Barflex Polyfilms preliminary public providing (IPO) opened for subscription on January 10. The small and medium enterprise (SME) IPO was absolutely subscribed on the primary day of bidding.
Barflex Polyfilms focuses on producing versatile packaging supplies, together with barrier COEX movies, laminates, and PVC (polyvinyl chloride) labels. These versatile merchandise meet the packaging wants of a variety of industries.
Barflex Polyfilms IPO subscription standing
The SME IPO was subscribed over 1.34 occasions on the primary day of bidding on January 10. The difficulty obtained 58,70,000 bids in opposition to supplied 43,65,000 shares, based on chittorgarh.com.
The retail portion was subscribed 2.39 occasions by the top of the day, in the meantime, non-institutional buyers (NIIs) portion was subscribed 0.69 occasions. QIB class remained unsubscribed.
Barflex Polyfilms IPO particulars
The SME challenge contains a recent fairness issuance of ₹12 crore and a proposal on the market (OFS) of 45.16 lakh shares, will stay open for bidding till January 15.
The Barflex Polyfilms IPO is priced between ₹50 and ₹57 per share, with buyers required to bid for at least 2,000 shares per lot. Roughly 50% of the shares are allotted for Certified Institutional Consumers (QIBs), 35% for retail buyers, and the remaining 15% for non-institutional buyers.
The allotment for the Barflex Polyfilms IPO is anticipated to be finalized on Thursday, January 16, 2025. Barflex Polyfilms IPO will record on NSE SME with tentative itemizing date fastened as Monday, January 20, 2025.
Almondz Monetary Providers Ltd is the guide working lead supervisor of the Barflex Polyfilms IPO, whereas Maashitla Securities Personal Restricted is the registrar for the problem. The market maker for Barflex Polyfilms IPO is Almondz International Securities Restricted.
Barflex Polyfilms Ltd. reported a income of ₹78.02 crore and a web revenue of ₹13.49 crore for the interval ending November 30, 2024, within the present fiscal 12 months. For FY24, the corporate’s income grew by 5.17 per cent, reaching ₹116.12 crore in comparison with ₹110.4 crore in FY23. Moreover, its web revenue noticed a major year-on-year improve of 60.14 per cent, rising to ₹16.23 crore in FY24 from ₹10.13 crore within the earlier fiscal 12 months.
