Barflex Polyfilms Ltd, a manufacturer of flexible packaging materials, is launching its Initial Public Offering (IPO) on the NSE SME platform. Here are the key details:

IPO Details:

• Issue Period: January 10 to January 15, 2025.
• Issue Size: ₹39.42 crore, comprising a fresh issue of 20.52 lakh equity shares and an offer for sale (OFS) of 45.16 lakh shares.
• Price Band: ₹57 to ₹60 per equity share.
• Lot Size: 2,000 shares, requiring a minimum investment of ₹114,000.
• Listing Date: Expected on January 20, 2025, on the NSE SME platform.

Subscription Details:

As of January 10, 2025, the IPO was fully subscribed on the first day, receiving 58,70,000 bids against the offered 43,65,000 shares. The breakdown is as follows:

• Retail Individual Investors (RIIs): Subscribed 2.39 times.
• Non-Institutional Investors (NIIs): Subscribed 0.69 times.
• Qualified Institutional Buyers (QIBs): Yet to subscribe.

Allotment and Listing:

• Allotment Finalization: January 16, 2025.
• Listing Date: January 20, 2025.

Company Overview:

Established in 2005, Barflex Polyfilms Ltd specializes in manufacturing flexible packaging materials, including barrier COEX films, laminates, and PVC labels. Their product portfolio caters to various industries such as FMCG, processed foods, pharmaceuticals, cosmetics, and construction.

Financial Highlights:

• Revenue (FY 2024): ₹116.12 crore, a 5.17% increase from ₹110.4 crore in FY 2023.
• Net Profit (FY 2024): ₹16.23 crore, a 60.14% increase from ₹10.13 crore in FY 2023.

Utilization of Funds:

Proceeds from the IPO are planned for:

• Funding Capital Expenditure: Towards the purchase of additional plant and machinery.
• General Corporate Purposes.

For more detailed information, you may refer to the official prospectus and financial reports of Barflex Polyfilms Ltd.