Rexpro Enterprises IPO Allotment Status
Barflex Polyfilms IPO Allotment Status
Last Updated: 17th January 2025 - 11:08 am
Summary
Barflex Polyfilms Limited, established in January 2005, has emerged as a significant player in India's flexible packaging industry. Operating from three manufacturing units in Baddi, Himachal Pradesh, the company specializes in producing COEX films, laminates, and labels. Their product portfolio includes sophisticated 3-layer and 5-layer poly films, vacuum pouches, bulk liners, and PVC shrink labels, serving diverse sectors including FMCG, processed foods, pharmaceuticals, cosmetics, and construction. With plans to expand into 7-layer films, the company aims to strengthen its position as a preferred packaging vendor.
The company has launched its IPO with a total issue size of ₹39.42 crore, comprising a fresh issue of ₹12.32 crore and an offer for sale of ₹27.10 crore. The IPO opened on January 10, 2025, and closed on January 15, 2025. The allotment date for the Barflex Polyfilms IPO is set for Thursday, January 16, 2025.
Steps to Check Barflex Polyfilms IPO Allotment Status on Registrar Site
- Visit Maashitla Securities Private Limited website.
- Select "Barflex Polyfilms IPO" from the dropdown menu.
- Enter your PAN ID, Demat Account Number, or Application Number.
- Complete the captcha verification and click "Submit."
Steps to Check Barflex Polyfilms IPO Allotment Status on NSE SME
- Visit the NSE SME IPO Allotment Page.
- Select "Barflex Polyfilms IPO" from the dropdown menu.
- Enter your Application Number and PAN ID.
- Confirm captcha and click "Search."
Barflex Polyfilms Subscription Status
The Barflex Polyfilms IPO received strong investor interest, being subscribed 151.52 times overall. Here is a category-wise breakdown of the subscription as of 6:19:59 PM on January 15, 2025:
- Retail Category: 98.48 times
- Qualified Institutional Buyers (QIB): 78.22 times
- Non-Institutional Investors (NII): 373.12 times
As of 6:19:59 PM
Date | QIB | NII | Retail | Total |
Day 1 Jan 10, 2025 |
0.00 | 0.69 | 2.40 | 1.35 |
Day 2 Jan 13, 2025 |
0.00 | 3.60 | 7.07 | 4.31 |
Day 3 Jan 14, 2025 |
0.00 | 15.69 | 17.75 | 12.23 |
Day 4 Jan 15, 2025 |
78.22 | 373.12 | 98.48 | 151.52 |
Utilisation of IPO Proceeds
The funds raised through the IPO will be utilized as follows:
- Capital Expenditure: Funding the purchase of additional plant and machinery to enhance manufacturing capabilities.
- General Corporate Purposes: Supporting various business objectives and operational needs.
Barflex Polyfilms IPO - Listing Details
The shares are scheduled to list on January 20, 2025, on the NSE SME platform. The impressive subscription rate of 151.52 times demonstrates strong investor confidence in Barflex Polyfilms' business model and growth prospects. The company has shown consistent growth with revenue increasing from ₹94.10 crore in FY22 to ₹116.12 crore in FY24. With a workforce of 182 employees and plans for technological advancement through 7-layer film capabilities, the company is well-positioned for future growth. Investors can check their allotment status through the registrar's website or NSE SME on January 16, 2025. The shares are set to debut on January 20, 2025, marking a significant milestone in the company's journey to expand its presence in the flexible packaging industry.
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