Barflex Polyfilms IPO Day 4: Subscription status, GMP and other details about SME issue

Barflex Polyfilms initial public offering (IPO) opened for subscription on January 10. The SME issue has received strong response from investors.

Barflex Polyfilms specializes in producing flexible packaging materials, including barrier COEX films, laminates, and PVC (polyvinyl chloride) labels. These versatile products meet the packaging needs of a wide range of industries.

Barflex Polyfilms IPO subscription status

The SME IPO was subscribed 151.52 times at the end of the fourth and final day of bidding on January 15. The issue received 66,13,75,000 bids against the offered 43,65,000 shares, according to chittorgarh.com.

The retail portion was subscribed 98.48 times by the end of the day, meanwhile, non-institutional investors (NIIs) portion was subscribed 373.12 times. QIB category was booked 78.22 times.

Barflex Polyfilms IPO details

The SME issue comprises a fresh equity issuance of ₹12 crore and an offer for sale (OFS) of 45.16 lakh shares.

The Barflex Polyfilms IPO is priced between ₹50 and ₹57 per share, with investors required to bid for a minimum of 2,000 shares per lot. Approximately 50% of the shares are allocated for Qualified Institutional Buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors.

The allotment for the Barflex Polyfilms IPO is expected to be finalized on Thursday, January 16, 2025. Barflex Polyfilms IPO will list on NSE SME with tentative listing date fixed as Monday, January 20, 2025.

Almondz Financial Services Ltd is the book-running lead manager of the Barflex Polyfilms IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Barflex Polyfilms IPO is Almondz Global Securities Limited.

Barflex Polyfilms Ltd. reported a revenue of ₹78.02 crore and a net profit of ₹13.49 crore for the period ending November 30, 2024, in the current fiscal year. For FY24, the company’s revenue grew by 5.17 per cent, reaching ₹116.12 crore compared to ₹110.4 crore in FY23. Additionally, its net profit saw a significant year-on-year increase of 60.14 per cent, rising to ₹16.23 crore in FY24 from ₹10.13 crore in the previous fiscal year.

Barflex Polyfilms IPO GMP

Barflex Polyfilms IPO grey market premium (GMP) today is ₹15, higher than ₹10 a day ago. This means the company shares are trading ₹15 above the issue price in the grey market.

At the prevailing GMP of ₹15 and the IPO price of ₹60, Barflex Polyfilms shares could list at ₹75, a premium of 25 per cent over the issue price.