Barflex Polyfilms Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹14(23.33%)
Premium (ELP)
Barflex Polyfilms Limited's achieved publicly listed status following its IPO debut on Jan 20, 2025 at the NSE platform. The offering successfully mobilized 65,68,000 Shares, with 17,18,000 Shares allocated to corporate growth initiatives and ₹27.10 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹57 to ₹60, starting from minimum lots of 2000 shares. The subscription window from Jan 10, 2025 through Jan 15, 2025 enabled investor participation across market segments.
Share allocation was completed on Jan 16, 2025, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in January 2005, Barflex Polyfilms Limited is engaged in manufacturing COEX films, laminates, and labels, providing flexible packaging solutions for sectors like FMCG, food processing, pharmaceuticals, cosmetics, adhesives, and construction. The company serves major domestic brands with products such as 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. With plans to introduce 7-layer film production, it aims to further enhance its market presence. Operating three manufacturing facilities in Baddi, Himachal Pradesh, the company employed 182 people as of May 31, 2024, including 102 full-time and 80 contract workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diverse Product Portfolio: Provides a comprehensive range of packaging solutions serving key industries such as FMCG, pharmaceuticals, cosmetics, and construction.
- Strong Client Relationships: Long-standing associations with clients across multiple sectors contribute to consistent business growth and stability.
- Widespread Market Presence: A robust domestic footprint enables the company to cater to renowned brands and maintain a strong market position.
- Past Financial Distress: Previous one-time settlement (OTS) arrangements with lenders indicate past financial strain, and any future inability to meet obligations could hinder operational stability.
- Investor Disputes: Historical underperformance led to investor disputes, posing risks of financial penalties, losses, and reputational harm if future commitments are not fulfilled.
- Promoter Associations: The promoters’ earlier association with companies delisted by the BSE Dissemination Board raises potential concerns regarding governance practices and corporate credibility.
- Mr. Jaiwant Bery
- Mrs. Nomita Bery
Barflex Polyfilms Limited
Maashitla Securities Private Limited