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Barflex Polyfilms Ltd IPO

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.

Barflex Polyfilms Ltd IPO Details

Total Shares Offered

₹ 65,68,000

Offer to Public

45,16,000

Retail Max (Shares)

₹ 21,81,900

Pre Issue Promoters Holding

₹ 2,10,30,336

Exchange

NSE

Issue size

₹ 39.41 Cr

IPO Open Date

Jan 10, 2025

Close Date

Jan 15, 2025

Lot Size

2000

Min Investment

₹ 1,14,000

Issue Type

Book Building - SME

Listing Date

Jan 20, 2025

Barflex Polyfilms Ltd IPO Dates

Jan 10, 2025

Opening date

Jan 15, 2025

Closing date

Jan 16, 2025

Basis of Allotment

Jan 17, 2025

Initiation of Refunds

Jan 17, 2025

Credit of Shares

Jan 20, 2025

Listing date

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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

31.32x

373.44x

98.49x

100.75x

3117000

935100

2181900

6568000

97620000

349204000

214886000

661710000

Barflex Polyfilms Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	97.54	23.39	13.12
EBITDA	21.06	23.91	13.88
PAT	15.49	17.31	10.13
Total Assets	37.51	42.01	39.80
Share Capital	24.75	22.70	22.70
Total Borrowings	8.40	2.93	2.04
Operating Activities (Net Cash)	16.03	17.83	10.89
Investing Activities (Net Cash)	50.97	24.74	10.96
Financing Activities (Net Cash)	8.40	2.93	2.04
Net Cashflow	1.09	14.60	15.18

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.

Peer Comparison:

Uma Converter Ltd

Barflex Polyfilms Ltd 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.

How To Apply for Barflex Polyfilms Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Barflex Polyfilms Ltd IPO?

Barflex Polyfilms Ltd's IPO offers shares for up to 12.31 It begins on Jan 10, 2025 and ends on Jan 15, 2025.

What is the price of the Barflex Polyfilms Ltd IPO?

The price of Barflex Polyfilms Ltd IPO ranges between ₹57 to ₹60 per share.

What are the open and close dates for the Barflex Polyfilms Ltd IPO?

The Barflex Polyfilms Ltd IPO opens on Jan 10, 2025 and closes on Jan 15, 2025.

When will the Barflex Polyfilms Ltd IPO be allotted?

The allotment for the Barflex Polyfilms Ltd IPO will be finalised on Jan 16, 2025. The shares will be listed on BSE and NSE on Jan 20, 2025.

What is the minimum lot size required for Barflex Polyfilms Ltd IPO?

The minimum lot size for Barflex Polyfilms Ltd IPO is 2000 shares, priced between ₹57 to ₹60 per share.

What is the GMP of Barflex Polyfilms Ltd IPO?

The GMP (Grey Market Premium) of Barflex Polyfilms Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Barflex Polyfilms Ltd IPO?

To check the allotment status of Barflex Polyfilms Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Barflex Polyfilms Ltd IPO getting listed?

The Barflex Polyfilms Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 10, 2025, and closes on Jan 15, 2025. The allotment is finalised on Jan 16, 2025.

How do you apply for the Barflex Polyfilms Ltd IPO?

To apply for the Barflex Polyfilms Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.