The much-anticipated allotment for the Barflex Polyfilms IPO will be finalized today, January 16, 2025. With an overwhelming response from investors, the IPO was oversubscribed 151 times, highlighting robust interest in the company’s promising growth trajectory.
This public issue aims to raise ₹199.45 crore, with shares priced between ₹57 and ₹60. Barflex Polyfilms’ shares are expected to list on the NSE SME platform on January 20, 2025, at a premium, according to grey market premium (GMP) trends.
Subscription Status: Stellar Response from Investors
The IPO subscription, which was open from January 10 to January 15, received an outstanding 151x oversubscription.
Detailed Subscription Breakdown:
- Retail Investors: 98x
- Non-Institutional Investors (NIIs): 373x
- Qualified Institutional Buyers (QIBs): 78.22x
This remarkable interest, particularly from retail and NII segments, underscores the confidence in Barflex Polyfilms’ operational strengths and growth potential in the flexible packaging industry.
GMP Signals a Promising Listing
The grey market premium (GMP) for Barflex Polyfilms IPO is ₹14 per share today, suggesting a potential listing price of ₹74. This represents a 23.33% premium over the issue price of ₹60.
GMP trends indicate strong demand in the grey market, hinting at a solid listing performance and rewarding early investors with attractive returns.
How to Check Barflex Polyfilms IPO Allotment Status
Via the Registrar’s Website:
- Visit the Maashitla Securities Private Limited website: IPO Allotment Status.
- Select Barflex Polyfilms from the dropdown list.
- Enter your PAN, demat account number, or application number.
- Click the Submit button.
- Your allotment status will be displayed on the screen.
Via NSE Website:
- Open the IPO Allotment Page on NSE.
- Log in using your credentials.
- Select Barflex Polyfilms, enter your PAN and application number, and click Submit.
- Check your allotment status on the portal.
About Barflex Polyfilms
Barflex Polyfilms specializes in manufacturing flexible packaging materials such as COEX films, laminates, and PVC shrink labels. Its products cater to various industries, including FMCG, processed foods, adhesives, pharmaceuticals, cosmetics, and construction.
Key Offerings:
- 3-Layer Poly Films
- 5-Layer Poly Films
- Laminates and Vacuum Pouches
- 5-Layer Bulk Liners
- PVC Shrink Labels
The company is also venturing into 7-layer film manufacturing, post-expansion, which will enhance its portfolio and help it become a preferred vendor for leading brands.
Use of IPO Proceeds
Barflex Polyfilms plans to allocate the net proceeds from the IPO towards:
- Capital expenditures for purchasing additional plant and machinery.
- Expanding its manufacturing facilities for 7-layer films.
- Supporting general corporate purposes.
Analyst Opinions and Market Sentiment
Prathamesh P. Masdekar, Stoxbox
Barflex Polyfilms’ focus on operational expansion and high-margin products positions it well for long-term growth. The valuation appears fair, and the robust subscription figures reflect investor confidence.
Bajaj Broking
The company’s strong foothold in flexible packaging material manufacturing and plans for product diversification make it an attractive option for medium to long-term investment.
FAQs
When will Barflex Polyfilms IPO shares be credited to demat accounts?
Shares will be credited to investors’ demat accounts by January 17, 2025, the same day as the refunds.
What is the GMP for Barflex Polyfilms IPO today?
The GMP for Barflex Polyfilms IPO is ₹14, indicating strong demand and a potential listing price of ₹74.
When is the listing date for Barflex Polyfilms IPO?
Barflex Polyfilms shares are expected to list on the NSE SME platform on January 20, 2025.
What industries does Barflex Polyfilms serve?
The company serves industries like FMCG, pharmaceuticals, cosmetics, processed foods, and construction through its flexible packaging solutions.
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