| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹39.41 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹39.41 Cr |
| Fresh Issue | ₹10.31 Cr |
| Offer for Sale | ₹27.10 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน57.00-60.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | BARFLEX |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Almondz Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Incorporated in January 2005, Barflex Polyfilms Limited manufactures COEX films, laminates, and labels. The company produces flexible packaging materials ideal for the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, construction, and others.
The company's primary customers include well-known brands in their sectors and within the domestic market.
The company produces 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. The company plans to add 7-layer films post-expansion to become the preferred packaging vendor for its customers.
The company has three manufacturing units in Baddi, Himachal Pradesh.
As of May 31, 2024, the company employed 182 individuals, comprising 102 full-time employees and 80 contract workers.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional plant and machinery | 23.07 |
| 2 | General Corporate Purposes | 0.50 |
| 3 | Issue Expenses | 1.83 |
| Total | 25.40 |
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 88.24 | 72.41 | 56.65 | 45.29 |
| Total Income | 78.02 | 116.12 | 110.41 | 94.10 |
| Profit After Tax | 13.49 | 16.24 | 10.13 | 7.94 |
| NET Worth | 77.32 | 63.83 | 47.59 | 37.46 |
| Reserves and Surplus | 54.62 | 41.13 | 24.90 | 14.77 |
| Total Borrowing | 0.12 | 0.14 | 0.17 | 0.26 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 25.44% |
| ROCE | 27.21% |
| RoNW | 25.44% |
| PAT Margin | 14.73% |
| Price to Book Value | 2.13 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 7.15 | 8.18 |
| P/E (x) | 8.39 | 7.34 |
| Promoter Holding | 92.66% | 66.73% |
| Market Cap | โน148.50 Cr. | |