Barflex Polyfilms Limited IPO

Incorporated in January 2005, Barflex Polyfilms Limited manufactures COEX films, laminates, and labels. The company produces flexible packaging materials ideal for the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, construction, and others.

The company’s primary customers include well-known brands in their sectors and within the domestic market.

The company produces 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. The company plans to add 7-layer films post-expansion to become the preferred packaging vendor for its customers.

The company has three manufacturing units in Baddi, Himachal Pradesh.

As of May 31, 2024, the company employed 182 individuals, comprising 102 full-time employees and 80 contract workers.

Competitive Strength

  • A diverse range of products for industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction.
  • Presence across diverse industry verticals with relationships with its clients.
  • Widespread market presence
  • Organizational stability along with Promoter’s experience.

Barflex Polyfilms Limited Financial Information (Restated)

Period Ended30 Nov 202431 Mar 202431 Mar 202331 Mar 2022
Assets8,823.887,241.015,665.064,528.96
Revenue7,802.0911,612.1111,040.769,410.27
Profit After Tax1,349.281,623.551,013.07794.09
Net Worth7,732.156,382.874,759.323,746.26
Reserves and Surplus5,462.454,113.172,489.621,476.56
Total Borrowing11.5113.5916.525.87
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Barflex Polyfilms IPO is Rs 148.50 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE25.44%
ROCE27.21%
RoNW25.44%
PAT Margin14.73
Price to Book Value2.13
 Pre IPOPost IPO
EPS (Rs)7.158.18
P/E (x)8.397.34
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2024 that is available in RHP.

Objects of the Issue (Barflex Polyfilms IPO Objectives)

The company intends to utilize the Net Proceeds for the following Objects

  1. Funding capital expenditure towards the purchase of additional plant and machinery
  2. General Corporate Purpose

Barflex Polyfilms IPO Details

IPO DateJanuary 10, 2025 to January 15, 2025
Listing Date[.]
Face Value₹10 per share
Price Band₹57 to ₹60 per share
Lot Size2,000 Shares
Total Issue Size65,69,875 shares
(aggregating up to ₹39.42 Cr)
Fresh Issue20,53,000 shares
(aggregating up to ₹ 12.32 Cr)
Offer for Sale45,16,875 shares of ₹10
(aggregating up to ₹27.10 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share Holding Pre Issue2,26,97,000 shares
Share Holding Post Issue2,47,50,000 shares
Market Maker Portion3,35,000 shares

Barflex Polyfilms IPO Promoter Holding

The promoters of the company are Mr. Jaiwant Bery and Mrs. Nomita Bery.

Share Holding Pre Issue92.66%
Share Holding Post Issue 

SHARIAH SCREENING for - Barflex Polyfilms Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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