Barflex Polyfilms IPO that opened on January 10, 2025, will conclude today. The four-day subscription window for the initial public offering (IPO) of Barflex Polyfilms was very successful. The IPO has received a strong response from investors, garnering bids for 20,53,000 equity shares. This is against the 45,16,000 equity shares on offer. This translates to an oversubscription of 14.91 times by the end of January 15, 2025.

Barflex Polyfilms IPO- Oversubscription

The National Stock Exchange (NSE) data reveals that, according to the company’s red herring prospectus, 65,68,000 shares offered. The company has allocated 12,48,000 (19%) to Qualified Institutions. Whereas 9,35,000 (14.24%) to Non-Institutional Buyers. Retail Investors are given 21,82,000 (33.22%), and Anchor investors are given 18,68,000 (28.44%)

Barflex Polyfilms IPO comprises a fresh issue of 20,53,000 equity shares and an offer for sale of 45,17,000 equity shares. The price band set at Rs 57 to Rs 60 per share, with a lot size of 33 shares. Retail investors can bid for a minimum of one lot or 2,000 shares, bringing the minimum investment amount to Rs 1,20,000 for a single lot application.

Barflex Polyfilms IPO – GMP

Meanwhile the strong demand for IPO is reflected in the grey market too, where unlisted shares are trading at Rs 70 apiece. This indicates a grey market premium (GMP) of Rs 10 or 16.67 per cent over the upper end of the IPO price band, according to sources tracking unofficial markets.

Since the IPO subscription closes today, the IPO allotment status is expected to be finalised on Thursday, January 16. Additionally, the company says IPO Refunds are on completion track date Friday, January 17. Successful allottees of IPO will receive shares in their demat accounts by the same day. Moreover, the shares of Barflex Polyfilms will appear on the BSE and NSE by Monday, January 20, 2025.

About Company

Barflex Polyfilms is a manufacturer of COEX films, laminates, and labels. The company is catering to the flexible packaging needs of various industries, including FMCG, processed foods, pharmaceuticals, and cosmetics. The company’s product portfolio includes 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels, as outlined in the RHP. The packaging company’s revenue from operations stood at Rs 65.68 crore in the period ended November 30, 2024. Additionally, the profit after tax (PAT) reported to be Rs 13.5 crore during the same period.

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