The Barflex Polyfilms IPO, set to raise ₹39.42 Crores, includes a Fresh Issue of 20.53 lakh shares worth ₹12.31 Crores and an Offer for Sale of 45.16 lakh shares, amounting to ₹27.10 Crores. The IPO subscription period opened on January 10, 2025, and will close on January 15, 2025. The allotment date is scheduled for January 16, 2025, with a listing date set for January 20, 2025 on the NSE SME platform.

The price band for the Barflex Polyfilms IPO is set at ₹57 to ₹60 per equity share. The market capitalization of Barflex Polyfilms at the upper price band of ₹60 per share will stand at ₹148.5 Crores. Retail investors are required to invest a minimum of ₹1,20,000, with High-Net-Worth Individuals (HNIs) needing to invest at least ₹2,40,000 for two lots. The lot size for this issue is 2,000 shares.

IPO Subscription and Grey Market Premium

As of January 15, 2025, the Barflex Polyfilms IPO shows impressive investor interest, with the IPO subscribed 15.90 times on its final day of subscription. The Grey Market Premium (GMP) for the IPO is ₹8, which suggests potential listing gains of 13.33%. While GMP trends offer some insights into market sentiment, they do not guarantee future pricing and are provided for informational purposes.

IPO Allotment and Checking Status

The IPO allotment date for Barflex Polyfilms is January 16, 2025, and investors can check the allotment status on the registrar’s website. To check the status, investors can:

1. Go to the IPO allotment status page.
2. Select Barflex Polyfilms Limited IPO from the dropdown.
3. Enter the application number, PAN, or DP Client ID.
4. Submit the details to view the allotment status.

Financial Performance and Investment Outlook

Barflex Polyfilms is an established player in the flexible packaging industry, specializing in COEX films, laminates, and labels for diverse sectors such as FMCG, pharmaceuticals, processed foods, and more. The company boasts 19 years of operational experience, with Promoter Mr. Jaiwant Bery having 37 years in the industry.

For the period ending November 30, 2024, Barflex Polyfilms reported revenues of ₹7,802.09 Lakh and Profit After Tax (PAT) of ₹1,349.28 Lakh, reflecting steady growth. The EBITDA for the same period was ₹1,939.29 Lakh. Over the past years, the company has demonstrated consistent financial performance, signaling its solid growth prospects.

Key metrics from the company’s FY24 financials include:

• Pre-issue EPS of ₹7.15 and post-issue EPS of ₹6.56.
• Pre-issue P/E ratio of 8.39x and post-issue P/E ratio of 9.15x, against the industry P/E ratio of 28x.
• Return on Capital Employed (ROCE): 27.21%, and Return on Equity (ROE): 25.44%, indicating efficient use of capital and profitability.

Investment Recommendation

With the GMP showing a potential listing gain of 13.33%, and the IPO being fairly priced based on its financial metrics, Barflex Polyfilms presents a strong investment opportunity for those seeking listing gains. However, considering the risks involved in the stock market, it is advised for risky investors to apply for the Barflex Polyfilms IPO.

Objectives of the IPO

The funds raised through this IPO will be used for the following purposes:

1. Capital Expenditure: ₹2,307.39 Lakh will be used to purchase additional plant and machinery, which will boost production capacity.
2. General Corporate Purposes: Funds will also be allocated for the company’s broader operational needs.

For more IPO insights and investment news, keep checking our updates and stay informed about upcoming IPOs like Barflex Polyfilms Limited.

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