Barflex Polyfilms
CLOSEDIPO Date: 10 Jan - 15 Jan 2025
Listing Date: 20 Jan 2025
Price Range
₹57 – ₹60
Issue Size
39 Cr
Min Investment
₹1,14,000
Lot Size
2000 Shares
Schedule of Barflex Polyfilms
Issue open date
10 Jan 2025
Issue close date
15 Jan 2025
UPI mandate deadline
15 Jan 2025 (5 PM)
Allotment finalization
16 Jan 2025
Share credit
17 Jan 2025
Listing date
20 Jan 2025
Mandate end date
30 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 39 Cr |
| Fresh Issue | 12.32 Cr |
| Offer for Sale | 27.1 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 20 Jan 2025 | ₹60 | ₹13 | ₹73 (21.67%) |
| 18 Jan 2025 | ₹60 | ₹15 | ₹75 (25%) |
| 17 Jan 2025 | ₹60 | ₹14 | ₹74 (24%) |
| 16 Jan 2025 | ₹60 | ₹15 | ₹75 (25%) |
| 15 Jan 2025 | ₹60 | ₹15 | ₹75 (25%) |
| 14 Jan 2025 | ₹60 | ₹14 | ₹74 (23%) |
| 13 Jan 2025 | ₹60 | ₹10 | ₹70 (16%) |
| 11 Jan 2025 | ₹60 | ₹0 | ₹60 (0%) |
| 10 Jan 2025 | ₹60 | ₹0 | ₹60 (0%) |
Performance Barflex Polyfilms
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹57 – ₹60 | ₹ 62 (5%) | ₹ 58.75 | -2.08% |
About Barflex Polyfilms
Barflex Polyfilms Limited established in 2005, specialises in manufacturing flexible packaging materials, including COEX films, laminates, and PVC labels, at their facilities in Baddi, Himachal Pradesh. With multiple expansions since inception, they now operate three units with a combined annual capacity exceeding 6,200 MT. Catering to sectors like FMCG, pharmaceuticals, cosmetics, and construction, they serve renowned domestic brands. Their product range includes multi-layer films, laminates, vacuum pouches, and PVC shrink labels, with plans to add 7-layer films post-expansion to strengthen their position as a preferred packaging vendor.
| Founded in | 2005 |
| Managing director | Mr. Jaiwant Bery |
| Parent organization | Barflex Polyfilms Ltd |
Financial Overview
Strengths
- Diverse products for FMCG, food, pharma, and cosmetics
- 19+ years of industry expertise with experienced promoters
- ISO-certified for quality and safety standards
- Expansion into 7-layer films for better offerings
Risks
- Previous financial distress with an OTS
- Dependency on key customers for revenue
- Regulatory risks in packaging and environment
- Price volatility risk due to limited market history
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 78.22 |
| Non-Institutional Investors (NIIs) | 373.12 |
| Retail Individual Investors (RIIs) | 98.48 |
| Employee | N/A |
| Total | 151.52 |