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Barflex Polyfilms IPO
Barflex Polyfilms Ltd
₹1,14,000 /2000 sharesMinimum investment
IPO details
Minimum investment
₹1,14,000
Price range
₹57 - ₹60
Lot size
2,000
Issue size
39.42 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers78.30x
Non-Institutional Investor373.37x
Retail Individual Investor95.04x
Total139.17x
As of 15 Jan'25, 05:00 PM
Schedule
10 Jan 2025
IPO open date
15 Jan 2025
IPO close date
16 Jan 2025
Allotment date
16 Jan 2025
Funds unblock or debit
20 Jan 2025
Tentative listing date
About
Founded in
2005
MD/CEO
Mr. Jaiwant Bery
Parent organisation
Barflex Polyfilms Ltd
Barflex Polyfilms Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Barflex Polyfilms claims to have established sound relationships with its key customers, which helps it secure repeat business.
The company serves clients across more than 15 states in India.
Barflex Polyfilms is ISO 22000:2018 certified for food safety management systems and ISO 9001:2015 for quality management systems.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 93.50 crore in FY22 to Rs 109.17 crore in FY23 to Rs 110.23 crore in FY24. PAT increased from Rs 7.94 crore in FY22 to Rs 10.13 crore in FY23 to Rs 16.23 crore in FY24.
A portion of Barflex Polyfilms’ income has come from investments in the stock market and mutual funds, contributing Rs 10.63 crore (13.63%) during the eight months ending November 30, 2024, and Rs 5.05 crore (4.35%), Rs 0.32 crore (0.29%), and Rs 0.31 crore (0.33%) in FY24, FY23, and FY22, respectively, to the revenue from operations. However, as the company does not intend to pursue this line of activity in the future, these earnings are unlikely to be sustained going forward.
The company, its promoters, and its directors are currently involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
A large share of revenue comes from the company’s top five products, which contributed Rs 62.36 crore (94.75%) for the eight months ending November 30, 2024, and Rs 99.60 crore (90.14%), Rs 101.86 crore (93.12%), and Rs 88.51 crore (94.55%) in FY24, FY23, and FY22, respectively, to the revenue from operations. Any decline in the sales of these products to these key customers or demand for these products from them could adversely impact the company’s business operations and financial condition.
The company relies heavily on three industries—processed foods, FMCG, and adhesives—for a significant portion of its revenue. These industries contributed Rs 57.14 crore (86.79%) for the eight months ending November 30, 2024, and Rs 93.01 crore (84.17%), Rs 95.36 crore (87.18%), and Rs 81.40 crore (86.96%) in FY24, FY23, and FY22, respectively, to the revenue from operations. Any disruptions in these industries or their customers could adversely affect the company’s operations and finances.
Barflex Polyfilms depends on a few customers for its revenue and does not have long-term agreements with them. The top 10 customers contributed Rs 21.34 crore (32.50%) for the eight months ending November 30, 2024, and Rs 42.63 crore (38.67%), Rs 42.21 crore (38.67%), and Rs 38.84 crore (41.55%) in FY24, FY23, and FY22, respectively, to the revenue from operations. The loss of any of these customers or reduced orders from any of them could adversely impact the company’s operations and financial performance.
Application details
For Barflex Polyfilms IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹57 - ₹60 | ₹2 - ₹5 Lakhs | 2000 |
| High Networth Individual | ₹57 - ₹60 | ₹2 - ₹5 Lakhs | 2000 |