Barflex Polyfilms Ltd. is set to go live with its initial public offering on Jan. 10, joining the IPO bandwagon of 2025 that has already seen many companies coming up with their public offers. The NSE SME IPO aimed at raising nearly Rs 40 crore from the primary market will be open for subscription till Jan. 15. Those interested in the Barflex Polyfilms IPO must check out these key details before making an investment call.
Barflex Polyfilms IPO: Key Details
The Rs 39.42-crore Barflex Polyfilms IPO combines a fresh issue of 20.53 lakh shares aggregating to Rs 12.32 crore and an offer for sale of 45.17 lakh shares worth Rs 27.10 crore.
The company has allocated 50% of its share offerings to qualified institutional investors (QIBs), 35% to retail investors and the remaining 15% to non-institutional investors.
Barflex Polyfilms is expected to finalise the share allotment of the IPO on Jan. 16. Successful bidders will get the credit of shares on Jan 17, and non-allottees will get their refunds on the same day. The shares, offered at a price band of Rs 57 and Rs 60 apiece, will list on the NSE SME platform Emerge on Jan. 20.
Retail investors have to apply for at least 2,000 shares in one lot of the Barflex Polyfilms IPO. This takes the minimum investment amount to Rs 1,20,000 for a single lot application.
The company has appointed Integrated Maashitla Securities Pvt. as the registrar for the issue, while Almondz Management Services Ltd. will act as the book-running lead manager. Almondz Global Securities Ltd. is the market maker for this SME public offer.
Barflex Polyfilms IPO GMP Today
Barflex Polyfilms IPO GMP (grey market premium) was Rs 0 apiece as of 8:32 a.m. on Jan. 10, according to InvestorGain. This suggests a potential flat listing for the shares, although the GMP trends may reverse or change when the issue goes live.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Barflex Polyfilms Ltd. Business And Financials
Barflex Polyfilms Ltd. is focused on making COEX films, laminates and labels. It also manufactures flexible packaging materials that are ideal for industries like FMCG, processed foods, pharmaceuticals and cosmetics among others.
The company has three manufacturing units in Himachal Pradesh, catering to key domestic clients across industries.
Use Of Proceeds
Barflex Polyfilms will use the funds from the fresh issue of its IPO to meet capex for buying additional plants and machines. The proceeds will also be used for general corporate purposes.
Financials
Barflex Polyfilms Ltd. posted a revenue of Rs 78.02 crore and a net profit of Rs 13.49 crore during the period ended Nov. 30, 2024, in the current fiscal. In FY24, its revenue surged 5.17% to Rs 116.12 crore from Rs 110.4 crore in FY23. The net profit also jumped 60.14% year-on-year to Rs 16.23 crore in FY24 from Rs 10.13 crore in the preceding fiscal.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
. Read more on IPOs by NDTV Profit.Barflex Polyfilms IPO GMP (grey market premium) was Rs 0 apiece as of 8:32 a.m. on Jan. 10, according to InvestorGain. Read MoreIPOs
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