Barflex Polyfilms Ltd

Barflex Polyfilms will hold a meeting of the Board of Directors of the Company on 16 July 2025.Powered by Capital Market - Live

Barflex Polyfilms will hold a meeting of the Board of Directors of the Company on 16 May 2025.Powered by Capital Market - Live

The scrip was listed at 60, at par with the initial public offer (IPO) price. The stock was currently up 5% over its listing price. The counter hit a high of Rs 63 and a low of Rs 60. About 14.70 lakh shares of the company changed hands at the counter. Barflex Polyfilms' IPO was subscribed 140.78 times. The issue opened for bidding on 10 January 2025, and it closed on 15 January 2025. The price band of the IPO is fixed at Rs 57 to Rs 60 per share. The IPO comprised a fresh issue of 47,00,000 shares and an offer for sale (OFS) of 45,16,000 shares by existing shareholders. The company intends to utilize the net proceeds for funding capital expenditure towards the purchase of additional plant and machinery and for general corporate purposes. Ahead of the IPO, Barflex Polyfilms on 9 January 2025, raised Rs 11.20 crore from anchor investors. The board allotted 18.68 lakh shares at Rs 60 per share to 5 anchor investors. Barflex Polyfilms produces flexible packaging materials ideal for the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, construction, and others. 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. As of 31 May 2024, the company employed 182 individuals, comprising 102 full-time employees and 80 contract workers. The company recorded revenue from operations of Rs 65.67 crore and net profit of Rs 13.49 crore for the period as on 30 November 2024. Powered by Capital Market - Live