
Barflex Polyfilms Limited is set to debut on the NSE SME platform today following a strong response to its IPO. Based on the current grey market premium (GMP) of ₹13, the shares are expected to list at a 21% premium over the issue price of ₹60.
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 Proceeds
Barflex Polyfilms plans to utilize the IPO proceeds 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 specializes in innovative, customizable, and sustainable packaging solutions. The company emphasizes strict quality control and timely delivery, ensuring customer satisfaction. As part of its growth strategy, Barflex aims to expand its product offerings and strengthen its market presence both domestically and internationally.