Barflex Polyfilms IPO
- IPO Date10 Jan, 2025 to 15 Jan, 2025
- Listing Date20 Jan, 2025
- Face Value₹10 per share
- Issue Price₹57 to ₹60 per share
- Lot Size2000 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size65,69,875 Shares
(aggregating up to ₹39.42 Cr) - Fresh Issue20,53,000 Shares
(aggregating up to ₹12.32 Cr)
- Offer for Sale45,16,875 Shares
(aggregating up to ₹27.10 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue2,26,97,000
- Shareholding post issue2,47,50,000
IPO Dates
Closing Date
15 Jan, 2025
Initiation of Refunds
17 Jan, 2025
Listing Date
20 Jan, 2025
10 Jan, 2025
Opening Date
16 Jan, 2025
Basis of Allotment
17 Jan, 2025
Credit of Shares
Barflex Polyfilms 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 |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,40,000 |
| Retail (Min) | 1 | 2000 | ₹1,20,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 2000 | ₹1,20,000 |
Barflex Polyfilms Promoter Holding
The promoters of the company are Mr. Jaiwant Bery and Mrs. Nomita Bery.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 92.66% | - |
Barflex Polyfilms COMPANY INFORMATION
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 opens for subscription on January 10, 2025 and closes 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.
Incorporated in January 2005, Barflex Polyfilms 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 our 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
IPO Overview and Key Highlights
Barflex Polyfilms, a leading manufacturer of flexible packaging solutions, is offering its Initial Public Offering (IPO). The IPO consists of a fresh issue of 20,53,000 equity shares and an Offer for Sale (OFS) of 45,16,875 equity shares, aggregating a total of 65,69,875 equity shares. The proceeds from the fresh issue will support capacity expansion, working capital requirements, and other corporate purposes. The shares are proposed to be listed on the NSE Emerge Platform.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: 65,69,875 equity shares
- Face Value: Rs 10 per share
- Offer Opens: January 10, 2025
- Offer Closes: January 15, 2025
- Listing Exchange: NSE Emerge
Company Overview
Incorporated in 2005 and headquartered in New Delhi, Barflex Polyfilms is a pioneer in flexible packaging materials, serving industries such as FMCG, pharmaceuticals, and food processing. Promoters Jaiwant Bery and Nomita Bery lead the company with decades of industry expertise. Barflex is recognized for its innovative and eco-friendly packaging solutions, catering to both domestic and export markets.
Financial Overview
Barflex Polyfilms has demonstrated consistent financial growth, driven by demand for flexible and sustainable packaging solutions. The IPO proceeds will help the company enhance its operational capacity and address working capital requirements.
Key Strengths of Barflex Polyfilms
- Industry Leadership: Long-standing expertise in the flexible packaging segment.
- Eco-Friendly Solutions: Focus on sustainable and innovative packaging products.
- Experienced Promoters: Backed by leadership with significant experience in the industry.
IPO Pros and Cons
Pros
- Sectoral Growth: Rising demand for flexible packaging across industries.
- Proceeds for Expansion: Funds will enhance manufacturing capabilities and meet growing market demand.
- Global Market Presence: Established export relationships boost revenue diversification.
Cons
- Economic Dependency: Revenue tied to FMCG and pharmaceutical industry trends.
- Competitive Landscape: Faces competition from other established players.
- First Public Issue: Uncertainties regarding post-listing performance.
Risk Factors
Potential investors should consider the following risks:
- Market Volatility: Dependence on economic conditions affecting FMCG and food processing industries.
- Operational Challenges: Managing scaling operations and maintaining quality.
- Regulatory Compliance: Adherence to environmental and packaging industry standards.
Conclusion
The Barflex Polyfilms IPO presents an opportunity to invest in a reputed player in the flexible packaging industry. With a strong market presence, experienced leadership, and a focus on innovation, the company is positioned for long-term growth. However, investors should weigh risks associated with market dependency, competition, and regulatory compliance before deciding.
FAQs About Barflex Polyfilms Ipo
Barflex Polyfilms IPO will open on 10 Jan, 2025 and close on 15 Jan, 2025. Investors must apply within this period to participate.
The Barflex Polyfilms IPO price band is set between ₹57.00 and ₹60.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹120000.00.
The Barflex Polyfilms IPO shares are expected to be listed on 20 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Barflex Polyfilms IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Barflex Polyfilms IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.