
Barflex Polyfilms made its market debut today on the NSE SME platform, listing at ₹60, the same as its issue price, marking a premium of 0%. This was contrary to the grey market premium (GMP) expectations of a 25%-30% rise, which had indicated a listing at approximately ₹72-₹78 per share.
IPO Details:
- IPO Size: ₹39.42 crore
- Fresh Issue: 20.53 lakh shares worth ₹12.32 crore
- Offer for Sale (OFS): 45.17 lakh shares valued at ₹27.10 crore
- Price Band: ₹57-₹60 per share
- Subscription Period: January 10 to January 15, 2025
- Allotment Finalization: January 16, 2025
- Listing Date: January 20, 2025
- Minimum Lot Size: 2,000 shares
- Minimum Investment:
- Retail Investors: ₹1,20,000
- High Net-Worth Individuals (HNIs): ₹2,40,000
Use of IPO Proceeds:
Barflex Polyfilms plans to utilize the funds raised through the IPO for:
- Capital Expenditure: Acquiring additional plant and machinery to enhance production capabilities.
- General Corporate Purposes: Supporting operational and strategic initiatives.
Business Overview:
Established in January 2005, Barflex Polyfilms is a leading provider of innovative, customizable, and sustainable packaging solutions. The company places a strong emphasis on quality control and timely delivery. Barflex aims to leverage its IPO proceeds to expand product offerings and strengthen its presence in both domestic and international markets.