Barflex Polyfilms is set to raise ₹ 39.42 Crores through its Initial Public Offering (IPO), which opened for subscription on January 10, 2025 and will close on January 15, 2025. The IPO comprises a Fresh Issue of 20.53 Lakh shares worth ₹ 12.31 Crores and an Offer for Sale of 45.16 Lakh shares, totaling ₹ 27.10 Crores. With a price band of ₹ 57 to ₹ 60 per share, the IPO is generating considerable attention.

The Market Capitalization of Barflex Polyfilms at the ₹ 60 price point will stand at ₹ 148.5 Crores. The lot size for the IPO is set at 2,000 shares, with retail investors needing to invest a minimum of ₹ 1,20,000. High Net-Worth Individuals (HNIs) are required to apply for a minimum of 2 lots (4,000 shares), amounting to ₹ 2,40,000.

Subscription Details
As of January 15, 2025, the IPO saw an impressive 140.73 times subscription, indicating strong investor interest. The Grey Market Premium (GMP) stands at ₹ 12, suggesting a 20% potential listing gain. This data highlights the IPO's favorable market response, with investors eyeing potential gains upon listing.

The allotment for the Barflex Polyfilms IPO is expected to be finalized by January 16, 2025, and the shares are likely to be listed on the NSE SME on January 20, 2025. Investors can check the allotment status on the registrar’s website once the results are published. Here's how to check your Barflex Polyfilms IPO allotment status:

• Visit the IPO allotment status page.
• Select Barflex Polyfilms Limited IPO from the dropdown.
• Enter your application number, PAN, or DP Client ID and submit the details to view your allotment status.

Company Overview
Barflex Polyfilms specializes in the manufacture of COEX films, laminates, and labels, providing flexible packaging material to various industries, including FMCG, processed foods, pharmaceuticals, cosmetics, and more. The company has been in the flexible packaging business for 19 years and has shown consistent growth in revenue and profits. The Promoter, Mr. Jaiwant Bery, brings over 37 years of experience in the industry.

For the financial year 2024, Barflex reported revenues of ₹ 7,802.09 Lakh, with EBITDA of ₹ 1,939.29 Lakh and Profit after Tax of ₹ 1,349.28 Lakh. The company's Pre-issue EPS stands at ₹ 7.15, while the Post-issue EPS is ₹ 6.56 for FY24. The company's P/E ratio is 8.39x, significantly lower than the industry P/E ratio of 28x, indicating that the IPO is fairly priced.

Objectives of the IPO
The primary objective of the Barflex Polyfilms IPO is to raise capital for the following purposes:

1. ₹ 2,307.39 Lakh for funding capital expenditure, including the purchase of additional plant and machinery.
2. General corporate purposes.

IPO Review and Recommendation
Given the company’s steady growth, favorable financials, and strong Grey Market Premium (GMP), we recommend Risky Investors to apply for the Barflex Polyfilms IPO for listing gains. The company’s strong financials, promoter experience, and favorable pricing make it an attractive investment option in the flexible packaging industry.

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