Barflex Polyfilms IPO Allotment Status: Check Latest GMP, Steps To Verify Status

Barflex Polyfilms IPO Details

The Barflex Polyfilms IPO is a book-built issue with a total size of ₹39.42 crores, comprising a fresh issue of 20.53 lakh shares worth ₹12.32 crores and an offer for sale (OFS) of 45.17 lakh shares valued at ₹27.10 crores. The subscription period for the IPO ran from January 10, 2025, to January 15, 2025, with allotment finalization scheduled for January 16, 2025, and a tentative listing date of January 20, 2025, on the NSE SME platform. The price band is set between ₹57 and ₹60 per share, with a minimum lot size of 2,000 shares. Retail investors are required to make a minimum investment of ₹1,20,000, while high net-worth individuals (HNI) must invest a minimum of ₹2,40,000, equivalent to 2 lots or 4,000 shares.

Use of Proceeds

The company plans to utilize the net proceeds to 

• Fund capital expenditure for acquiring additional plant and machinery to enhance production capabilities.
• Allocate a portion of the proceeds for general corporate purposes to support overall operational and strategic objectives.

Barflex Polyfilms IPO Day 4 Subscription Status

(January 15, 2025, End of the Day)

Barflex Polyfilms IPO was oversubscribed 151.52 times. The retail category led with a subscription of 98.48 times. Non-Institutional Buyers (NII) saw subscription of 373.12 times. Qualified Institutional Buyers (QIB) subscribed 78.22 times. Additionally, shares allocated for Anchor Investors and Market Makers were fully subscribed at 1 time each.

Barflex Polyfilms IPO GMP Details:

As per Business Standard, the Grey Market Premium (GMP) for the Barflex Polyfilms IPO stands at ₹15. With a price band of ₹60.00, the estimated listing price for the IPO is ₹75 (calculated as the cap price plus today’s GMP), with a premium of 25%.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Read more: Laxmi Dental IPO Allotment Status, Stallion India IPO Day 1 Subscriptions Status

Barflex Polyfilms Business Overview

Established in January 2005, Barflex is known for its focus on innovation, customization, and sustainability in its packaging solutions. By catering to its clients' diverse needs, the company has built a reputation for reliability and excellence. Additionally, Barflex places a strong emphasis on maintaining strict quality control standards and ensuring timely product delivery to its customers. As part of its growth strategy, Barflex is focused on expanding its product offerings and enhancing its market presence both in India and internationally.

Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market. 

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