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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.
| 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 |
| 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) |
| 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 |
| 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 |
| Lead Managers |
| Almondz Financial Services Limited |
| 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 |
| 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 |
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