Barflex Polyfilms IPO listing today. Check GMP ahead of debut
Barflex Polyfilms IPO received strong response from investors, the shares will debut on the NSE SME platform on Monday. Going by the GMP trends, investors are likely to see moderate returns.
The current GMP ahead of the listing is at Rs 13. Compared with the issue price of Rs 60, this will be a premium of 21% over the issue price.
Funds raised from the IPO will be used for capital expenditure, acquisition of additional plant and machinery, and for general corporate purposes.
Barflex Polyfilms is into the business of manufacturing flexible packaging material. After the expansion, the company established two manufacturing units and also enhanced the installed capacity.
Also Read: IPO Calendar: 4 new issues, 7 listings to keep primary markets busy next week
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