Initially, the company started its business to manufacture flexible packaging material for FMCG industry, processed foods, adhesive, engineering, pharmaceutical, cosmetics, construction industry, and others. Later, the company expanded its business by establishing Unit-II manufacturing unit to manufacture PVC Shrink sleeves of 950 MT p.a., and an additional manufacturing unit – III was established with a capacity of 865 MT p.a. to manufacture PVC stretch and plastic pouches. Currently, it has a revised capacity of 3,000 MT p.a. to manufacture pouches, plastic films, laminates, and PVC Shrink Sleeves. The company manufactures COEX films, labels, laminates, and flexible packaging material.
Barflex Polyfilms IPO open date is January 10, 2025 and the IPO will close on January 15, 2025. Barflex Polyfilms IPO price band is ₹57 to ₹60 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Barflex Polyfilms IPO to list on NSE on January 20, 2025. The allotment of Barflex Polyfilms IPO date is January 16, 2025. The company reported revenue of ₹116.12 crores in 2024 against ₹110.41 crore in 2023. The company reported profit of ₹16.24 crores in 2024 against Profit of ₹10.13 crores in 2023.
Barflex Polyfilms IPO Details
| IPO Open Date: | January 10, 2025 |
| IPO Close Date: | January 15, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹57 to ₹60 Per Share |
| Issue Size: | Approx ₹39.42 Crores |
| Fresh Issue: | Approx ₹12.32 Crores |
| Offer for Sale: | Approx 45,16,875 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Barflex Polyfilms IPO Timeline
The Barflex Polyfilms IPO date is January 10 and the close date is January 15. The Barflex Polyfilms IPO allotment will be finalized on January 16 and the IPO listing on January 20.
| IPO Open Date: | January 10, 2025 |
| IPO Close Date: | January 15, 2025 |
| Basis of Allotment: | January 16, 2025 |
| Refunds: | January 17, 2025 |
| Credit to Demat Account: | January 17, 2025 |
| IPO Listing Date: | January 20, 2025 |
Barflex Polyfilms SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹57.00-60.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹240000 |
Barflex Polyfilms Limited Financials: Key Metrics and Insights
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,823.88 | 7,241.01 | 5,665.06 | 4,528.96 |
| Revenue | 7,802.09 | 11,612.11 | 11,040.76 | 9,410.27 |
| Profit After Tax | 1,349.28 | 1,623.55 | 1,013.07 | 794.09 |
| Net Worth | 7,732.15 | 6,382.87 | 4,759.32 | 3,746.26 |
| Reserves and Surplus | 5,462.45 | 4,113.17 | 2,489.62 | 1,476.56 |
| Total Borrowing | 11.51 | 13.59 | 16.5 | 25.87 |
