Barflex Polyfilms IPO

Incorporated in January 2005, Barflex Polyfilms Limited manufactures COEX films, laminates, and labels. The company produces flexible packaging materials ideal for the FMCG industry, processed foods, adhesives, engineering applications, pharmaceuticals, cosmetics, construction, and others. The company's primary customers include well-known brands in their sectors and within the domestic market. The company produces 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. The company plans to add 7-layer films post-expansion to become the preferred packaging vendor for its customers. The company has three manufacturing units in Baddi, Himachal Pradesh. As of May 31, 2024, the company employed 182 individuals, comprising 102 full-time employees and 80 contract workers. Competitive Strength A diverse range of products for industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction. Presence across diverse industry verticals with relationships with its clients. Widespread market presence Organizational stability along with Promoter’s experience.

The company intends to utilize the Net Proceeds for the following Objects Funding capital expenditure towards the purchase of additional plant and machinery General Corporate Purpose

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