Barflex Polyfilms : Barflex Polyfilms shares get listed at the same price as issue price at ₹60!Barflex Polyfilms : Barflex Polyfilms shares get listed at the same price as issue price at ₹60!

Barflex Polyfilms shares had a flat debut on Monday, January 20, listing at ₹60 per share on the NSE SME, matching the IPO price of ₹60 without any premium or discount.

Barflex Polyfilms IPO witnessed strong demand on Day 3, with an overall subscription of 151.52 times. The non-institutional investor segment was oversubscribed by 373.12 times, while the retail portion recorded an impressive oversubscription of 98.48 times, reflecting robust investor interest.

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Barflex Polyfilms Limited, established in January 2005, manufactures COEX films, laminates, and labels, serving FMCG, food, pharmaceutical, and other industries. Operating three units in Baddi, Himachal Pradesh, the company produces 3- and 5-layer films, aiming to expand to 7-layer films. Employing 182 workers, it partners with leading domestic brands for flexible packaging solutions.

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Barflex Polyfilms Ltd IPO aims to raise funds for ₹23.07 crores towards purchasing advanced machinery, including 7-layer film plants, and for general corporate purposes, ensuring expansion, operational efficiency, and market demand fulfillment.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.