The retail portion of the issue was subscribed by 4.88 times, while the issue was subscribed 1.04 times in the non-institutional investors category on the second day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.
The issue, which is a combination of a fresh equity sale worth Rs 12 crore and an offer for sale (OFS) of 45.16 lakh shares, will be available for bidding till January 15.
Barflex Polyfilms IPO price band
The Barflex Polyfilms IPO is priced between Rs 50 and Rs 57 per share, with investors able to bid for a minimum of 2,000 shares per lot. The public offering allocates 50% of the shares for Qualified Institutional Buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors.
Barflex Polyfilms IPO’s latest GMP
Ahead of listing, Barflex Polyfilms had no GMP, signaling muted early interest. However, it’s important to remember that GMP serves as a preliminary gauge of grey market demand and may fluctuate as the offering gains traction in the coming days.
Proceeds from IPO
The company plans to use the net proceeds for funding capital expenditure, specifically for the purchase of additional plant and machinery, as well as for general corporate purposes.
Barflex Polyfilms IPO’s listing, allotment and closing date
The Barflex Polyfilms IPO opened for subscription on January 10, and will close on January 15. The allotment is expected to be finalized on Thursday, January 16. The IPO is set to list on the NSE SME, with a tentative listing date of Monday, January 20.
About Barflex Polyfilms IPO
Barflex Polyfilms specializes in producing flexible packaging materials, including barrier COEX films, laminates, and PVC labels. These products serve a wide range of industries with multifunctional packaging solutions.
The company’s product portfolio includes 3-layer COEX films, 5-layer COEX films, 5-layer pouches, flexible printed laminates (2-ply, 3-ply, 4-ply), laminate pouches, BOPP labels, and PVC shrink labels. These materials are used across various sectors, such as FMCG, processed foods, adhesives, pharmaceuticals, cosmetics, engineering, construction, and more.
India’s packaging market is poised for significant growth, driven by favorable demographics, rising disposable incomes, growing consumer awareness, and an increasing demand for processed foods. The expansion of multinational companies in food, beverages, cosmetics, and pharmaceuticals further fuels this trend.
Additionally, the shift from bulk to retail, unit-level, and small-sized packaging is driven by both packaging suppliers and end-users. The rapid growth of organized retail and the easing of FDI norms in retail and other sectors provide further positive momentum for the packaging market in India.
IPO’s book-running lead manager
The company has selected Integrated Maashitla Securities Pvt. as the registrar for the IPO, with Almondz Management Services Ltd. serving as the book-running lead manager. Almondz Global Securities Ltd. will act as the market maker for this SME public offering.
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