Bookbuilding IPO | ₹35 Cr | Listed at NSE SME | Tue, May 12, 2026 - Thu, May 14, 2026
RFBL Flexi Pack IPO is a book build issue of ₹35.33 crores. The issue is entirely a fresh issue of 0.71 crore shares of ₹35.33 crore.
RFBL Flexi Pack IPO bidding started from May 12, 2026 and ended on May 14, 2026. The allotment for RFBL Flexi Pack IPO was finalized on May 15, 2026. The shares got listed on the NSE SME on May 19, 2026.
RFBL Flexi Pack IPO is set final issue price at ₹50 per share. The lot size for an application is 3,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹100 (6,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (9,000 shares), amounting to ₹4,50,000.
Grow House Wealth Management Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is MNM Stock Broking Pvt.Ltd.
Refer to RFBL Flexi Pack IPO RHP for detailed Information.
IPO Open
Tue, May 12, 2026
IPO Close
Thu, May 14, 2026
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹116.58 Cr
| IPO Date | 12 to 14 May, 2026 |
| Listed on | Tue, May 19, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹47 to ₹50 |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 70,65,000 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker | 3,54,000 shares MNM Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 67,11,000 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 67,11,000 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 1,62,50,000 shares |
| Share Holding Post Issue | 2,33,15,000 shares |
| NSE Symbol | RFBL |
| ISIN | INE0V2V01015 |
RFBL Flexi Pack IPO comprises a total issue size of 70,65,000 shares. The net offer to the public is 67,11,000 shares, after excluding 3,54,000 shares allotted on a firm basis. Of the Net offer 3,60,000 (5.36%) are allocated to QIB, 21,33,000 (31.78%) allocated to NII 42,18,000 (62.85%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 3,60,000 | 5.36% | 5.10% |
| NII (HNI) Shares Offered | 21,33,000 | 31.78% | 30.19% |
| − bNII > ₹10L | 14,22,000 | 20.13% | |
| − sNII < ₹10L | 7,11,000 | 10.06% | |
| Retail Shares Offered | 42,18,000 | 62.85% | 59.70% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,54,000 | 5.01% | |
| Total Shares Offered | 70,65,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 6,000 | ₹3,00,000 |
| Individual investors (IND) (Max) | 2 | 6,000 | ₹3,00,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,50,000 |
| S-HNI (Max) | 6 | 18,000 | ₹9,00,000 |
| B-HNI (Min) | 7 | 21,000 | ₹10,50,000 |
Incorporated in July 2005, RFBL Flexi Pack Ltd. manufactures and trades printed multilayer flexible packaging materials, such as plastic film rolls and pouches, primarily for packaging applications across various industries.
It offers a wide range of customized products, including plastic film rolls and pouches, designed to meet the evolving needs of industries such as food, pharmaceuticals, and home care.
The company also engages in the trading of Woven Fabric Packaging Material, Polyester Laminated, and other types of films.
The company operates under a B2B model, serving clients needing high-quality, customised packaging solutions. They specialize in multilayer plastic films, using manufacturing techniques to meet various packaging needs.
With a strong focus on durability, moisture resistance, and product safety, the company uses advanced materials like BOPP, CPP, and laminated films to deliver reliable packaging solutions. Its integrated business model combines manufacturing expertise with a robust trading network, enabling it to serve clients efficiently and at scale.
The company's manufacturing unit is situated in Himatnagar, Gujarat.
As of November 30, 2025, the company had 6 employees in various departments.
Competitive Strength
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 51.54 | 46.94 | 22.48 | 10.21 |
| Total Income | 69.66 | 135.46 | 79.96 | 46.86 |
| Profit After Tax | 3.84 | 8.33 | 5.79 | 0.67 |
| EBITDA | 5.96 | 12.57 | 8.53 | 1.34 |
| NET Worth | 21.84 | 18.00 | 9.68 | 3.89 |
| Reserves and Surplus | 5.59 | 16.75 | 8.43 | 2.64 |
| Total Borrowing | 17.51 | 18.88 | 5.23 | 2.06 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ecoline Exim Ltd. | SME | ₹76.42 Cr | ₹141 | 12.12 | ₹140.50 | -0.35% | ₹198.65 (-0.67%) |
| Jyoti Global Plast Ltd. | SME | ₹35.44 Cr | ₹66 | 16.82 | ₹65.80 | -0.30% | ₹42.90 (+2.14%) |
| GLEN Industries Ltd. | SME | ₹62.94 Cr | ₹97 | 9.33 | ₹152.37 | +57.08% | ₹66.14 (-1.28%) |
| 3B Films Ltd. | SME | ₹33.75 Cr | ₹50 | 24.72 | ₹46.08 | -7.84% | ₹16.69 (+4.12%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet capital expenditure requirements | 12.41 |
| 2 | Funding working capital requirements | 17.76 |
| 3 | General corporate purposes | 4.23 |
| 4 | Issue Expenses | 0.92 |
| Total | 35.33 |
| KPI | Nov 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 19.26% | 60.18% |
| ROCE | 14.26% | 32.70% |
| Debt/Equity | 0.80 | 1.05 |
| RoNW | 19.26% | 60.18% |
| PAT Margin | 5.51% | 6.15% |
| EBITDA Margin | 8.55% | 9.28% |
| Price to Book Value | 3.72 | 4.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.13 | 3.29 |
| P/E (x) | 9.75 | 15.19 |
| Promoter Holding | 100.00% | 69.70% |
| Market Cap | ₹116.58 Cr. |
The RFBL Flexi Pack IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 21.46 | 67,11,000 | 14,40,24,000 | 11,076 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees including Underwriting fees | 0.69 |
| 2 | Fees payable to Market Maker to the Issue | 0.03 |
| 3 | Fees payable to Registrar to the Issue | 0.01 |
| 4 | Fees payable for Marketing, Advertising and Publishing expenses | 0.08 |
| 5 | Fees payable to Regulators including Stock Exchanges & Depositories | 0.05 |
| 6 | Payment for Printing & Stationery, Postage, etc | 0.01 |
| 7 | Fees payable to Legal Advisors | 0.02 |
| 8 | Fees payable to Statutory Auditor and other Professionals | 0.04 |
| 9 | Others | 0.00 |
| Total | 0.92 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹52.50 |
| Low | ₹52.50 |
| High | ₹55.10 |
| Last Trade | ₹55.10 |
Lead Manager Reports
RFBL Flexi Pack IPO is a SME IPO of 70,65,000 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Tue, May 12, 2026, and closes on Thu, May 14, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in RFBL Flexi Pack IPO using UPI as a payment gateway. Zerodha customers can apply in RFBL Flexi Pack IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RFBL Flexi Pack IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RFBL Flexi Pack IPO opens on Tue, May 12, 2026 and closes on Thu, May 14, 2026.
RFBL Flexi Pack IPO lot size is 3000, and the minimum amount required for application is ₹3,00,000, with 2 lots being the minimum application size.
You can apply in RFBL Flexi Pack IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for RFBL Flexi Pack IPO will be done on Friday, May 15, 2026, and the allotted shares will be credited to your demat account by Mon, May 18, 2026. Check the RFBL Flexi Pack IPO allotment status.
The RFBL Flexi Pack IPO listing date is on Tue, May 19, 2026.
