Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Barflex Polyfilms IPO
Price Band
₹57.0–60.0
Issue Size
₹39.41 Cr
Lot Size
2,000 shares
Min Investment
₹120,000
GMP
+₹13.0 (21.67%)
Issue Price
₹60.0
Subject to Sauda
₹19800
Paid only if allotted
Barflex Polyfilms IPO AI Summary
- Barflex Polyfilms IPO is listed on NSE SME in the Packaging sector.
- Price band: ₹57.0–₹60.0 per share, lot size 2,000 shares (min. investment ₹120,000).
- Subscription window: 10 Jan–15 Jan 2025, listing on 20 Jan 2025.
- Current GMP is +₹13.0 (21.67%), an estimated listing price of ₹73 — unofficial and can change daily.
Barflex Polyfilms Limited is a packaging company with a diverse product range and established industry relationships. The IPO aims to raise funds for capital expenditure and other corporate purposes. Investors should consider their risk profile when evaluating this opportunity.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Barflex Polyfilms IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 15 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Barflex Polyfilms IPO Grey Market Premium (GMP) Today
GMP
+₹13.0
GMP %
+21.67%
Est. Listing
₹73.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in January 2005, Barflex Polyfilms Limited manufactures COEX films, laminates, and labels. The company produces flexible packaging materials ideal for the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, construction, and others. The company's primary customers include well-known brands in their sectors and within the domestic market. The company produces 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. The company plans to add 7-layer films post-expansion to become the preferred packaging vendor for its customers. The company has three manufacturing units in Baddi, Himachal Pradesh. As of May 31, 2024, the company employed 182 individuals, comprising 102 full-time employees and 80 contract workers. Competitive Strength A diverse range of products for industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction. Presence across diverse industry verticals with relationships with its clients. Widespread market presence Organizational stability along with Promoter’s experience.
Company Financials (₹ Cr)
As of 2024-11-30
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 88.24 | 72.41 | 56.65 | 45.29 |
| Total Income | 78.02 | 116.12 | 110.41 | 94.10 |
| Profit After Tax | 13.49 | 16.24 | 10.13 | 7.94 |
| NET Worth | 77.32 | 63.83 | 47.59 | 37.46 |
| Reserves and Surplus | 54.62 | 41.13 | 24.90 | 14.77 |
| Total Borrowing | 0.12 | 0.14 | 0.17 | 0.26 |
Key Ratios
EPS
₹7.15
NAV
₹28.12
ROE
25.44%
ROCE
27.21%
RoNW
25.44%
P/B Value
2.13
P/E Ratio
8.39
Market Cap
₹148.50 Cr
PAT Margin
14.73%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Purv Flexipack Limited | 28.21 | 25.66% | 41.79 | 7.24 | 7.24 |
| Uma Converter Limited | 33.25 | 6.21% | 14.25 | 2.07 | 2.07 |
| Barflex Polyfilms Limited This IPO | 28.21 | 25.44% | — | 7.24 | 7.24 |
Promoters
Jaiwant Bery and Nomita Bery
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure towards purchase of additional plant and machinery 23.07 2 General Corporate Purposes 0.50 3 Issue Expenses 1.83 Total 25.40
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹94.10 Cr in the year ending 31 Mar 2022, increasing to ₹110.41 Cr by 31 Mar 2023, and further rising to ₹116.12 Cr by 31 Mar 2024. However, for the period ending 30 Nov 2024, total income decreased to ₹78.02 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹7.94 Cr in the year ending 31 Mar 2022, rising to ₹10.13 Cr by 31 Mar 2023, and further increasing to ₹16.24 Cr by 31 Mar 2024. For the period ending 30 Nov 2024, profit after tax was ₹13.49 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Barflex Polyfilms has an implied P/E ratio of 8.39 at the issue price, compared to peers trading at P/E ratios of 14.25 to 41.79.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the shares based on demand in this unofficial market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it involves inherent market risks and the potential for price fluctuations.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is 10 January 2025, closing on 15 January 2025, with allotment scheduled for 16 January 2025 and listing on 20 January 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and investor demand. While some IPOs may see significant gains, others may not perform as expected on their first day of trading.
This evaluation is generated from Barflex Polyfilms's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Barflex Polyfilms IPO GMP today?
Barflex Polyfilms IPO GMP today is +₹13.0 (21.67%), indicating an estimated listing price of ₹73. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Barflex Polyfilms IPO?
The price band of Barflex Polyfilms IPO is ₹57.0–₹60.0 per share.
When does Barflex Polyfilms IPO open and close?
Barflex Polyfilms IPO opens on 10 January 2025 and closes on 15 January 2025.
When does Barflex Polyfilms IPO list on the stock exchange?
Barflex Polyfilms IPO listed on 20 January 2025 at ₹73.0.
What is the lot size for Barflex Polyfilms IPO?
The lot size for Barflex Polyfilms IPO is 2000 shares, requiring a minimum investment of ₹120,000.
What is the price band for the Barflex Polyfilms IPO?
The price band for the Barflex Polyfilms IPO is ₹57.0 to ₹60.0.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the lot size for the IPO?
The lot size for the Barflex Polyfilms IPO is 2000 shares.
When is the listing date for the IPO?
The listing date for the IPO is 20 January 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the IPO shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Jan 2025
Close
15 Jan 2025
Allotment
16 Jan 2025
Listing
20 Jan 2025
Similar IPOs in Packaging
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Barflex Polyfilms?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.