Barflex Polyfilms Ltd. was incorporated on January 24, 2005. The company manufactures COEX films, laminates, and labels, offering flexible packaging for industries like FMCG, pharmaceuticals, cosmetics, and construction. Its key customers include leading domestic brands
| Bidding Dates |
|---|
| 10 Jan 2025 - 15 Jan 2025 |
| Subscription |
|---|
| 140.79x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 2000 | 6.6 M | ₹57 - ₹60 | 66.72 % | ₹374.5 M - ₹394.2 M | RHP DOC |
Barflex Polyfilms IPO SUBSCRIPTION STATUS
15 Jan '25Barflex Polyfilms IPO overall subscription rate was 140.79 times the total available shares
Barflex Polyfilms IPO retail subscription rate was 130.63 times in the retail segment
Barflex Polyfilms IPO non-institutional investor subscription rate was 495.32 times in the non-institutional investor category
Barflex Polyfilms IPO Qualified Institutional Bidder subscription rate was 41.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
15 Jan 2025 (Day 3) | 130.63x | 495.32x | 41.54x |
13 Jan 2025 (Day 2) | 9.2x | 5.23x | - |
10 Jan 2025 (Day 1) | 3.02x | 0.9x | - |
Barflex Polyfilms FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 8MFY25 | 134.9 | 656.8 | 93.1 | 89.8 | 10.7% |
| FY24 | 162.4 | 1,102.3 | 137.4 | 136.4 | 16.3% |
| FY23 | 101.3 | 1,091.7 | 154.0 | 152.7 | 11.1% |
| FY22 | 79.4 | 935.0 | 69.3 | 59.4 | 10.7% |
Barflex Polyfilms IPO SUBSCRIPTION STATUS DETAILS
Barflex Polyfilms had 6.6 M shares on offer
Barflex Polyfilms IPO offer price was in the range ₹57 - ₹60
Barflex Polyfilms IPO minimum Investment was ₹114000
Barflex Polyfilms IPO issue size was ₹ 374.5 M - ₹ 394.2 M
Barflex Polyfilms had a minimum lot size of 2000 Shares per application
Barflex Polyfilms NUMBER OF SHARES ON OFFER
Barflex Polyfilms IPO IMPORTANT DATES
| Issue Open Date | 10 Jan 2025 |
| Issue close Date | 15 Jan 2025 |
| Allotment Date | 16 Jan 2025 |
| Refund Date | 17 Jan 2025 |
| Demat Account Credit Date | 17 Jan 2025 |
| Listing Date | 20 Jan 2025 |
| Listing on Exchange(s) | NSE |
| Barflex Polyfilms Allotment Status | Exchange |
Barflex Polyfilms IPO subscription opened on 10 Jan 2025, and closed on 15 Jan 2025
IPO allotment for Barflex Polyfilms was finalized on Thursday, 16 Jan 2025
IPO listing for Barflex Polyfilms was on NSE on Monday, 20 Jan 2025
Barflex Polyfilms IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 60.0 |
| Listing Close Price | 63.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -8.3% |
Barflex Polyfilms Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Barflex Polyfilms Ltd. | 55 | 136.1 | 34.8 | -0.5 | 1.1 | 4.1 | 2.9 | 121 | 10.1 | 3.9 | -74.7 | 1.6 | -74.7 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
Barflex Polyfilms INFORMATION ON IPO ISSUE
About Barflex Polyfilms
Barflex Polyfilms Ltd. was incorporated on January 24, 2005. The company manufactures COEX films, laminates, and labels, offering flexible packaging for industries like FMCG, pharmaceuticals, cosmetics, and construction. Its key customers include leading domestic brands
Object of the Issue
- Funding capital expenditure towards the purchase of additional plant and machinery out of net proceeds from fresh issue
- General corporate purpose
Barflex Polyfilms - PROMOTERS
| Name |
|---|
| Jaiwant Bery |
| Nomita Bery |
Barflex Polyfilms Lead Manager of the Issue
Almondz Financial Services Limited
merchantbanker@almondz.com
Barflex Polyfilms Registrar to the issue
Maashitla Securities Private Limited
rta@maashitla.com
Barflex Polyfilms Strengths
Diversified product range
The company manufactures flexible packaging materials for diverse industries, including FMCG, pharmaceuticals, and construction. It offers customized, high-quality products, catering to a wide and varied clientele
Diverse industry verticals
The company has established strong relationships with major customers, enabling repeat business and long-term retention. These relationships provide a competitive edge in acquiring new clients and expanding business opportunities
Quality assurance
The company ensures quality through standard raw materials and product specifications while developing anti-tampering packaging. R&D focuses on new product development, integrating consumer preferences to meet client expectations and expand market share
Barflex Polyfilms Risks
Risk of expansion delays
Expanding manufacturing capacity carries risks, such as project delays and management challenges, which could negatively impact the company's business, financial condition, operations, and prospects despite existing systems and controls
Competition
The promoter group entity, Packit, operates in a similar business line without a non-compete agreement. This may lead to potential competition or conflicts of interest, which could negatively impact the company's operations and financial condition
Product demand
The success of the company's products largely relies on the performance of end-use customer products. A decline in demand for these products could significantly impact the company's business, financial condition, and operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 27.1 crore, of 4,516,875 shares. It also consists of a fresh issue of Rs 12.3 crore.
The promoters of the company are Jaiwant Bery and Nomita Bery.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 57.0 - 60.0.
The IPO application opens on Jan 10, 2025 and closes on Jan 15, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 16, 2025.
The refund will be credited to your account on Jan 17, 2025.
The allotted shares will be credited to your demat on Jan 17, 2025.
Barflex Polyfilms Ltd.’s shares listed on the stock exchanges on Jan 20, 2025.