Follow the below steps to check Barflex Polyfilms IPO allotment on NSE.
Step 1: Visit the NSE Website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)
Step 2: Please select the issue name, that is the company’s name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.Barflex Polyfilms IPO allotment can also be checked through registrar as follows.Step 1: Visit the Maashitla Securities website (https://maashitla.com/allotment-status/public-issues)Step 2: Select Barflex Polyfilms IPOStep 3: Enter the PAN details and click search to know the status
Barflex Polyfilms IPO subscription detailsBarflex Polyfilms IPO was subscribed nearly 141 times at close due to bidding largely driven by non-institutional investors. The company, which offered a mere 47 lakh shares, received bids for nearly 66 crore shares.
Check Barflex Polyfilms GMP on allotment dayBarflex Polyfilms is commanding a GMP of Rs 15 in the grey market, which is a premium of 25% over the issue price of Rs 60. The listing of shares on the NSE SME platform is scheduled on January 20.
Barflex Polyfilms was established with the intent to manufacture flexible packaging materials, but later expanded by increasing the customer base. This was mainly possible due to setting up additional manufacturing units and enhancing the installed capacity.
The company produces COEX films, laminates and labels. It also makes flexible packaging material suitable for packaging products in the FMCG industry, processed foods, adhesive, engineering, pharmaceutical industry, cosmetics, construction industry and others.
Proceeds from the IPO will be used for capital expenditure, acquisition of additional plant and machinery, and for general corporate purposes.
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