Barflex Polyfilms IPO Details 📈

IPO Size: 65,69,875 equity shares 📊

Price Band: Rs 57-60 per share 💰

Issue Opening Date: January 10, 2025 🗓

Issue Closing Date: January 15, 2025 🛑

Listing: SME Platform of NSE 📃

Face Value: Rs 10 per share 💵

Price to Face Value Ratio: 5.70x (lower), 6.00x (higher) 📉📈

Book Running Lead Manager: Almondz Financial Services 📑

Compliance Officer: Deepshikha Mittal 👩‍💼

Company Profile 🏭

Incorporation: January 24, 2005 📅

Location: Industrial Area Barotiwala, Baddi, Himachal Pradesh 🌄

Products: COEX films, laminates, PVC labels 📦

Manufacturing Capacity: 2400 MT per annum ⚙

Products and Industries Served 🌐

Industries: FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, construction 🏗💊🍽

Products: 3-layer films, 5-layer films, laminates, vacuum pouches, 5-layer bulk liners, PVC shrink labels 🎞

Future Plans: Manufacturing 7-layer films 📈

Use of Proceeds 💼

Capital Expenditure: Purchase of additional plant and machinery 🏭

General Corporate Purpose: 🏢

Industry Overview 🌍

Market Size: Valued at $50.5 billion in 2019, expected to reach $204.81 billion by 2025 📈

Growth Drivers: E-commerce, food processing, pharmaceuticals, FMCG, manufacturing, healthcare 🚀

Export Growth: CAGR of 9.9% from 2018-19 to 2021-22 📦🌐

Trends: Stand-up pouches gaining popularity 🛍

Pros and Strengths 💪

1. Diversified Product Range: Serves multiple industries with customized, quality products 🌟

2. Client Relationships: Strong relationships leading to repeat business and customer retention 🤝

3. Market Presence: Extensive geographical coverage across more than 15 states 🌎

Risks and Concerns ⚠

1. Short-Term Agreements: Reliance on short-term purchase orders without long-term contracts 🕒

2. Revenue Concentration: High dependence on top 5 products for revenue 💸

3. Competition: Intense competition from both organized and unorganized sectors 🏁

Financial Performance 📊

• Revenue: Increased from Rs 10,917.07 lakh to Rs 11,023.36 lakh (marginal increase due to capacity utilization) 📈

• Profit After Tax: Increased from Rs 1013.07 lakh in FY23 to Rs 1623.55 lakh in FY24 (60.26% increase due to decreased raw material costs) 💹

• Outlook 🔍

Experience: 19 years in the flexible packaging market 🏭

Current Capacity: Operating at optimum capacity ⚙

Expansion Plans: Diversifying product portfolio and expanding capacity to cater to new segments and geographies 🌟📦

 

Here see the DRHP ( Draft Red Herring Prospectus) Report of Barflex Polyfilms

 

 

BarflexPolyfilmsLimited_DRHP