Barflex Polyfilms IPO Details
The key details of Barflex Polyfilms’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹39.42 Cr |
| Price Range | ₹57 - ₹60 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,20,000 |
| Pre IPO Promotor Holding | 92.66% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Barflex Polyfilms IPO Timelines
The IPO process for Barflex Polyfilms includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
10/01/2025
Start Date15/01/2025
End Date17/01/2025
Refund Initiation17/01/2025
Credit of Shares to Demat Ac20/01/2025
Listing DateBarflex Polyfilms IPO Lot Size
The Barflex Polyfilms IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹60 per share, requiring ₹120,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹240,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,20,000 |
| Retail Maximum | 1 | 2000 | ₹1,20,000 |
| HNI Minimum | 2 | 4000 | ₹2,40,000 |
Barflex Polyfilms IPO Subscription Status
The subscription status for Barflex Polyfilms IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 78.22x | 373.12x | 98.48x | -- | 151.52x |
IPO Performance on Listing Day
On the listing day (January 20, 2025), Barflex Polyfilms made a flat debut on the stock exchange. The stock opened at ₹60, at par with its issue price. Throughout the trading session, the stock showed gradual upward movement, reaching a high of ₹63 while maintaining stability at its base price. The shares ended their first trading day at ₹63, securing a modest gain of 5% over the issue price, indicating a cautious but steady market response to this packaging solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹60.00 | ₹63.00 | ₹63.00 | ₹60.00 |
Barflex Polyfilms IPO Company Financials
Barflex Polyfilms reports robust performance in FY2024 with Total Income of ₹116.12 crores, managing expenses at ₹93.21 crores, and achieving a strong PAT (Profit After Tax) of ₹16.24 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹94.10 | ₹84.32 | ₹7.94 |
| FY 2023 | ₹110.41 | ₹98.05 | ₹10.13 |
| FY 2024 | ₹116.12 | ₹93.21 | ₹16.24 |
| FY 2025 (10 M) | ₹78.02 | ₹58.99 | ₹13.49 |
About Company
Barflex Polyfilms Limited, established in January 2005, specializes in manufacturing COEX films, laminates, and labels, producing flexible packaging materials for industries such as FMCG, processed foods, pharmaceuticals, cosmetics, and construction. The company serves prominent brands across various sectors, primarily within the domestic market. Its product offerings include 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels.
With plans to expand its offerings to include 7-layer films, Barflex aims to become the preferred packaging vendor for its customers. The company operates three manufacturing units located in Baddi, Himachal Pradesh, and employs 182 individuals, comprising 102 full-time employees and 80 contract workers, as of May 31, 2024.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2005 | Plastic Products | Jaiwant Bery |
Know Before Investing
Barflex Polyfilms IPO Strengths
- Barflex Polyfilms offers a wide variety of products, including COEX films, laminates, and labels, catering to multiple industries.
- With a strong foothold in various sectors such as FMCG, pharmaceuticals, and construction, Barflex has a broad market reach.
- The company benefits from a stable organizational structure and experienced promoters, ensuring effective management and operations.
- Barflex emphasizes quality control in its manufacturing processes, enhancing customer trust and satisfaction.
- Implementation of an Environmental Health and Safety (EHS) policy reflects the company’s commitment to employee welfare and operational sustainability.
Barflex Polyfilms IPO Risks
- The company is involved in a criminal case that could have a material adverse outcome, impacting its operations and reputation.
- Past failures to meet financial performance expectations have led to disputes with investors, raising concerns about future compliance.
- The company previously entered into One-Time Settlements (OTS) with lenders; future financial difficulties could adversely affect operations.
- A significant portion of revenue may come from a limited number of clients, increasing vulnerability to contract losses.
- The company must adhere to various regulations; non-compliance could result in legal penalties and operational disruptions.
Swot Analysis for Barflex Polyfilms IPO
Strengths
Diverse product range, Strong client relationships, Established market presence
Weaknesses
Limited brand recognition, Dependence on specific industries, Recent market entry
Opportunities
Growing demand for flexible packaging, Expansion into new markets, Government support initiatives
Threats
Intense competition in packaging sector, Fluctuations in raw material prices, Regulatory compliance challenges
Company 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/
IPO Registar Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: compliance@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
FAQs
The key objectives of Barflex Polyfilms IPO are:
- Capital expenditure for additional plant and machinery
- General corporate purposes
Almondz Financial Services Ltd is the book-running lead managers for the Barflex Polyfilms IPO.