Barflex Polyfilms IPO: GMP, Date, Price & Details

Barflex Polyfilms IPO-Complete Overview

Barflex Polyfilms IPO under the SME IPO category is a book-built issue of Rs.39.42 Cr (65,69,875 Shares) by Barflex Polyfilms Limited established in January 2005. The company manufactures COEX films, laminates, and labels. The company also provides flexible packaging materials ideal for the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, constructions, and much more.

Well-known brands of the markets concerned are primary customers of the company in the domestic arena.

The company manufactures 3 layer and 5 layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels but plans to manufacture 7 layer films as part of the expansion to transform the company into a preferred packaging vendor for its customers.

It has three manufacturing units at Baddi in Himachal Pradesh.

 

Barflex Polyfilms IPO Overview

This Barflex Polyfilms IPO date is 10 January, and its ‘initial public offering’ will end on 15 January 2025. 

The Rs.39.42 crore new SME IPO comprises a combination of a fresh issue of 20.53 lac Shares (Rs.12.32 crore) and an offer for sale (OFS) of 45.17 lac Shares (Rs.27.10 crore).

This upcoming IPO date is on 10 January 2025. The Barflex Polyfilms IPO Price is Rs.57 to Rs.60 for each Share. 

The expected IPO listing date is 20 January 2025, and the listing at NSE and SME.

To open a demat account and apply for the IPO, Click Here.

Company Financial

(Amount in Lac)

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in lac)

 

Product-wise Revenue Breakdown  

(Amount in lac)

 

Industry-wise Revenue Breakdown  

(Amount in lac)

 

State-wise Revenue Breakdown  

(Amount in lac)

 

Sales-wise Revenue Breakdown  

(Amount in lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing capital projects for the acquisition of new equipment and plants.

• To cover the costs of the issue.

 

Peers of Barflex Polyfilms Ltd.

 

Note:-The basic EPS of the peers is for the financial year ended on 31 March 2024.

 

Evaluation

The Barflex IPO share price is Rs.57 to Rs.60 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 March 2024 with an EPS of Rs.7.15 from the last year, the resulting P/E ratio is 8.4x.

Considering the weighted EPS of Rs.5.65 for the last three years, the P/E ratio is 10.62x.

IPO's Strengths

• A set of products ranges from FMCG, processed foods, adhesives, engineering, pharmaceuticals, and beauty products, to construction.

• Presence across a variety of industry verticals with the relationship with its customers.

• Widespread public presence.

• Organizational stability along with Promoter's experience.

 

IPO’s Weaknesses

• Credit Facility and Economic Defaults: Because of some financial issues, the company entered into a One-Time Settlement (OTS) arrangement with its creditor. Failure to adhere to the lender obligations in the near future can lead to the termination of credit facilities, penal interests, and other negative financial outcomes.

• Raw Material Volatility: This is the main primary raw materials used that will include or not limited to polymers. All these are highly volatile owing to market dynamics which would make it quite affecting in the case of inability to pass the additional expenses incurred onto the clients.

• Dependence on Key Customers: The company has only very limited clients so the loss of one or two major customers could cause a material loss in revenue streams or the incapacity of attracting a major client or retaining it may substantially affect revenue streams.

 

Barflex Polyfilms IPO GMP Today

Barflex Polyfilms IPO GMP has not started yet as of 07 January 2025.

IPO Timetable (Tentative)

The IPO opening date is January 10, with allotment on January 16, refund initiation on January 17, and listing on January 20, 2025.

Barflex Polyfilms IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 65,69,875 Shares (Rs.39.42 Cr).

Barflex Polyfilms Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (2000 Shares) amounting to Rs.1,20,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (4000 Shares) amounting to Rs.2,40,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Barflex Polyfilms Ltd.

• Mr. Jaiwant Bery.

• Mrs. Nomita Bery.
  
  

IPO Lead Managers

Almondz Financial Services Ltd.

Dividend Policy

The company has not paid any dividends in the last three FYs.

Conclusion

The Barflex Polyfilms IPO offers investors an opportunity to invest in an expanding company with a broad product portfolio and established clientele. On the other hand, the risk of volatility of raw materials and dependence on key customers should be factored in as the revenue and expansion plans look promising. Investors should address their analysis of the company's strengths and weaknesses before applying for the IPO 

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DISCLAIMER: NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company

To Read the Prospectus of the Company Click Here  to Download the DRHP.

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