Barflex Polyfilms Ltd - IPO

Barflex Polyfilms Ltd IPO Details

Public issue of upto 65,68,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Barflex Polyfilms Limited (the Company or the Issuer) for cash at a price of Rs. 60.00 per equity share (the Issue Price) aggregating to Rs. 39.41 crores (The Issue) comprising of a fresh issue of upto 20,52,000 equity shares aggregating to Rs. 12.31 crores (the Fresh Issue) and an offer for sale of upto 45,16,000 equity shares by the promoter selling shareholders (Offer for Sale) aggregating to Rs. 27.10 crores of which upto 3,34,000 equity shares aggregating to Rs. 2.00 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of upto 62,34,000 equity shares aggregating to Rs. 37.40 crores (the Net Issue). The issue and the net issue will constitute 26.54 % and 25.19 % respectively of the post issue paid up equity share capital of the company. The Issue Price is Rs. 60 per equity share of face value of Rs. 10/- each.The Issue Price is 6 times of the face value of the equity shares.Bid can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Funding capital expenditure towards purchase of additional plant and machinery out of net proceeds from fresh issue. General corporate purposes.

Barflex Polyfilms Ltd Contact Details

Barflex Polyfilms Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - info@barflex.co.in

Website - www.barflex.co.in