Barflex Polyfilms IPO allotment expected today. Here’s how you can check the status

After a better-than-expected response to its IPO, Barflex Polyfilms will tell investors about the share allotment on Thursday. Investors can check whether any shares have been received for the bid placed by Mashitla Securities website or exchange NSE.

Follow the steps below 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, it is the company 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 by registrar as below.

Step 1: Visit Maashitla Securities website (https://maashitla.com/allotment-status/public-issues)

Step 2: Select Barflex Polyfilms IPO

Step 3: Enter the PAN details and click on search to know the status

Barflex Polyfilms IPO Subscription Details

Barflex Polyfilms’ IPO was subscribed about 141 times due to bidding driven mostly by non-institutional investors. The company, which offered only 47 lakh shares, received bids for around 66 crore shares.

Check Barflex Polyfilms GMP on the day of allotment

Barflex Polyfilms Gray Market Rs. Commanding a GMP of 15, which is Rs. 60 is a premium of 25% over the issue price. The listing of the shares on the NSE SME platform is scheduled for January 20.

Barflex Polyfilms was founded with the aim of manufacturing flexible packaging materials, but later expanded by expanding its customer base. This was made possible mainly due to setting up of additional production units and increasing the installed capacity.

The company manufactures COEX films, laminates and labels. It also makes flexible packaging materials suitable for packaging products in FMCG industry, processed foods, adhesives, engineering, pharmaceutical industry, cosmetics, construction industry and others.

The proceeds from the IPO will be used for capital expenditure, acquisition of additional plant and machinery and general corporate purposes.

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