Barflex Polyfilms
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 10 Jan 2025 – 15 Jan 2025
- Listing date
- 20 Jan 2025
- Face value
- ₹10 per share
- Issue price
- ₹60 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹39.41 Cr
- Market cap at offer price
- ₹149 Cr
- Promoter holding
- 92.66% → 66.73% pre-issue → post-issue
- ISIN
- INE0QX401014
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- Almondz Financial Services Ltd.
- Registered office
- A-33, Third Floor, FIEE Complex, Okhla Industrial Area, Phase-II, Near C Lal Chowk, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 18,68,000 | — | — |
| Market maker | 3,34,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹60
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,20,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,40,000 |
| S-HNI (max) | 8 | 16,000 | ₹9,60,000 |
| B-HNI (min) | 9 | 18,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 7.15 | 8.18 |
| P/E (×) | 8.39 | 7.33 |
| Price to book (×) | 2.13 | — |
| Market cap | — | ₹149 Cr |
Key performance indicators
- Return on net worth
- 25.44%
- ROCE
- 27.21%
- PAT margin
- 14.73%
- NAV per share
- ₹28.12
- Price to book
- 2.13
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Barflex Polyfilms
Barflex Polyfilms Limited, originally incorporated as Hitkari Polyfilms Private Limited on January 24, 2005, was renamed to Barflex Polyfilms Private Limited in June 2005 and converted to a public limited company in February 2024. The company operates in the polyfilm manufacturing sector. It has been in existence for more than 19 years and has a track record of more than 3 years with positive operating profits across all three financial years preceding the IPO (₹1,793.25 lakhs for FY 2024, ₹1,206.75 lakhs for FY 2023, and ₹1,000.61 lakhs for FY 2022) and positive net-worth.
Company Analysis
from RHPBarflex Polyfilms Limited manufactures polyfilm products for packaging and industrial applications.
Barflex Polyfilms Limited, originally incorporated as Hitkari Polyfilms Private Limited on January 24, 2005, was renamed to Barflex Polyfilms Private Limited in June 2005 and converted to a public limited company in February 2024. The company operates in the polyfilm manufacturing sector. It has been in existence for more than 19 years and has a track record of more than 3 years with positive operating profits across all three financial years preceding the IPO (₹1,793.25 lakhs for FY 2024, ₹1,206.75 lakhs for FY 2023, and ₹1,000.61 lakhs for FY 2022) and positive net-worth.
Issue Structure
- Total Issue
- upto 65,69,875 Equity Shares of Face Value of ₹10 each aggregating to ₹[●] lakh
- Fresh Issue
- upto 20,53,000 Equity Shares aggregating to ₹[●] lakh
- Offer for Sale
- upto 45,16,875 Equity Shares by Promoter Selling Shareholders aggregating to ₹[●] lakh (of which upto 3,35,000 Equity Shares aggregating to ₹[●] lakh reserved for Market Maker)
- Face Value
- ₹10 each
Business Model
The company earns revenue from the manufacture and sale of polyfilm products, with operating profit derived from core operations.
SWOT Analysis
- • Established track record with positive profitability(p.3)
- • Long operational history and stability(p.1)
- • Positive net worth and financial soundness(p.3)
- • No material regulatory or disciplinary action(p.4)
- • No defaults on debt obligations(p.4)
- • Small post-issue paid-up capital scale(p.3)
- • Access to capital markets for growth funding(p.4)
- • Potential migration to NSE Main Board post-listing(p.5)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Jaiwant Bery | Promoter | — | — |
| Nomita Bery | Promoter | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.