Barflex Polyfilms IPO subscribed over 6 times on Day 3 so far. Check GMP, price band and other details
Barflex Polyfilms was fully subscribed on Tuesday, the third day of bidding with an overall subscription of 6.11 times as of 11:40 AM. The company aims to raise Rs 39 crore through the SME IPO, with the shares set to list on the NSE SME platform.
The retail portion of the issue was subscribed by 9.58 times, while the issue was subscribed 6.16 times in the non-institutional investors category on the third day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.
The issue, which is a combination of a fresh equity sale worth Rs 12 crore and an offer for sale (OFS) of 45.16 lakh shares, will be available for bidding till January 15.
Barflex Polyfilms IPO price band
The Barflex Polyfilms IPO is priced between Rs 57 and Rs 60 per share, with investors able to bid for a minimum of 2,000 shares per lot. The public offering allocates 50% of the shares for Qualified Institutional Buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors.
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