Barflex Polyfilms is engaged in manufacturing of COEX films, laminates and labels. They manufacture flexible packaging material suitable for packaging products in FMCG industry, processed foods, adhesive, engineering, pharmaceutical industry, cosmetics, construction industry and others. At present, they manufacture 3-layer poly films, 5-layer poly films, laminates, vacuum pouches, 5-layer bulk liners and PVC shrink labels. 

Barflex Polyfilms, an Book Built Issue amounting to ₹ 39.42 Crores, consisting an Fresh Issue of 20.53 Lakh Shares worth ₹ 12.31 Crores and an Offer for Sale of 45.16 Lakh Shares totaling to ₹ 27.10 Crores. The subscription period for the Barflex Polyfilms IPO opens on January 10, 2025, and closes on January 15, 2025. The allotment is expected to be finalized on or about Thursday, January 16, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, January 20, 2025.

The Share price band of Barflex Polyfilms IPO is set at ₹ 57 to ₹ 60 per equity share. The Market Capitalisation of the Barflex Polyfilms Limited at IPO price of ₹ 60 per equity share will be ₹ 148.5 Crores. The lot size of the IPO is 2,000 shares. Retail investors are required to invest a minimum of ₹ 1,20,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹ 2,40,000.

Almondz Financial Services Limited is the book running lead manager of the Barflex Polyfilms IPO, while Maashitla Securities Private Limited is the registrar for the issue. Almondz Global Securities Limited is the Market Maker of Barflex Polyfilms IPO.

Barflex Polyfilms Limited IPO GMP Today
The Grey Market Premium of Barflex Polyfilms Limited IPO is expected to be ₹ 12 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Barflex Polyfilms Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
15 January 2025	₹ 60	₹ 72	₹ 12 (20.00%)	03:00 PM; 15 Jan 2025
14 January 2025	₹ 60	₹ 72	₹ 12 (20.00%)	03:00 PM; 14 Jan 2025
10 January 2025	₹ 60	₹ 68	₹ 8 (13.33%)	03:00 PM; 10 Jan 2025
07 January 2025	₹ 60	₹ 72	₹ 12 (20.26%)	07:00 PM; 07 Jan 2025

Barflex Polyfilms Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 15th January, 2025, the Barflex Polyfilms IPO live subscription status shows that the IPO subscribed 140.73 times on its Final day of subscription period. Check the Barflex Polyfilms IPO Live Subscription Status Today at NSE.

Barflex Polyfilms Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Barflex Polyfilms IPO allotment date is 16 January, 2025, Thursday. Barflex Polyfilms IPO Allotment will be out on 16th January, 2025 and will be live on Registrar Website from the allotment date. Check Barflex Polyfilms IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Barflex Polyfilms Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Barflex Polyfilms Limited IPO
Barflex Polyfilms proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 2,307.39 Lakh is required for Funding capital expenditure towards the purchase of additional plant and machinery
2. General Corporate Purpose

Refer to Barflex Polyfilms Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Sat Kartar Shopping,Barflex Polyfilms.

The Current active IPO are   Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, Avax Apparels, B R Goyal, Fabtech Technologies.

The Closed IPOs are  Davin Sons and Parmeshwar Metal, Leo Dry Fruits, Indo Farm.

The Recently Listed IPOs which is available for trading in stock Market are Unimech Aerospace, Senores Pharmaceuticals, Mamata Machinery, DAM Capital, Identical Brain Studios, NACDAC Infrastructure, Hamps Bio, Yash Highvoltage, Jungle Camps, Toss The Coin, Dhanlaxmi Corp, Emerald Tyre Manufacturers, Nisus Finance, Ganesh Infraworld, Agarwal Toughened, Apex Ecotech, Rajputana Biodiesel, Rajesh Power Services, C2C Advanced System, Enviro Infra Engineers, Waaree Energies Limited IPO, Diffusion Engineers Limited IPO, KRN Heat Exchanger Limited IPO, P N Gadgil Jewellers Limited IPO, Bajaj Housing Finance Limited IPO, Gala Precision Engineering Limited IPO, Premier Energies Limited IPO, Orient Technologies Limited IPO, Interarch Building Products Limited IPO, Unicommerce eSolutions Limited IPO and many more.

Read more

About Barflex Polyfilms Limited

BUSINESS OVERVIEW
Barflex Polyfilms is engaged in manufacturing of COEX films, laminates and labels. They manufacture flexible packaging material suitable for packaging products in FMCG industry, processed foods, adhesive, engineering, pharmaceutical industry, cosmetics, construction industry and others. Their major customers are known brands in their respective sector as well as in the domestic market. At present, they manufacture 3-layer poly films, 5-layer poly films, laminates, vacuum pouches, 5-layer bulk liners and PVC shrink labels. They are planning to start manufacturing 7-layer films as well, post expansion. This will help them to become preferred vendor in packaging material, for their customers. 

As of May 31, 2024, while the Company had an aggregate of 182 employees which include 102 permanent employees and 80 contract laborers employed under the Contract Labour. The Bankers to the Company is HDFC Bank Limited.

INDUSTRY ANALYSIS

Packaging Industry
The paper and packaging sector in India is growing rapidly and has significant potential for future expansion. The industry was valued at $50.5 billion in 2019 and is anticipated to reach $204.81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025 and is forecasted to grow by USD 15.57 bn during 2023-2028, accelerating at a CAGR of 12.69% during the forecast period. The growth in the sector is being driven by a surge in e-commerce, food processing, pharmaceuticals, FMCG, manufacturing industry and healthcare sector. Additionally, numerous government initiatives including 'Make in India' had positive impact on the packaging industry. The paper and packaging industry is currently the fifth largest sector in the Indian economy and has the potential to achieve pricing levels that are about 40% cheaper compared to European regions.

The Indian packaging sector has distinguished itself with its exports of flattened cans, printed sheets and components, crown cork, lug caps, plastic film laminates, craft paper, paper board and packaging machinery. The packaging segment with the fastest growth include laminates and flexible packaging, particularly PET and weaved sacks.

India uses paper as a major source of packaging. The paper industry accounts for 5% of global production. Demand for paper continues to rise for the packaging of FMCG products and ready-to-eat food. Packaging-grade paper accounts for 55% of the main types of paper produced domestically in the paper and paperboard industry.

The packaging industry can be categorized into two segments: flexible and rigid.
• The rigid sector accounts for 36% of India’s total packaging. Corrugated and paperboard boxes are an example of a rigid packaging category that are made using paper as a raw material. These boxes are considered to be one of the safest and most effective methods for packaging and transporting goods The cellular structure of corrugated boxes, in addition to being lightweight, has great compressive strength, toughness and impact resistance. The procedure of lining, laminating or coating the boxes can assist them to withstand moisture and other harmful elements, protecting the quality and longevity of the product. The packaging of both industrial and consumer items requires corrugated board boxes. They are used for packaging a variety of commodities including textiles, fruits, vegetables, potteries, chemicals and pharmaceuticals.

• The flexible sector comprises 64% of the total packaging. The application of paper in flexible packaging is in the form of bags, sachets, envelopes and so on. The flexible pouch market, which enables small-quantity packaging, has gained momentum due to demand for small packs. Compared to other types of packaging, flexible paper packaging is less expensive, requires less material and is lighter in weight. Flexible paper packaging has become more popular as a result of its high efficiency and low cost. Flexible packaging is a crucial component of versatile packaging, which includes packaging for food and drink, personal care, home care and healthcare, among others.

BUSINESS STRENGTHS

1. Diversified Product Range :Manufactures flexible packaging material catering to industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction. Offers customized, high-quality products, enhancing the ability to serve a broad clientele base.

2. Presence Across Diverse Industry Verticals : Maintains strong relationships with major customers, ensuring repeat business and long-term retention. Supplies flexible packaging materials for multifarious applications in FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction.

3. Widespread Market Presence : Operates across more than 15 states in India, serving manufacturers in various industries. Increasing geographical reach contributes to improved business profiles while retaining strong relationships with existing clients.

4. Organizational Stability and Promoter’s Experience : Boasts 19 years in the flexible packaging industry, guided by Promoter Jaiwant Bery, who has 37 years of expertise. Experienced leadership anticipates market trends, manages growth, and nurtures customer relationships effectively.

5. Quality Assurance : Implements stringent quality checks for raw materials and finished goods, supported by ISO 22000:2018 and ISO 9001:2015 certifications. Focuses on research, anti-tampering package development, and consumer-centric product innovation, issuing Certificates of Acceptance with each order

BUSINESS STRATEGIES

1. Expanding the Product Portfolio : With 19 years in the flexible packaging market, the company manufactures 3-layer films, 5-layer films, laminate pouches, BOPP labels, and multi-ply laminate films for industries like FMCG, processed foods, and cosmetics. Plans are underway to diversify into high-growth products such as 7-layer COEX films, woven PP bags, and e-commerce retail bags. A 7-layer COEX film machine, ordered from Mamata Machinery Limited, is set for delivery and installation by March 2025 to optimize costs and enhance customer service.

2. Increasing Market Presence : Aims to broaden global reach by offering tailored products, optimizing costs, adhering to international standards, and implementing strategic marketing initiatives. Competitive pricing and enhanced capabilities are key to expanding market presence across geographies.

3. Expanding the Customer Base : Focuses on strengthening marketing networks to attract regional and local customers in FMCG, pharmaceutical, and other sectors. Long-standing relationships with major industry players reflect the company's position as a preferred supplier. Plans include enhancing the marketing team with experienced personnel and leveraging certifications like ISO 22000:2018 and ISO 9001:2015 to reinforce customer trust.

4. Emphasizing Cost-Effectiveness : Adopts a resource optimization strategy to remain competitive. Regular evaluation of costs against industry benchmarks ensures control over direct costs and overheads, reducing operational expenses and enhancing competitiveness.

BUSINESS RISK FACTORS

1. Delayed Possession of Expansion Premises : The new expansion unit at a leased location in Baddi, Himachal Pradesh, is yet to be registered and possessed. The lease, commencing February 1, 2025, for 15 years, has been delayed by three months. Any further delay or failure to secure possession may force a search for alternate premises, potentially impacting operations and financial performance.

2. Failure to Meet Past Export Obligations : Between 2005 and 2010, the company failed to fulfill export obligations on three duty-free licenses, resulting in demands from the Directorate General of Foreign Trade (DGFT). While significant obligations were met, a global recession and administrative oversight led to incomplete compliance, which could affect credibility and future obligations.

3. Heavy Reliance on Top Product Categories : Over 90% of revenue in recent years has been derived from the top five product categories. Changes in market dynamics, consumer preferences, competition, or pricing pressures could reduce demand for these products, significantly impacting revenue and overall business performance.

4. Dependence on Specific Industries : A significant portion of revenue depends on industries like FMCG, processed foods, and pharmaceuticals. Any downturn in these sectors or loss of key clients could adversely affect revenue generation and operational stability.

5. Critical Need for Innovation in Packaging : Operations depend on the ability to design and develop innovative packaging materials tailored to diverse industries. A failure to meet evolving customer and regulatory requirements could impact competitiveness, revenue, and expansion plans into domestic and international markets.

NOTE : Barflex Polyfilms faces several challenges, including delays in possession of new premises, past export obligation lapses, dependence on top product categories, industry-specific revenue reliance, and the need for continuous innovation in packaging material. These factors pose risks to its operations, revenue stability, and growth prospects.