Barflex Polyfilms Ltd., a manufacturer of flexible packaging materials, has launched its Initial Public Offering (IPO) to raise approximately ₹39.42 crore.

Company Overview

Established in 2005, Barflex Polyfilms Ltd. specializes in producing COEX films, laminates, and labels. Their products cater to industries such as FMCG, processed foods, pharmaceuticals, cosmetics, and construction. The company operates three manufacturing units in Himachal Pradesh, serving a clientele of well-known domestic brands.

IPO Timeline

• Issue Opens: January 10, 2025
• Issue Closes: January 15, 2025
• Allotment Finalization: January 16, 2025
• Refund Initiation: January 17, 2025
• Shares Credited to Demat Accounts: January 17, 2025
• Listing Date: January 20, 2025

Price Band and Lot Size

• Price Band: ₹57 to ₹60 per share
• Lot Size: 2,000 shares per lot
• Minimum Investment: ₹1,20,000 (at the upper end of the price band)

Key Dates

• IPO Open Date: January 10, 2025
• IPO Close Date: January 15, 2025
• Basis of Allotment Date: January 16, 2025
• Initiation of Refunds: January 17, 2025
• Credit of Shares to Demat Account: January 17, 2025
• IPO Listing Date: January 20, 2025

Financials

For the fiscal year ending March 2024, Barflex Polyfilms reported a revenue of ₹116.12 crore, up from ₹110.41 crore in the previous year. Net profit for the same period rose to ₹16.24 crore from ₹10.13 crore in FY23. As of November 30, 2024, the company achieved a revenue of ₹78.02 crore and a net profit of ₹13.49 crore.

Strengths

• Diverse Product Portfolio: Offers a wide range of flexible packaging materials suitable for multiple industries.
• Established Manufacturing Facilities: Operates three units with a combined annual capacity exceeding 6,200 MT.
• Reputed Clientele: Serves well-known domestic brands across various sectors.

Risks

• Market Competition: Faces competition from other players in the flexible packaging industry.
• Regulatory Compliance: Must adhere to environmental and industry-specific regulations.
• Dependence on Key Customers: A significant portion of revenue may be reliant on major clients.

IPO Anchor Investors Details

Barflex Polyfilms raised ₹11.21 crore from anchor investors on January 9, 2025, allocating 18,68,000 shares to them.

IPO Promoter Holding

The promoters of the company are Mr. Jaiwant Bery and Mrs. Nomita Bery. Pre-issue, the promoters hold 92.66% of the company’s shares.

IPO Grey Market Premium (GMP)

As of January 10, 2025, the Grey Market Premium for Barflex Polyfilms’ IPO was ₹0 per share, indicating a potential flat listing.

Final Thoughts

Barflex Polyfilms Ltd.’s IPO offers investors an opportunity to participate in a company with a solid presence in the flexible packaging industry. While the company’s financials show growth, potential investors should carefully consider the competitive landscape and other associated risks. Conducting thorough due diligence is recommended before making investment decisions.