Barflex Polyfilms lists at issue price (0% premium) of Rs 60 per share on NSE SME platform

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:

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  • 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:

  1. Capital Expenditure: Acquiring additional plant and machinery to enhance production capabilities.
  2. 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.