Barflex Polyfilms IPO Jan 10th : IPO GMP Today

Barflex Polyfilms Limited is a leading manufacturer of COEX films, laminates, and labels. The company is going to issue its Initial Public Offering (IPO) on January 10, 2025. The issue is a book-built issue, with the intention of raising Rs 39.42 crores. It includes a new issue of 20.53 lakh shares aggregating Rs 12.32 crores and an offer for sale of 45.17 lakh shares aggregating Rs 27.10 crores.

The issue will close on 15 January 2025 and the allotment is expected to be completed by 16 January 2025. The shares are likely to get listed on NSE SME on 20 January 2025.

The price band for the Barflex Polyfilms IPO is set at ₹57 and ₹60 per share. A minimum lot size application would be 2,000 shares with a minimum investment of ₹1,20,000 for a retail investor. HNIs will have a minimum investment requirement of ₹2,40,000, which is equivalent to two lots or 4,000 shares. Book running lead manager would be Almondz Financial Services Ltd and Maashitla Securities Private Limited the registrar for issue, and the IPO’s market maker is Almondz Global Securities Limited.

The IPO offers promising opportunities for retail and HNI investors with distinct reservations for both categories of investors. QIBs will reserve up to 50% of the shares, while retail investors will account for 35% and HNI will have a reservation of 15% Non-Institutional Investors.

Barflex Polyfilms IPO Issue Details

IPO Details	Information
IPO Date	January 10, 2025 to January 15, 2025
Price Band	₹57 to ₹60 per share
Lot Size	2,000 shares
Total Issue Size	65,69,875 shares (₹39.42 Cr)
Fresh Issue	20,53,000 shares (₹12.32 Cr)
Offer for Sale	45,16,875 shares (₹27.10 Cr)
Listing At	NSE SME
Listing Date	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

About the Company

The company, Barflex Polyfilms Limited, was incorporated in January 2005. Barflex is engaged in the business of manufacturing flexible packaging materials including 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. These are utilized in industries such as FMCG, processed foods, adhesives, pharmaceuticals, cosmetics, and construction. There are three manufacturing units, one at Baddi in Himachal Pradesh. To add more to the capacity, it plans to install 7-layer films.

A large customer franchise portfolio is offered by Barflex Polyfilms-the client list mainly comprised of all famous brands for almost every products under various market segment. Such strong revenue-generating capacity while increasing stability about prospects is showing very healthy trends on the graph as of a year ended and so May 31, 2024 where its employees was a strength of fulltime and contracting laborers’ to 182.

A constantly increasing asset with revenue and then profit after taxes over the previous years is indeed where Barflex Polyfilms has landed. On the date of this report, namely November 30, 2024, Barflex Polyfilms reported a figure of ₹8,823.88 lakhs worth in total assets; the company even recorded a ₹7,802.09 lac revenue figure while the profit-after-tax was just ₹1,349.28 lakhs that shows how proficiently profitable a company can emerge. The net worth and reserves of the company have also increased manifold over the last few years, making the IPO a good investment option.

Investment Details

The Barflex Polyfilms IPO will open for subscription on January 10, 2025, and will close on January 15, 2025. The shares will be allotted on January 16, 2025, and credited to demat accounts on January 17, 2025. The listing date is scheduled for January 20, 2025.

This is a large investment opportunity in Barflex Polyfilms as the company has very strong financials and excellent market position in the packaging industry. It would be considered by retail and HNI investors for long-term growth as the company continues to expand its manufacturing capabilities and client base.