Barflex Polyfilms Ltd IPO
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Barflex Polyfilms Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 65.68 L | ₹ 45.16 L | ₹ 21.82 L | ₹ 210.3 L | NSE | ₹ 39.41 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 Jan, 25 | 15 Jan, 25 | 2000 | ₹ 1,14,000 | Book Building - SME | 20 Jan, 25 |
Barflex Polyfilms Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Packaging |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 31.32x | 3117000 | 97620000 |
| NII | 373.44x | 935100 | 349204000 |
| Retail | 98.49x | 2181900 | 214886000 |
| Employee | 0x | 0 | 0 |
| Total | 100.75x | 6568000 | 661710000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Barflex Polyfilms Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 23.64 | 13.12 | 10.58 |
| EBITDA | 24.17 | 13.88 | 11.38 |
| PAT | 16.43 | 10.13 | 7.94 |
| Total Assets | 42.19 | 39.80 | 30.58 |
| Share Capital | 22.70 | 22.70 | 22.70 |
| Total Borrowings | 3.09 | 2.04 | 2.48 |
| Operating Activities (Net Cash) | 16.96 | 10.89 | 8.74 |
| Investing Activities (Net Cash) | 24.74 | 10.96 | 8.15 |
| Financing Activities (Net Cash) | 3.09 | 2.04 | 2.48 |
| Net Cashflow | 14.60 | 15.18 | 2.87 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Barflex Polyfilms Ltd
Barflex Polyfilms Limited was originally incorporated on January 24, 2005 as a Private Limited Company as Hitkari Polyfilms Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, NCT of Delhi and Haryana. Subsequently, the name of the Company was changed from `Hitkari Polyfilms Private Limited' to `Barflex Polyfilms Private Limited' and a fresh Certificate of Incorporation consequent to change in name dated June 30, 2005, was issued by the Registrar of Companies, NCT of Delhi and Haryana. Pursuant to a Special Resolution of its Shareholders passed in the Extraordinary General Meeting held on December 26, 2023 the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to `Barflex Polyfilms Limited', and a fresh Certificate of Incorporation dated February 22, 2024 was issued to the Company by the Registrar of Companies, NCT of Delhi and Haryana. The Corporate Identification Number of the Company is U25209DL2005PLC132346.
The packaging market in India seems set for the next level of growth. Strong favorable demographics aside, factors such as increasing disposable income levels, rising consumer awareness, demand for processed food, the multinational giants taking rapid strides in the food, beverages, cosmetics and pharmaceuticals, are expected to be the key drivers of this growth story. These factors are forcing both packaging suppliers and end-user industry to shift from bulk packaging to retail, unit-level and small-sized packaging. In addition, exploding organized retailgrowth and newly relaxed FDI investment norms in retail and other sectors augur well for packaging market in India.
The Company is engaged in manufacturing of flexible packaging material like barrier COEX films, laminates and PVC (poly vinyl chloride) labels which is multi-functional and caters to the packaging requirements of various industries. Its product portfolio largely consists of 3 layer COEX films, 5 layer COEX films, 5 layer pouches, flexible printed laminates like 2 ply laminates, 3 ply laminates, 4 ply laminates, laminate pouches, BOPP labels, and PVC shrink labels. The Company manufactures packaging material suitable for packaging products manufactured in FMCG, processed foods, adhesives, engineering, pharmaceutical industry, cosmetics, construction and others.
Peer Comparison:
- Uma Converter Ltd
Barflex Polyfilms Ltd IPO Key Points
Strengths
- Diversified product range.
- Presence across diverse industry verticals with relationship with our clients.
- Widespread market presence.
- Organisational stability alongwith Promoter's experience.
- Quality assurance.
Risk
- The company is involved in one criminal case which is pending against the Company that may have a material adverse outcome.
- The company had, in the past, entered into OTS with its lender in respect of the company credit facilities. Any inability to any lenders in future could adversely affect on its business, results of operation and financial condition.
- In the past, on account of losses, the Company failed to meet financial performance as per the expectation of its Investor which subsequently resulted in dispute. Any failures on the company part go meet performance parameters in future may lead to dispute, penal provisions, financial & reputational loss.
Strategy
- Expand its existing product portfolio.
- Increasing its market presence.
- Expand its customer base by strengthening its marketing network.
- Cost effectiveness approach.
- Diversified product range.
- Presence across diverse industry verticals with relationship with our clients.
- Widespread market presence.
- Organisational stability alongwith Promoter's experience.
- Quality assurance.
How To Apply for Barflex Polyfilms Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
