Barflex Polyfilms IPO allotment: Here’s how to check status on NSE, Maashitla Securities

Barflex Polyfilms IPO share allotment status is scheduled to be finalised on Thursday, January 16. The ₹39.42-crore NSE SME issue closed for bidding on Wednesday with a total subscription of over 151 times.

The IPO was fully booked on the first day of bidding on January 10. The SME issue attracted robust bidding from retail and non-institutional investors (NIIs).

According to the NSE data, the public offer attracted applications for more than 66.17 crore shares worth over ₹3,962 crore against the net offer size of 43.65 lakh equity shares for public investors.

The NIIs submitted bids for over 34.92 crore shares against 9.35 lakh shares on offer, resulting in an oversubscription of 373.48 times. The retail individual investors submitted applications for 21.49 crore shares against the quota of 21.82 lakh shares. The retail portion was booked 98.48 times.

On the other hand, the Qualified Institutional Buyers (QIBs) placed applications for 9.76 crore shares against 12.48 lakh shares on offer, leading to a subscription of 78.22 times in the category.

The investors, waiting for the company to finalise the share allocations for the IPO, can check details online through the websites of the NSE and the issue registrar, Maashitla Securities Private Limited.

How to check IPO share allotment status on the registrar’s website

• Open the website of Maashitla Securities: https://maashitla.com/
• Click on Allotment Status link
• Select Barflex Polyfilms Limited from dropdown list for company names
• Enter either PAN/Application Number/Demat Account Number
• Submit to check status

How to check IPO share allotment status on NSE

• Open the NSE IPO allotment page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password provided by NSE (New investors need to register on the NSE website).
• Select Barflex Polyfilms Limited as the issue name
• Verify PAN
• Enter IPO Application Number
• Click on Submit

The company will start the transfer of shares to the Demat accounts of successful bidders on January 17. Refunds will also be issued on the same day.

Barflex Polyfilms IPO listing date

The company has proposed to list its shares on the NSE SME platform, Emerge, on Monday, January 20.

Barflex Polyfilms IPO details

• Barflex Polyfilms IPO was a book-building issue aimed at raising ₹39.42 crore.
• The IPO was a combination of a fresh issue of 20.53 lakh shares, worth up to ₹12.32 crore, and an Offer-For-Sale of 45.17 lakh equity shares, amounting to ₹27.10 crore.
• The IPO price band was set at ₹57 to ₹60 per share.
• The minimum bid size for the retail investors was a single lot of 2,000 shares, aggregating to an investment of ₹1,20,000 per share.

Barflex Polyfilms IPO objects

Barflex Polyfilms is a producer of COEX films, laminates and labels. It has three production units at Baddi in Himachal Pradesh. The company manufactures flexible packaging material for products related to processed foods, FMCG, cosmetics, adhesive, pharmaceutical, engineering, and construction industries, among others.

The company produces 3-layer poly films, 5-layer poly films, 5-layer bulk liners, vacuum pouches, and PVC shrink labels. It is also planning to start manufacturing 7-layer films.

The IPO proceeds of ₹ 27.10 crore from the Offer For Sale will be received by selling shareholders, including promoters.

The company has proposed to utilise the proceeds from the fresh issue to meet capital expenditure towards the purchase of additional plant and machinery.

The company plans to make fresh capital investment as part of the proposed expansion project of 7-layer barrier film technology and extrusion lamination, which are eco- friendly options for the food processing industry.

Barflex Polyfilms reported a total income of ₹78.02 crore for the April-November period of 2024-25. Profit after tax was ₹13.49 crore during the period.

In the 2023-24 financial year, total income was ₹116.12 crore against ₹110.4 crore in FY23. Profit after tax was at ₹16.23 crore in FY24 compared to ₹10.13 crore in FY 2022-23.

Barflex Polyfilms key performance indicators