Barflex Polyfilms, a player in the flexible packaging industry, is set to open its IPO on January 10. As investors eagerly await this IPO, let’s take a closer look at the key details of the offer and what it means for potential investors.
Here’s everything you need to know about the upcoming IPO:
Barflex Polyfilms IPO: GMP
Currently, the GMP of the IPO is nil, which means there is no significant premium over the issue price. This suggests as of now the issue is estimated to be listed at its upper price band of Rs 60 per share.
Barflex Polyfilms IPO: Key details of the issue
Barflex Polyfilms is offering shares to the public through a book-built IPO. The total issue size is Rs 39.42 crores. The issue comprises a fresh issue of 20.53 lakh shares, raising Rs 12.32 crores, and an offer for sale of 45.17 lakh shares, aggregating Rs 27.10 crores.
The price band for the public issue is set between the range of Rs 57 to Rs 60 per share.
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Barflex Polyfilms IPO: Subscription dates
The IPO will open for subscription on January 10, 2025, and will close on January 15. The allotment is expected to be finalised by January 16, 2025. Once the issue closes and the allotment is finalised, Barflex Polyfilms is expected to list on the NSE SME segment, with a tentative listing date set for January 20, 2025.
Barflex Polyfilms IPO: Minimum lot sizes
The IPO requires a minimum investment of Rs 1,20,000 for retail investors, which corresponds to a minimum lot size of 2000 shares. High Net-Worth Individuals (HNIs) must invest a minimum of Rs 2,40,000 for 4,000 shares.
Barflex Polyfilms IPO: Purpose of the IPO funds
Barflex Polyfilms plans to use the proceeds from the IPO for two primary objectives, one for capital expenditure, and the other for general corporate purposes.
Barflex Polyfilms IPO: About the company
Founded in 2005, Barflex Polyfilms manufactures COEX films, laminates, and labels, serving a wide range of industries. The company’s products cater to sectors such as FMCG, pharmaceuticals, food packaging, and more.
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