Barflex Polyfilms IPO Listed at 0% premium on NSE at ₹60

Barflex Polyfilms IPO is listed with a premium of 0% at ₹60 on the NSE (National Stock Exchange). The IPO GMP of this IPO was Rs 15 last heard.
Barflex Polyfilms IPO

Barflex Polyfilms IPO subscribed 151.52 times on the last day, while A retail quota was subscribed 98.48 times, QIB was subscribed 78.22 times, and NII quota subscribed by 373.12 times respectively.

Details About Barflex Polyfilms IPO

Barflex Polyfilms got approval from SEBI for an IPO of ₹39.42 crores to raise funds and maintain financial stability. The face value of each share was Rs 10 each. Moreover, the company has set up a price band between ₹57 to ₹60 per share. In this IPO a total of 2000 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 2000 shares in 1 lot size, while S-HNI (Min) total of 4000 shares in 2 lot size.

To invest in this IPO, each investor category has specific investment amounts:

  • Retail Investors: Minimum investment of ₹1,20,000 and maximum investment of ₹1,20,000.
  • Small HNI (S-HNI): Minimum investment of ₹2,40,000.

Subscription duration of Barflex Polyfilms IPO

The IPO for Barflex Polyfilms was opened for subscription on January 10, 2025, and closed on January 15, 2025. While the IPO listing is scheduled for January 20, the allocation of Barflex Polyfilms finished on January 16.

Funds Deployment of This Company

Following are the purposes the company is planning to use the funds raised by launching an IPO as follows:

  • The company will use the funds to cover the expenses of purchasing the additional plants and machinery.
  • While the remaining funds will be used for the company’s General Corporate Purposes.

About Barflex Polyfilms IPO

Established in 2005, Barflex Polyfilms Limited is involved in the business of manufacturing COEX films, Laminates, and labels. Barflex Polyfilms is one of the leading businesses focused on supplying flexible FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, construction, and more. The company also increased unit capacity II in 2011 and 2012, resulting in an increased capacity of around 3000 MT per year. Due to their incredible unit capacity, they expand their business by producing pouches, plastic film, laminates, and PVC shrink sleeves. Their goal is to become a leading manufacturer of packaging globally and locally both. To them their employees safety matters the most so they introduced an EHS policy to preserve their employees health and safety. In FY2024, the company generated revenue of ₹116.12 crores compared to ₹110.41 crores in 2023. 

Financial Background of Barflex Polyfilms IPO

In 2024, the company generated revenue of ₹116.12 crores, compared to ₹110.41 crore in 2023. In 2024, the company reported a profit of ₹16.24 crores, compared to ₹10.13 crore in 2023.

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