Barflex Polyfilms IPO Closed
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Schedule of Barflex Polyfilms
| Issue open date | 10 Jan 2025 |
| Issue close date | 15 Jan 2025 |
| UPI mandate deadline | 15 Jan 2025 (5 PM) |
| Allotment finalization | 16 Jan 2025 |
| Refund initiation | 17 Jan 2025 |
| Share credit | 17 Jan 2025 |
| Listing date | 20 Jan 2025 |
| Mandate end date | 30 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 15 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 16 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Barflex Polyfilms
Barflex Polyfilms Limited established in 2005, specialises in manufacturing flexible packaging materials, including COEX films, laminates, and PVC labels, at their facilities in Baddi, Himachal Pradesh. With multiple expansions since inception, they now operate three units with a combined annual capacity exceeding 6,200 MT. Catering to sectors like FMCG, pharmaceuticals, cosmetics, and construction, they serve renowned domestic brands. Their product range includes multi-layer films, laminates, vacuum pouches, and PVC shrink labels, with plans to add 7-layer films post-expansion to strengthen their position as a preferred packaging vendor.
Financials of Barflex Polyfilms
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹39.42 crores |
| Fresh Issue | ₹12.32 crores |
| Offer for Sale | ₹27.10 crores |
Strengths
- Diverse products for FMCG, food, pharma, and cosmetics
- 19+ years of industry expertise with experienced promoters
- ISO-certified for quality and safety standards
- Expansion into 7-layer films for better offerings
Risks
- Previous financial distress with an OTS
- Dependency on key customers for revenue
- Regulatory risks in packaging and environment
- Price volatility risk due to limited market history
Allotment Status for Barflex Polyfilms
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Subscription Figures for Barflex Polyfilms
Subscription numbers as of 5:00 PM on 15 Jan 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 12.48 | 976.20 | 78.22x |
| HNI (₹2L+) | 9.35 | 3492.04 | 373.48x |
| Retail (upto ₹2L) | 21.82 | 2148.86 | 98.48x |
| Total | 65.68 | 6617.10 | 100.74x |