Voler Car Lists Flat at ₹90 on NSE SME Despite Strong Subscription, Hits Lower Circuit
Barflex Polyfilms Lists Flat, Hits Upper Circuit on NSE SME


Last Updated: 20th January 2025 - 12:57 pm
Barflex Polyfilms Limited, a manufacturer of flexible packaging materials operating since January 2005, marked its entry into the public markets on Monday, January 20, 2025. The company, which has established itself in manufacturing COEX films, laminates, and labels with three manufacturing units in Baddi, Himachal Pradesh, commenced trading on NSE SME with initial flat performance followed by strong buying interest.
Barflex Polyfilms Listing Details
The company's market debut showed an interesting progression from initial stability to strong investor interest:
- Listing Time & Price: When trading commenced at market open, Barflex Polyfilms shares debuted at ₹60 on NSE SME, listing flat at par with the issue price. This initial stability reflected measured market valuation of the company's manufacturing capabilities and growth plans.
- Issue Price Context: The company had strategically priced its IPO between ₹57 and ₹60 per share, ultimately fixing the final issue price at ₹60. This pricing approach appears to have balanced investor accessibility with fair value for the company's growth potential.
- Price Evolution: By 12:14 PM IST, investor enthusiasm built significantly, pushing the stock to ₹63, representing a gain of 5% over the issue price and hitting the upper circuit, demonstrating strong post-listing buying interest throughout the early trading session.
Barflex Polyfilms First-Day Trading Performance
The trading activity showed robust participation and strong investor conviction:
- Volume and Value: Within the first few hours, 15.10 lakh shares changed hands, generating a turnover of ₹9.20 crore. Notably, 100% of traded shares were marked for delivery, indicating pure investment interest rather than speculative trading.
- Demand Dynamics: The stock's trading pattern showed overwhelming buying interest with orders for 13.58 lakh shares with no sellers at current levels, reflecting strong unidirectional interest post circuit filter.
Barflex Polyfilms Market Sentiment and Analysis
- Market Reaction: Flat opening followed by strong upward momentum to upper circuit
- Subscription Rate: The Barflex Polyfilms IPO was massively oversubscribed by 151.52 times
- Pre-listing Interest: Anchor investors demonstrated confidence by investing ₹11.21 crore before the public issue
Barflex Polyfilms Growth Drivers and Challenges
Expected drivers of future performance:
- Diverse product range across industries
- Strong client relationships
- Widespread market presence
- Organizational stability
- Experienced promoters
- Strategic location advantages
- Expansion plans for 7-layer films
Potential challenges:
- Margin sustainability concerns
- Industry competition
- Raw material price fluctuations
- Technology adaptation needs
- Expansion execution risks
Utilisation of IPO Proceeds
The ₹39.42 crore raised (₹12.32 crore fresh issue) will be used for:
- Funding capital expenditure for additional plant and machinery
- General corporate purposes
Barflex Polyfilms Financial Performance
The company has shown strong results:
- Revenue increased to ₹116.12 crore in FY2024 from ₹110.41 crore in FY2023
- 8M FY2025 (ended November 2024) showed revenue of ₹78.02 crore with PAT of ₹13.49 crore
- Net worth of ₹77.32 crore as of November 2024
- Total borrowings of ₹0.12 crore
As Barflex Polyfilms begins its journey as a listed entity, market participants will closely monitor its ability to execute expansion plans and maintain its impressive margins. The post-listing momentum after a flat debut suggests growing investor confidence in the company's prospects in the flexible packaging sector, particularly given its diverse product portfolio and strong client relationships, though sustainability of reported margins remains a key focus area.
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