Barflex Polyfilms SME IPO Details, Financials, Valuation & Peers
Explore Barflex Polyfilms IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Barflex Polyfilms Limited is a manufacturer of flexible packaging materials, offering a wide range of products such as COEX films, laminates, and PVC labels. Established in 2005, the company operates three advanced manufacturing units in Baddi, Himachal Pradesh, with a combined annual production capacity of over 6,200 MT. Barflex Polyfilms caters to diverse industries, including FMCG, processed foods, pharmaceuticals, cosmetics, adhesives, construction, and engineering, providing customized and high-quality packaging solutions. With a focus on innovation, the company is expanding its product portfolio to include 7-layer films, enhancing its competitive edge and solidifying its position as a preferred packaging vendor for renowned brands.
Key Points:
- Core Business:
- Manufacturer of flexible packaging materials, including 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels.
- Upcoming product: 7-layer films, aimed at further strengthening its market position.
- Manufacturing Facilities:
- Unit I: COEX films, laminates, and PVC labels (Capacity: 2,400 MT/year).
- Unit II: PVC shrink sleeves, plastic films, and laminates (Capacity: 3,000 MT/year).
- Unit III: PVC stretch films and pouches (Capacity: 865 MT/year).
- Target Industries:
- FMCG, processed foods, adhesives, pharmaceuticals, cosmetics, construction, and engineering industries.
- Competitive Strengths:
- Diversified Product Range: Wide variety of flexible packaging solutions tailored to customer needs.
- Customization: Ability to provide high-quality, industry-specific packaging solutions.
Objects of the Issue
- Funding capital expenditure towards purchase of additional plant and machinery out of Net Proceeds from Fresh Issue
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 10 Jan - 15 Jan 2025 |
| IPO Price Band | ₹57 - ₹60 per share |
| Fresh Issue | 20,53,000 shares (₹12.32 crore) |
| Offer For Sale | 45,16,875 shares (₹27.10 crore) |
| Total IPO Size | ₹39.42 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 10 Jan 2025 |
| IPO Closing Date | 15 Jan 2025 |
| Basis Of Allotment | 16 Jan 2025 |
| Refunds | 17 Jan 2025 |
| Demat Transfer | 17 Jan 2025 |
| IPO Listing Date | 20 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Nov 2024 |
|---|---|---|---|---|
| Total Income | 94.10 | 110.41 | 116.12 | 78.02 |
| Total Expenses | 84.32 | 98.05 | 93.21 | 58.99 |
| Net Profit/Loss | 7.94 | 10.13 | 16.24 | 13.49 |
| NPM (*) | 8.49 | 9.28 | 14.73 | 20.54 |
| Total Assets | 45.29 | 56.65 | 72.41 | 88.24 |
| Total Liabilities | 7.83 | 9.06 | 8.58 | 10.92 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Nov 2024 |
|---|---|---|---|---|
| EPS | 3.05 | 4.46 | 7.15 | 5.94 |
| ROE (%) | 21.20 | 21.29 | 25.44 | 17.45 |
| ROCE (%) | 24.41 | 23.67 | 27.21 | 8.65 |
| D/E Ratio | 0.01 | 0.003 | 0.002 | 0.002 |
| Current Ratio | 5.19 | 5.96 | 8.47 | 8.06 |
| EBITDA MARGIN (%) | 10.70 | 11.05 | 16.27 | 10.74 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Barflex Polyfilms Limited | 110.23 | 8.29 | 7.24 | 25.66 | 28.21 |
| Uma Converter Limited | 181.02 | 14.25 | 2.07 | 6.21 | 33.25 |
| Purv Flexipack Limited | 254.18 | 41.79 | 3.99 | 4.69 | 60.88 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 78.22 |
| Non-Institutional Investor (NII/HNI) | 373.12 |
| Retail Individual Investor (RII) | 98.48 |
| Total | 151.52 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Company Promoters
- MR. JAIWANT BERY
- MRS. NOMITA BERY
Lead Managers
- Almondz Financial Services Limited
Company Address
Barflex Polyfilms Limited
A-33, Third Floor, FIEE Complex, Okhla Industrial Area, Phase-II, Near C Lal Chowk, New Delhi-110020
Phone: +91- 9810021106
Email: info@barflex.co.in
Website: www.barflex.co.in
FAQs
- What is the issue size of the Barflex Polyfilms SME IPO?The Barflex Polyfilms SME IPO has an issue size of ₹39.42 crore. This includes a fresh issue of 20,53,000 shares (₹12.32 crore) and an offer for sale (OFS) of 45,16,875 shares (₹27.10 crore).
- What is the price band of the Barflex Polyfilms IPO?The price band for the Barflex Polyfilms IPO is ₹57 - ₹60 per share.
- What are the bidding dates for the Barflex Polyfilms IPO?The Barflex Polyfilms IPO will open for bidding on 10 Jan 2025 and close on 15 Jan 2025.
- What is the allotment date for the Barflex Polyfilms IPO?The allotment date for the Barflex Polyfilms IPO is 16 Jan 2025.
- What is the minimum lot size and investment required for the Barflex Polyfilms IPO?The minimum lot size for the Barflex Polyfilms IPO is 2000 shares and the minimum investment required is ₹1,20,000.
- What is the listing date for the Barflex Polyfilms IPO?The listing date for the Barflex Polyfilms IPO is 20 Jan 2025.
- What is the Barflex Polyfilms IPO grey market premium?The grey market premium (GMP) for the Barflex Polyfilms IPO is currently at ₹13, with an expected listing gain of approximately 21.67%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.