IPO

Barflex Polyfilms Limited IPO

NSE SME

Listed On: Jan 20, 2025 at ₹ 60.0

₹ 240000 /4000 Shares
*Min Investment

Check Allotment

10 Jan, 2025

Open Date

15 Jan, 2025

Close Date

16 Jan, 2025

Allotment Date

20 Jan, 2025

Listing Date
Barflex Polyfilms IPO Issue Details
  • Issue Price ₹57-60 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 65,69,875 shares(aggregating up to ₹39.42 crore)
  • Fresh Share 20,53,000 shares(aggregating up to ₹12.32 crore)
  • Offer For Sale 45,16,875 shares(aggregating up to ₹27.1 crore)
  • Listing at NSE SME
  • List Price 60.0
  • Listing Date 2025-01-20
  • Lead Manager Almondz Financial Services Ltd
  • Registrar Maashitla Securities Private Limited
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)12000₹1,20,000
Retail(max)12000₹1,20,000
NII (min) 24,000₹2,40,000
Barflex Polyfilms IPO Reservation

Barflex Polyfilms IPO offers total 65,68,000 shares. Out of which 12,48,000 (19%) allocated to QIB, 9,35,000 (14.24%) allocated to NII,21,82,000 (33.22%) allocated to RII, NA (NA%) allocated to employees and 18,68,000 (28.44%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered18,68,000 (28.44%)
Market Maker Shares Offered3,35,000 (5.1%)
QIB Shares Offered12,48,000 (19%)
NII (HNI) Shares Offered9,35,000 (14.24%)
Retail Shares Offered21,82,000 (33.22%)
Total Shares Offered65,68,000 (100%)
Barflex Polyfilms IPO Documents
DRHP
RHP
Barflex Polyfilms IPO Details


Barflex Polyfilms Limited IPO is an SME IPO, priced at ₹57-60 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 65,69,875 equity shares, aggregating up to ₹39.42 crores..

The IPO bidding window is open from Jan 10, 2025 to Jan 15, 2025. The allotment is expected to be finalized on Jan 16, 2025, and the tentative listing date is Jan 20, 2025.

The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.

Almondz Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Almondz Global Securities Limited will act as the market maker for this issue.

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Barflex Polyfilms IPO Subscription Analysis And Details
Retail
98.48x
Total
151.56x
As onQIB / NIIRetailTotal
Shares Offered / Reserved12,48,000 / 9,35,00021,82,00043,65,800
Day 1 10-01-25 06:00 PM
0.00 / 0.69 x2.40 x1.35 x
Day 2 13-01-25 06:00 PM
0.00 / 3.60 x7.07 x4.31 x
Day 3 14-01-25 06:00 PM
0.00 / 15.69 x17.75 x12.23 x
Day 4 15-01-25 06:00 PM
78.22 / 373.08 x98.48 x151.56 x
Total No of Applications
1,16,416
Barflex Polyfilms Valuations
EPS Pre IPO ₹7.15/-
EPS Post IPO ₹8.18/-
P/E Pre IPO 8.39
P/E Post IPO 7.34
ROE 25.44%
ROCE 27.21%
RoNW 25.44%
PAT Margin 14.73
Price to Book Value 2.13
Barflex Polyfilms Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets7,241.015,665.064,528.96
Revenue11,612.1111,040.769,410.27
Profit After Tax1,623.551,013.07794.09
Net Worth6,382.874,759.323,746.26
Reserves & Surplus4,113.172,489.621,476.56
Total Borrowing13.5916.525.87
About Barflex Polyfilms Company

Barflex Polyfilms Limited was established in January 2005, and the products manufactured are COEX films, laminates, and labels. It produces flexible packaging materials for use in the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, construction, and more.

Major customers are top brands in their respective categories as well as domestic market customers.

The company manufactures 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. The company is going to include 7-layer films after expansion, which will help the company be the preferred packaging vendor for its customers.

The company has three manufacturing units in Baddi, Himachal Pradesh.

The company had employed 182 individuals, out of whom 102 are full-time employees and 80 are contract workers, as on May 31, 2024.

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Barflex Polyfilms - Promoter(s)

Mr. Jaiwant Bery

Mrs. Nomita Bery

Pre Issue Share Holding : 92.66%

Post Issue Share Holding : %

Barflex Polyfilms IPO - Issue Objectives
1

Funding capital expenditure towards the purchase of additional plant and machinery

2

General Corporate Purpose

Barflex Polyfilms IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Barflex Polyfilms Limited7.247.2428.21N/A25.442.14N/A
Uma Converter Limited2.072.0733.2514.256.210.88Consolidated
Purv Flexipack Limited7.247.2428.2141.7925.665.93Consolidated

Notes:

  1. Source for Barflex Polyfilms Limited: Based on the Restated Financial Statements for the year ended March 31, 2024.
  2. P/E Ratio shall be computed at the Issue Price.
  3. RONW has been computed as Net Profit after tax, as restated, divided by Average Net-worth, as restated (Net worth includes share capital and reserves and surplus).
  4. NAV is computed as the net worth as of the end of March 31, 2024, divided by the weighted outstanding number of equity shares as of March 31, 2024.
Contact Details

Barflex Polyfilms

A-33, Third Floor, FIEE Complex, Okhla Industrial Area, Phase-II, Near C Lal Chowk, New Delhi-110020

+91- 9810021106

info@barflex.co.in

http://www.barflex.co.in/

Registrar Contact Details

Maashitla Securities Private Limited

+91-11-45121795-96

Investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues