Barflex Polyfilms IPO will open for subscription on January 10, 2025, and close on January 15, 2025. This IPO follows a Book Built Issue format, with the company aiming to raise approximately ₹39.42 crores. The issue consists of a fresh issue worth ₹12.32 crores and an Offer for Sale (OFS) of up to 45,16,875 equity shares with a face value of ₹10 per share.
IPO Price Band and Quotas
The price band for Barflex Polyfilms IPO is set between ₹57 to ₹60 per share. The allocation of shares is divided into:
- Retail Investors (RII): 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII/HNI): 15%
Key Dates
- IPO Opening Date: January 10, 2025
- IPO Closing Date: January 15, 2025
- Allotment Date: January 16, 2025
- Listing Date: January 20, 2025 on NSE
Financial Performance
Barflex Polyfilms showcased robust financial growth:
- Revenue: ₹116.12 crores in 2024, up from ₹110.41 crores in 2023.
- Net Profit: ₹16.24 crores in 2024, a significant increase from ₹10.13 crores in 2023.
About Barflex Polyfilms IPO
Barflex Polyfilms Limited is an Indian company specializing in the manufacturing of flexible packaging materials. Here’s a summary:
- Core Business: Production of flexible packaging materials, including:
- COEX Films: Multi-layer films offering superior barrier properties for various applications.
- Laminates: Combining different films to achieve specific properties like moisture resistance, puncture resistance, and printability.
- Labels: Including PVC shrink sleeves and BOPP labels.
- Industries Served:
- Fast-Moving Consumer Goods (FMCG)
- Processed Foods
- Pharmaceuticals
- Construction
- Key Strengths:
- Diverse Product Portfolio: Catering to a wide range of customer needs.
- Focus on Innovation: Continuously developing new and improved packaging solutions.
- Quality Control: Stringent quality standards to ensure product reliability.
Barflex Polyfilms IPO Details
| Type | Date |
|---|---|
| IPO Open Date: | January 10, 2025 |
| IPO Close Date: | January 15, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹57 to ₹60 Per Share |
| Issue Size: | Approx ₹39.42 Crores |
| Fresh Issue: | Approx ₹12.32 Crores |
| Offer for Sale: | Approx 45,16,875 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Barflex Polyfilms IPO Market Lot
The minimum market lot for the Barflex Polyfilms IPO is 2,000 shares, requiring an application amount of ₹1,20,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,20,000 |
| Retail Maximum | 1 | 2000 | ₹1,20,000 |
| S-HNI Minimum | 2 | 4000 | ₹2,40,000 |
Barflex Polyfilms IPO Dates
The Barflex Polyfilms IPO is scheduled to open on January 10 and will close on January 15. The IPO allotment will be finalized on January 16, with the company’s shares expected to be listed on the stock exchange on January 20.
| Category | Date |
|---|---|
| IPO Open Date: | January 10, 2025 |
| IPO Close Date: | January 15, 2025 |
| Basis of Allotment: | January 16, 2025 |
| Refunds: | January 17, 2025 |
| Credit to Demat Account: | January 17, 2025 |
| IPO Listing Date: | January 20, 2025 |
Promoters of Barflex Polyfilms IPO
The company is promoted by Mr. Jaiwant Bery and Mrs. Nomita Bery.
Barflex Polyfilms IPO Company Financial Report
The company achieved a revenue of ₹116.12 crores in 2024, marking an increase from ₹110.41 crores in 2023. Additionally, the profit surged to ₹16.24 crores in 2024, compared to ₹10.13 crores in the previous year.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹94.10 | ₹84.32 | ₹7.94 | ₹45.29 |
| 2023 | ₹110.41 | ₹98.05 | ₹10.13 | ₹56.65 |
| 2024 | ₹116.12 | ₹93.21 | ₹16.24 | ₹72.41 |
| November 2024 | ₹78.02 | ₹58.99 | ₹13.49 | ₹88.24 |
Barflex Polyfilms IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 25.44% |
| ROCE: | 27.21% |
| EBITDA Margin: | 16.27% |
| PAT Margin: | 14.73% |
| Debt to equity ratio: | 0.00 |
| Earning Per Share (EPS): | ₹7.15 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.44% |
| Net Asset Value (NAV): | ₹28.12 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Uma Converter Limited | 2.07 | 14.25 | 6.21% | 33.25 | 181.02 Cr. |
| Purv Flexipack Limited | 3.99 | 41.79 | 4.69% | 60.88 | 254.18 Cr. |
Objects of the Issue
- Funding capital expenditures for acquiring additional plant and machinery
- Utilizing funds for general corporate purposes
Barflex Polyfilms IPO Review
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Barflex Polyfilms IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: compliance@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Almondz Financial Services Ltd
Company Address
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/
FAQs on Barflex Polyfilms IPO
The price band for the Barflex Polyfilms IPO is ₹57 to ₹60 per share.
The lot size for the Barflex Polyfilms IPO is 2,000 shares.
The IPO is scheduled to open on January 10, 2025, and close on January 15, 2025.
The company intends to utilize the net proceeds from the fresh issue for:
– Part repayment of debt.
– Funding working capital requirements.
– General corporate purposes.
As with any IPO, there are inherent risks involved.
Industry-specific risks: Competition, raw material price fluctuations, and changes in consumer preferences can impact the company’s performance.
Execution risks: Delays in project implementation or unforeseen challenges can affect the company’s growth plans.
Market risks: Overall market volatility and investor sentiment can significantly impact the stock price after listing.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute investment advice.
