The Barflex Polyfilms IPO is a book-built issue with a total size of ₹39.42 crores. It includes a fresh issue of 20.53 lakh shares, amounting to ₹12.32 crores, and an offer for sale (OFS) of 45.17 lakh shares, aggregating ₹27.10 crores. The IPO opens for subscription on January 10, 2025, and closes on January 15, 2025. The allotment is expected to be finalized on January 16, 2025, with a tentative listing date set for January 20, 2025. The shares will be listed on the NSE SME platform, offering investors the chance to participate in the company’s growth.
The IPO is priced within a band of ₹57 to ₹60 per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹1,20,000, while high-net-worth investors (HNIs) need to apply for at least 2 lots (4,000 shares), amounting to ₹2,40,000. This makes it accessible for a broad range of investors.
Almondz Financial Services Ltd. serves as the book-running lead manager, ensuring the smooth handling of the issue. Maashitla Securities Private Limited acts as the registrar, while Almondz Global Securities Limited is the market maker for the IPO. Investors looking to diversify their portfolios should consider the Barflex Polyfilms IPO as a potential opportunity. However, reviewing the Red Herring Prospectus (RHP) is advised for a detailed understanding before making investment decisions.
For detailed information, please refer to the Barflex Polyfilms IPO Red Herring Prospectus (RHP).
Barflex Polyfilms IPO Details
IPO Date | January 10, 2025 to January 15, 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 |
Barflex Polyfilms IPO Timeline
The Barflex Polyfilms IPO will open for subscription on January 10, 2025, and close on January 15, 2025.
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 |
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 Lot Size
Investors can place bids starting with a minimum of 2,000 shares, and bids can be made in multiples of 2,000 thereafter. The table below outlines the minimum and maximum investment requirements for retail investors and high-net-worth individuals (HNIs) in terms of shares and corresponding amounts.
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 |
About Barflex Polyfilms Limited
Incorporated in January 2005, Barflex Polyfilms Limited specializes in the manufacture of COEX films, laminates, and labels. The company produces flexible packaging materials primarily catering to industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction.
Barflex Polyfilms is known for producing high-quality 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. The company plans to expand its product portfolio by introducing 7-layer films, aiming to become the preferred packaging vendor for its clients.
The company’s customer base includes several well-established brands across various sectors in the domestic market, providing a strong foundation for continued growth.
With three manufacturing units located in Baddi, Himachal Pradesh, Barflex Polyfilms has developed a robust operational presence. As of May 31, 2024, the company employs 182 people, including 102 full-time employees and 80 contract workers, demonstrating a stable and dedicated workforce.
Competitive Strengths
- Diverse Product Range: Barflex Polyfilms offers a wide variety of products across multiple industries, including FMCG, processed foods, pharmaceuticals, and more.
- Industry Presence: The company has built strong relationships with its clients across various industry verticals, helping to maintain long-term partnerships.
- Widespread Market Presence: The company has established a solid market presence, contributing to its reputation and customer trust.
- Organizational Stability: Barflex Polyfilms boasts a stable organizational structure, supported by the extensive experience of its promoters in the packaging sector.
With its diverse product offerings and expanding manufacturing capabilities, Barflex Polyfilms is well-positioned for future growth and continued success in the packaging industry.
FAQs for Barflex Polyfilms IPO
What is the Barflex Polyfilms IPO?
The Barflex Polyfilms IPO is a book-built issue with a total size of ₹39.42 crores. It includes a fresh issue of 20.53 lakh shares aggregating ₹12.32 crores and an offer for sale (OFS) of 45.17 lakh shares, aggregating ₹27.10 crores. This IPO provides an opportunity for investors to participate in the company’s growth.
When does the Barflex Polyfilms IPO open and close for subscription?
The Barflex Polyfilms IPO opens for subscription on January 10, 2025, and closes on January 15, 2025.
What is the price band for the Barflex Polyfilms IPO?
The price band for the Barflex Polyfilms IPO is set between ₹57 and ₹60 per share.
What is the minimum investment required for the Barflex Polyfilms IPO?
The minimum investment for the Barflex Polyfilms IPO is ₹1,20,000 for retail investors, which corresponds to a minimum lot size of 2,000 shares.
What is the minimum lot size for the Barflex Polyfilms IPO?
The minimum lot size for the Barflex Polyfilms IPO is 2,000 shares, and investors can place bids in multiples of 2,000 shares.
When will the allotment for the Barflex Polyfilms IPO be finalized?
The allotment for the Barflex Polyfilms IPO is expected to be finalized on January 16, 2025.
On which stock exchange will the Barflex Polyfilms IPO be listed?
The Barflex Polyfilms IPO shares will be listed on the NSE SME platform.
What is the tentative listing date for the Barflex Polyfilms IPO?
The tentative listing date for the Barflex Polyfilms IPO is January 20, 2025.