Barflex Polyfilms Limited
Bookbuilding IPO · NSE
- Price band
- ₹57 - ₹60
- Lot size
- 2,000 shares
- Issue amount
- ₹39.41 cr
- Total subscription
- 151.56×
- Opens
- 10 Jan 2025
- Closes
- 15 Jan 2025
- Allotment
- 16 Jan 2025
- Listing
- 20 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 65,68,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹10.31 cr
- Offer for sale
- ₹27.1 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,26,97,000
- Shares after issue
- 2,47,50,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,20,000 |
| HNI | 2 | 4,000 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 44 |
| NIB | — | 8,929 |
| RETAIL | — | 1,07,443 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.49 | 585.72 |
| RETAIL | 13.09 | 1,289.32 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 5.94 | 7.15 | 4.46 |
| ROE | 17.45 | 25.44 | 21.29 |
| ROCE | 8.66 | 27.21 | 23.67 |
| RONW | 17.45 | 25.44 | 21.29 |
| PRE IPO(PE) | 0 | 8.39 | 0 |
| POST IPO(PE) | 7.34 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in January 2005, Barflex Polyfilms Limited is engaged in manufacturing COEX films, laminates, and labels, providing flexible packaging solutions for sectors like FMCG, food processing, pharmaceuticals, cosmetics, adhesives, and construction. The company serves major domestic brands with products such as 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. With plans to introduce 7-layer film production, it aims to further enhance its market presence. Operating three manufacturing facilities in Baddi, Himachal Pradesh, the company employed 182 people as of May 31, 2024, including 102 full-time and 80 contract workers.
Strengths
- Diverse Product Portfolio: Provides a comprehensive range of packaging solutions serving key industries such as FMCG, pharmaceuticals, cosmetics, and construction.
- Strong Client Relationships: Long-standing associations with clients across multiple sectors contribute to consistent business growth and stability.
- Widespread Market Presence: A robust domestic footprint enables the company to cater to renowned brands and maintain a strong market position.
Risk factors
- Past Financial Distress: Previous one-time settlement (OTS) arrangements with lenders indicate past financial strain, and any future inability to meet obligations could hinder operational stability.
- Investor Disputes: Historical underperformance led to investor disputes, posing risks of financial penalties, losses, and reputational harm if future commitments are not fulfilled.
- Promoter Associations: The promoters’ earlier association with companies delisted by the BSE Dissemination Board raises potential concerns regarding governance practices and corporate credibility.
Promoters
Mr. Jaiwant Bery
Mrs. Nomita Bery
Registrar & documents
Lead manager
Almondz Financial Services Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A-33, Third Floor, FIEE Complex, Okhla Industrial Area, Phase-II, Near C Lal Chowk, New Delhi-110020
+91- 9810021106
[email protected]Company website ↗Understanding BARFLEX IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.