The IPO combines a fresh issue of 20.53 lakh shares aggregating to Rs 12.32 crore and an offer for sale of 45.17 lakh shares worth Rs 27.10 crore.
The Barflex Polyfilms IPO price band is set at Rs 57 to Rs 60 apiece. Retail investors must apply for at least 2,000 shares in one lot, bringing the minimum investment amount to Rs 1,20,000 for a single lot application.
As per the company’s red herring prospectus, of the 65,68,000 shares offered:
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12,48,000 (19%) is reserved for Qualified Institutions
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9,35,000 (14.24%) for Non-Institutional Buyers
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21,82,000 (33.22%) for Retail Investors
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18,68,000 (28.44%) for Anchor investors
The company has appointed Integrated Maashitla Securities Pvt. as the registrar for the issue, while Almondz Management Services Ltd. will act as the book-running lead manager. Almondz Global Securities Ltd. is the market maker for this SME public offer.
Mr. Jaiwant Bery and Mrs. Nomita Bery are the company’s promoters.
