Barflex Polyfilms Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Barflex Polyfilms Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹60
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,20,000
Issue Size
₹39.41 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Barflex Polyfilms Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
92.66%
Promoter Holding (Post-Issue)
66.72%
Issue Type
Book Building - SME
ISIN
INE0QX401014
About the Company
The Company is engaged in manufacturing of flexible packaging material like barrier COEX films, laminates and PVC (poly vinyl chloride) labels which is multi-functional and caters to the packaging requirements of various industries. Its product portfolio largely consists of 3 layer COEX films, 5 layer COEX films, 5 layer pouches, flexible printed laminates like 2 ply laminates, 3 ply laminates, 4 ply laminates, laminate pouches, BOPP labels, and PVC shrink labels. The Company manufactures packaging material suitable for packaging products manufactured in FMCG, processed foods, adhesives, engineering, pharmaceutical industry, cosmetics, construction and others.
Industry Overview
The packaging market in India seems set for the next level of growth. Strong favorable demographics aside, factors such as increasing disposable income levels, rising consumer awareness, demand for processed food, the multinational giants taking rapid strides in the food, beverages, cosmetics and pharmaceuticals, are expected to be the key drivers of this growth story. These factors are forcing both packaging suppliers and end-user industry to shift from bulk packaging to retail, unit-level and small-sized packaging. In addition, exploding organized retailgrowth and newly relaxed FDI investment norms in retail and other sectors augur well for packaging market in India.
Company History
Barflex Polyfilms Limited was originally incorporated on January 24, 2005 as a Private Limited Company as "Hitkari Polyfilms Private Limited" under the provisions of the Companies Act, 1956 with the Registrar of Companies, NCT of Delhi and Haryana. Subsequently, the name of the Company was changed from `Hitkari Polyfilms Private Limited' to `Barflex Polyfilms Private Limited' and a fresh Certificate of Incorporation consequent to change in name dated June 30, 2005, was issued by the Registrar of Companies, NCT of Delhi and Haryana. Pursuant to a Special Resolution of its Shareholders passed in the Extraordinary General Meeting held on December 26, 2023 the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to `Barflex Polyfilms Limited', and a fresh Certificate of Incorporation dated February 22, 2024 was issued to the Company by the Registrar of Companies, NCT of Delhi and Haryana. The Corporate Identification Number of the Company is U25209DL2005PLC132346.
Products & Services
- The Company is engaged in manufacturing of flexible packaging material like barrier COEX films, laminates and PVC (poly vinyl chloride) labels which is multi-functional and caters to the packaging requirements of various industries.
Growth Strategy
- Expand its existing product portfolio.
- Increasing its market presence.
- Expand its customer base by strengthening its marketing network.
- Cost effectiveness approach.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of upto 65,68,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Barflex Polyfilms Limited (the "Company" or the "Issuer") for cash at a price of Rs. 60.00 per equity share (the "Issue Price") aggregating to Rs. 39.41 crores ("The Issue") comprising of a fresh issue of upto 20,52,000 equity shares aggregating to Rs. 12.31 crores (the "Fresh Issue") and an offer for sale of upto 45,16,000 equity shares by the promoter selling shareholders ("Offer for Sale") aggregating to Rs. 27.10 crores of which upto 3,34,000 equity shares aggregating to Rs. 2.00 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of upto 62,34,000 equity shares aggregating to Rs. 37.40 crores (the "Net Issue"). The issue and the net issue will constitute 26.54 % and 25.19 % respectively of the post issue paid up equity share capital of the company. The Issue Price is Rs. 60.00 per equity share of face value of Rs. 10/- each. The Issue Price is 6 times of the face value of the equity shares. Bid can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diversified product range.
- Presence across diverse industry verticals with relationship with our clients.
- Widespread market presence.
- Organisational stability alongwith Promoter's experience.
- Quality assurance.
- The company is involved in one criminal case which is pending against the Company that may have a material adverse outcome.
- The company had, in the past, entered into OTS with its lender in respect of the company credit facilities. Any inability to any lenders in future could adversely affect on its business, results of operation and financial condition.
- In the past, on account of losses, the Company failed to meet financial performance as per the expectation of its Investor which subsequently resulted in dispute. Any failures on the company part go meet performance parameters in future may lead to dispute, penal provisions, financial & reputational loss.
- Its Promoters, Mr. Jaiwant Bery and Mrs. Nomita Bery, were associated with companies which were delisted compulsorily by an order of BSE Dissemination Board.
- The company has not yet obtained possession of the land/premises where its intend to set up the company expansion unit.