slowdown in the global or Indian economy could negatively impact demand for the company’s products.
  • Environmental Concerns: Growing environmental concerns related to plastic waste could impact the demand for plastic packaging and lead to stricter regulations.
  • Currency Fluctuations: Fluctuations in foreign exchange rates could impact the company’s profitability, especially if it has significant international operations.
  • Technological Disruptions: The emergence of new and innovative packaging materials could disrupt the market and pose a threat to the company’s existing products.

Barflex Polyfilms IPO GMP Details

Barflex Polyfilms SME IPO last GMP is ₹0, last updated Jan 10th 2025 12:32 PM. With the price band of 60.00, Barflex Polyfilms SME IPO’s estimated listing price is ₹60 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

We update GMP on a daily basis and based on last 5 sessions grey market activities, today IPO GMP trend, no major movement is observed in GMP, expect same trend till listing day. Stay with us to know the daily price trend of Barflex Polyfilms SME IPO GMP with expected listing     price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
10-01-2025 Open 60.00 ₹0  — ₹60 (0%) 10-Jan-2025 12:32
09-01-2025 60.00 ₹0  — ₹60 (0%) 9-Jan-2025 22:27
08-01-2025 60.00 ₹0  — ₹60 (0%) 8-Jan-2025 22:25
07-01-2025 60.00 ₹0  — ₹60 (0%) 7-Jan-2025 22:29
06-01-2025 60.00 ₹0  — ₹60 (0%) 6-Jan-2025 22:28

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Barflex Polyfilms IPO Subscription Status

Barflex Polyfilms IPO subscribed 0.91 times. The public issue subscribed 1.65 times in the retail category, 0 times in QIB, and 0.41 times in the NII category by January 10, 2025  (Day 1).

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Anchor Investors 1 18,68,000 18,68,000 11.208 –
Qualified Institutions 0 12,48,000 0 0 0
Non-Institutional Buyers*** 0.41 9,35,000 3,86,000 2.316 70
Retail Investors 1.65 21,82,000 36,02,000 21.612 1,801
Total ** 0.91 43,65,000 39,88,000 23.928 1,871

Barflex Polyfilms IPO Allotment status

Barflex Polyfilms IPO allotment is expected on Thursday, January 16, 2025.

Barflex Polyfilms IPO allotment status is not available at this time. Barflex Polyfilms IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Barflex Polyfilms Limited IPO allotment status.

Barflex Polyfilms IPO 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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

Want to Raise money for your company through SME IPO? Read More