Barflex Polyfilms IPO: All You Need to Know
The Barflex Polyfilms IPO is set to hit the market on January 10, 2025, and will remain open for subscription until January 15, 2025. This is a Book Built Issue IPO, through which the company aims to raise approximately ₹39.42 crores, including a fresh issue of ₹12.32 crores and an offer for sale of up to 45,16,875 equity shares.
Let’s dive into the comprehensive details of the Barflex Polyfilms IPO, including dates, price band, financial performance, and more.
Barflex Polyfilms IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | January 10, 2025 |
| IPO Close Date | January 15, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹57 to ₹60 per share |
| Issue Size | ₹39.42 Crores |
| Fresh Issue | ₹12.32 Crores |
| Offer for Sale (OFS) | 45,16,875 equity shares |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Listing Exchange | NSE |
Barflex Polyfilms IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | January 10, 2025 |
| IPO Close Date | January 15, 2025 |
| Basis of Allotment | January 16, 2025 |
| Refund Initiation | January 17, 2025 |
| Shares Credited to Demat | January 17, 2025 |
| IPO Listing Date | January 20, 2025 |
Market Lot and Application Amount
The minimum market lot for Barflex Polyfilms IPO is 2,000 shares, making the minimum investment amount ₹1,20,000.
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail | 1 | 2,000 | ₹1,20,000 |
| S-HNI | 2 | 4,000 | ₹2,40,000 |
Financial Highlights
Barflex Polyfilms Limited has demonstrated a steady growth trajectory in recent years. Here’s a snapshot of the company’s financial performance:
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| FY2022 | 94.10 | 84.32 | 7.94 | 45.29 |
| FY2023 | 110.41 | 98.05 | 10.13 | 56.65 |
| FY2024 | 116.12 | 93.21 | 16.24 | 72.41 |
| Nov 2024 | 78.02 | 58.99 | 13.49 | 88.24 |
The company’s revenue increased from ₹110.41 crores in FY2023 to ₹116.12 crores in FY2024, with profits soaring from ₹10.13 crores to ₹16.24 crores during the same period.
Valuation Metrics
| Metric | Value |
|---|---|
| ROE | 25.44% |
| ROCE | 27.21% |
| EBITDA Margin | 16.27% |
| PAT Margin | 14.73% |
| Debt-to-Equity Ratio | 0.00 |
| EPS (Basic) | ₹7.15 |
| Price-to-Earnings (P/E) | N/A |
| Net Asset Value (NAV) | ₹28.12 |
Peer Comparison
Barflex Polyfilms Limited competes with several players in the packaging and flexible films industry. Below is a comparison with its peers:
| Company | EPS | PE Ratio | RoNW (%) | NAV (₹) | Revenue (₹ Cr) |
|---|---|---|---|---|---|
| Uma Converter Limited | 2.07 | 14.25 | 6.21% | 33.25 | 181.02 |
| Purv Flexipack Limited | 3.99 | 41.79 | 4.69% | 60.88 | 254.18 |
Objects of the IPO
The funds raised through the Barflex Polyfilms IPO will be utilized for:
- Funding capital expenditure for additional plant and machinery.
- General corporate purposes.
Company Overview
Founded in 2005, Barflex Polyfilms Limited specializes in manufacturing COEX films, laminates, and labels. The company is a leading name in industries such as FMCG, pharmaceuticals, cosmetics, construction, and adhesives.
In 2011-2012, the company expanded its capacity to 3,000 MT annually, enabling it to produce diverse products, including pouches, plastic films, and PVC shrink sleeves. The firm is also committed to employee safety and environmental protection, adhering to its EHS policy.
IPO Review
Barflex Polyfilms IPO appears to be an attractive option for investors seeking long-term returns due to the company’s robust financial growth and strategic market positioning. With a steady increase in revenue and profitability, the company has proven its resilience and scalability.
Registrar and Lead Managers
| Registrar | Contact Details |
|---|---|
| Maashitla Securities Pvt Ltd | Phone: +91-11-45121795-96 Email: compliance@maashitla.com Website |
| Lead Manager | Details |
|---|---|
| Almondz Financial Services | — |
Key FAQs About Barflex Polyfilms IPO
- What is the Barflex Polyfilms IPO issue size?
The issue size is ₹39.42 crores, including a fresh issue of ₹12.32 crores and an OFS of 45,16,875 equity shares. - What is the price band for the IPO?
The price band is ₹57 to ₹60 per share. - What is the market lot size?
The minimum lot size is 2,000 shares, with an investment of ₹1,20,000. - When is the IPO listing date?
The IPO is scheduled to list on January 20, 2025, on the NSE. - How can I apply for the Barflex Polyfilms IPO?
Investors can apply via ASBA through their bank account or UPI through stockbrokers.
Barflex Polyfilms IPO Summary
The Barflex Polyfilms IPO is a Book Built Issue aimed at raising ₹39.42 crores, with a price band of ₹57 to ₹60 per share. The IPO opens on January 10, 2025, and closes on January 15, 2025. The company offers a fresh issue worth ₹12.32 crores and an Offer for Sale (OFS) of up to 45,16,875 equity shares.
The minimum investment requires purchasing 2,000 shares at a value of ₹1,20,000. The IPO is expected to list on the NSE on January 20, 2025.
Financial Highlights:
- Revenue grew from ₹110.41 crores in FY2023 to ₹116.12 crores in FY2024.
- Profit increased significantly from ₹10.13 crores to ₹16.24 crores during the same period.
Key Dates:
- Allotment Date: January 16, 2025
- Refunds Initiation: January 17, 2025
- Credit to Demat Accounts: January 17, 2025
Investor Quotas:
- Retail: 35%
- QIB: 50%
- HNI: 15%
Objectives of the Issue:
- Fund the purchase of additional plant and machinery.
- General corporate purposes.
Valuation Metrics:
- ROE: 25.44%
- EBITDA Margin: 16.27%
- Debt-to-Equity Ratio: 0.00
Barflex Polyfilms stands as a promising investment, particularly for long-term investors, backed by its solid financial performance and strong market presence in the packaging and flexible films sector.