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Barflex Polyfilms IPO

₹1,14,000/2000 shares

Minimum Investment

IPO Details

Open Date

10 Jan 25

Close Date

15 Jan 25

Minimum Investment

1,14,000

Lot Size

2000

Price Range

57 to ₹60

Listing Exchange

NSE

Issue Size

39.42 Cr

Listing Date

20 Jan 25

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Barflex Polyfilms IPO Timeline

Bidding Start

10 Jan 25

Bidding Ends

15 Jan 25

Allotment Finalisation

16 Jan 25

Refund Initiation

17 Jan 25

Demat Transfer

17 Jan 25

Listing

20 Jan 25

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About Barflex Polyfilms Limited

Barflex Polyfilms Limited, incorporated on January 24, 2005, focuses on manufacturing flexible packaging materials. Its first unit, located at Plot No-17, Industrial Area Barortiwala, Baddi, produces COEX films, laminates, and PVC labels, with a capacity of 2400 MT per annum. In 2008, the company expanded by adding Unit-II for PVC shrink sleeves and Unit-III for PVC stretch and plastic films. Unit-II’s capacity was later increased to 3000 MT per annum. The company serves various industries, including FMCG and pharmaceuticals, under the leadership of promoter Jaiwant Bery, who has over 37 years of experience.

Barflex Polyfilms IPO Strengths

  • A diverse product range meets the needs of various industries like FMCG, processed foods, and pharmaceuticals.
  • Strong customer relationships drive repeat business and support client acquisition.
  • A widespread market presence across 15+ states fuels growth and strengthens client ties.
  • 19 years in the industry and 37+ years of promoter experience ensure efficient operations and market adaptability.
  • Rigorous quality assurance with continuous monitoring and certifications like ISO 22000: 2018 and ISO 9001:2015 guarantees product excellence.

Key Financials (in lakhs)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 7242.61 5664.96 4528.87
Revenue 11609.58 11040.76 9410.15
Profit After Tax 1643.04 1013.07 793.08
Reserves and Surplus 4133.49 2490.45 1477.38
Total Borrowings 13.59 16.50 25.87

BarflexPolyfilms Limited Upcoming IPO Details

Category Details
Issue Type Book Built Issue IPO
Total Issue Size Fresh Issue: 20,53,000 shares (aggregating to ₹12.32 crore)

Offer for Sale (OFS): 45,16,875 shares (aggregating to ₹27.10 crore)

IPO Dates Mentioned below
Price Bands ₹57 to ₹60 per share
Lot Size 2000 Shares
Face Value ₹10 per share
Listing Exchange SME, NSE
Shareholding pre-issue 2,26,97,000 shares
Shareholding post -issue 2,47,50,000 shares
Market Marker Position 3,35,000 shares (Almondz Global Securities Limited)

Barflex Polyfilms Important Dates

IPO Activity Date
IPO Open Date 10 January 2025
IPO Close Date 15 January 2025
Basis of Allotment Date 16 January 2025
Refunds Initiation 17 January 2025
Credit of Shares to Demat 17 January 2025
IPO Listing Date 20 January 2025

Barflex Polyfilms IPO Lots

Application Lots Shares Amount
Retail (Min) 1 2000 ₹1,20,000
Retail (Max) 1 2000 ₹1,20,000
HNI (Min) 2 4000 ₹2,40,000

Barflex Polyfilms IPO Lead Managers

Lead Managers
Almondz Financial Services Limited

Barflex Polyfilms Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 7.24
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 25.66%
Net Asset Value (NAV) 28.21
Return on Equity 25.66%
Return on Capital Employed (ROCE) 27.22%
EBITDA Margin 16.33%
PAT Margin 14.91%
Debt to Equity Ration 0.002

Barflex Polyfilms IPO Peer Group Comparison

Name of Company Revenue

(₹ in lakhs)

Basic & Diluted EPS (₹) P/E Return on Net Worth (%) NAV per Equity Share (₹)
Uma Converter Limited 18,102.22 2.07 12.97 6.21% 33.25
Purv Flexipack Limited 25,417.71 3.99 40.10 4.69% 60.88
Barflex Polyfilms Limited 11,023.36 7.24 TBA 25.66% 28.21

Objectives of the IPO Proceeds

  • Funding capital expenditure towards the purchase of additional plant and machinery ₹3064.17
  • General Corporate Purpose

How to apply IPO with HDFC SKY?

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1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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