Barflex Polyfilms IPO is a book-built issue totaling ₹39.42 crores, comprising a fresh issue of 20.53 lakh shares amounting to ₹12.32 crores and an offer for sale of 45.17 lakh shares aggregating to ₹27.10 crores.
The subscription period for the Barflex Polyfilms IPO opens on January 10, 2025, and closes on January 15, 2025. The allotment of shares is expected to be finalized on Thursday, January 16, 2025. The IPO will list on the NSE SME platform, with a tentative listing date set for Monday, January 20, 2025.
Barflex Polyfilms Limited operates in the flexible packaging materials sector. They manufacture and market various types of flexible packaging materials, including COEX films, laminates, PVC shrink sleeves, and stretch films. Their products are used in industries such as FMCG (Fast-Moving Consumer Goods), processed foods, pharmaceuticals, cosmetics, and construction.
The IPO price band is set between ₹57 and ₹60 per share, with a minimum application lot size of 2,000 shares. Retail investors must invest a minimum of ₹1,20,000, while high-net-worth individuals (HNIs) are required to apply for at least 2 lots (4,000 shares), amounting to ₹2,40,000.
Almondz Financial Services Ltd is the book-running lead manager for the Barflex Polyfilms IPO, while Maashitla Securities Private Limited serves as the registrar. The market-making responsibilities for the IPO are handled by Almondz Global Securities Limited.
Barflex Polyfilms IPO Details:
| Company Name | Barflex Polyfilms Limited |
| Sector | Manufacturing |
| IPO Type | SME |
| IPO Open date | 10th Jan 2025 |
| IPO Close date | 15th Jan 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Barflex Polyfilms IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,20,000 |
| HNI (Min) | 2 | 4000 | 2,40,000 |
Barflex Polyfilms IPO Timeline:
| IPO Open Date | 10th Jan 2025 |
| IPO Close Date | 15th Jan 2025 |
| Basis of Allotment | 16th Jan 2025 |
| Refund Initiation Date | 17th Jan 2025 |
| Shares Credit to Demat | 17th Jan 2025 |
| Listing Date | 20th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Barflex Polyfilms’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Barflex Polyfilms and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
