Issue Price
₹60
Per Share
GMP
NIL
Grey Market
Est. Listing
₹60
Expected Price
Min. Application
₹240,000
2 lots × 2000 shares
Incorporated in January 2005, Barflex Polyfilms Limited manufactures COEX films, laminates, and labels. The company produces flexible packaging materials ideal for the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, construction, and others.The company's primary customers include well-known brands in their sectors and within the domestic market.The company produces 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. The company plans to add 7-layer films post-expansion to become the preferred packaging vendor for its customers.The company has three manufacturing units in Baddi, Himachal Pradesh.As of May 31, 2024, the company employed 182 individuals, comprising 102 full-time employees and 80 contract workers.Competitive StrengthA diverse range of products for industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction.Presence across diverse industry verticals with relationships with its clients.Widespread market presenceOrganizational stability along with Promoter’s experience.
Barflex Polyfilms Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 334,000 | — | ₹2.00 Cr | — |
| TOTAL | 6,568,000 | 100.00% | ₹39.41 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹120,000 |
| Retail (Max) | 13 | 26,000 | ₹1,560,000 |
| sNII (Min) | 14 | 28,000 | ₹1,680,000 |
| bNII (Min) | 68 | 136,000 | ₹8,160,000 |
| Particulars | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 7802.09 | 11612.11 | 11040.76 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1349.28 | 1623.55 | 1013.07 |
| Net Worth | 7732.15 | 6382.87 | 4759.32 |
| Total Assets | 8823.88 | 7241.01 | 5665.06 |
| Reserves & Surplus | 5462.45 | 4113.17 | 2489.62 |
| Total Borrowings | 11.51 | 13.59 | 16.50 |