IPO Details
Bidding Dates
10 Jan 25 - 15 Jan 25
Price Range ₹
57 - 60
Total Equity
₹ 39.42Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
10 Jan 2025
Offer end
15 Jan 2025
Allotment
16 Jan 2025
Refund initiation
17 Jan 2025
Demat transfer
17 Jan 2025
Listing
20 Jan 2025
Offer start
10 Jan 2025
Offer end
15 Jan 2025
Allotment
16 Jan 2025
Refund initiation
17 Jan 2025
Demat transfer
17 Jan 2025
Listing
20 Jan 2025
About Company
Incorporated in January 2005, Barflex Polyfilms Limited manufactures COEX films, laminates, and labels, producing flexible packaging materials suitable for industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, construction, and more. The company’s primary customers include prominent brands within the domestic market, and its product portfolio includes 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels, with plans to add 7-layer films post-expansion to strengthen its position as a preferred packaging vendor. Operating three manufacturing units in Baddi, Himachal Pradesh, the company employed 182 individuals as of May 31, 2024, comprising 102 full-time employees and 80 contract workers. Barflex Polyfilms’ competitive strengths include a diverse product range catering to multiple industries, strong client relationships, a widespread market presence, and organizational stability supported by the promoter’s extensive experience.
Year Founded
24-01-2005
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 92.66 | 66.73 |
| Share Capital | 21030336 | 16514336 |
Offer to Public
65,69,875.00 Cr
Project Details
- Funding capital expenditure towards purchase of additional plant and machinery out of Net Proceeds - 230.739cr
Objectives
- Funding capital expenditure towards purchase of additional plant and machinery out of Net Proceeds from Fresh IssueGeneral Corporate Purpose
Highlights
- Offers flexible packaging solutions for industries including FMCG, food, pharmaceuticals, and cosmetics.
- Over 19 years of experience backed by highly skilled and experienced promoters.
- ISO-certified for maintaining high-quality and safety standards.
- Expanding into 7-layer films to enhance product offerings and meet evolving customer needs.
- Strong focus on serving a wide range of industries with tailored solutions.
Challenges
- Resolved previous financial distress through a One-Time Settlement (OTS).
- Significant dependency on key customers for revenue generation.
- Subject to regulatory risks in packaging and environmental compliance.
- Susceptible to price volatility due to limited market history.
- Potential challenges in maintaining revenue diversification.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 5,512.89 | 2,269.70 | 793.98 | 793.98 | 3.4982 |
| 2022 | 4,369.86 | 2,269.70 | 793.98 | 793.98 | 3.4982 |
| 2024 | 7,115.12 | 2,269.70 | 1,643.04 | 1,643.04 | 7.239 |
