RFBL Flexi Pack IPO

RFBL Flexi Pack IPO Details

RFBL Flexi Pack IPO is a 100% book-built issue of worth up to ₹35 crore, entirely a fresh issue of 70.65 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on March 13, 2026.

The price band is set at ₹47 to ₹50 per share and the lot size for an application is 3,000 shares. The minimum amount of investment required by an individual investor (retail investor) is ₹100 (6,000 shares). The IPO will be open for subscription from May 12 to 14, 2026, on the NSE SME platform, with a tentative listing date fixed as May 19, 2026. The book-running lead manager (BRLM) to the issue is Grow House Wealth Management Pvt. Ltd., while the registrar to the issue is Kfin Technologies Ltd.

RFBL Flexi Pack IPO Date & Timeline

The RFBL Flexi Pack IPO is officially set to open for subscription on May 12, 2026 and will close on May 14, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on March 13, 2026 and has now finalised its schedule following SEBI approval. Once the subscription window allotment is expected on May 15, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on May 18, 2026. Finally, the RFBL Flexi Pack Ltd.'s shares are tentatively scheduled to list on the stock exchanges on May 19, 2026.

RFBL Flexi Pack IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The RFBL Flexi Pack IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

RFBL Flexi Pack Ltd. was incorporated on July 11, 2005, in Himatnagar, Gujarat, as Sabar Flexi Pack Private Limited. It transitioned to the name RFBL Flexi Pack Private Limited in December 2022 before converting into a public company, RFBL Flexi Pack Limited, in July 2023.

The firm has built a legacy of over two decades (20+ years) in the packaging sector and has evolved from a private enterprise into a scaled-up entity focusing on the specialised requirements of the multilayer packaging industry. They also manufacture packaging rolls via various kinds of films.

Operations & Product Range

RFBL Flexi Pack Ltd. mainly works in the field of manufacturing and trading of multilayer flexible packaging materials with print work. This product category includes plastic film rolls and bags, which are needed for packaging in various industrial fields. Apart from manufacturing, the company also engages in the trading of woven fabric packaging materials and different types of polyethene laminated films. The company follows an integrated approach wherein the scrap material produced during the manufacturing process is also sold.

Facilities & Capacity

RFBL Flexi Pack Ltd. operates its manufacturing unit at Dhandha, Himatnagar, in the Sabarkantha district of Gujarat. This facility allows the company to maintain end-to-end control over the production process, from raw material procurement to final quality inspection and dispatch. The integrated nature of these operations supports effective resource management and helps the company maintain consistency in product quality while serving its primary markets in Gujarat and Rajasthan.

Brands & Market Presence

RFBL Flexi Pack Ltd. has managed to create a powerful market positioning strategy based on the capacity of the company to offer customised packaging solutions. One of the most significant advantages that the firm has over other players in the industry is its strategically located production facilities, which enable the company to enjoy proximity to the Rajasthan market, an area that the firm sees as having huge potential but lacking flexible packaging options.

Revenue Streams & Business Model

The primary revenue stream for RFBL Flexi Pack Ltd. is the domestic sale of manufactured and traded packaging products. For FY25, the company reported revenue from operations of ₹135.46 crore and the EBITDA was reported at ₹12.57 crore. The business model involves working closely with clients to provide tailor-made designs and material specifications that comply with specific sustainability and industry norms. Revenue is generated through both the direct sale of finished goods to end-users and the trading of complementary packaging materials like woven fabrics.

Management & Shareholding

The promoters of RFBL Flexi Pack Ltd. are Kunjit Maheshbhai Patel and Roopyaa Tradebizz Limited. Before the IPO, the promoters held a majority stake in the company, but after the IPO, the shareholding pattern will be adjusted to account for the fresh issue of up to 70.65 lakh equity shares, though the promoters will continue to hold a significant portion of the post-issue capital.

Board & Key Management

The leadership of RFBL Flexi Pack Ltd. is led by a team of experts with many years of experience. Kunjit Maheshbhai Patel serves as the Chairman & Managing Director and gives strategic direction to the firm and the daily operations. To ensure good governance, the board includes independent directors Kriya Dipakbhai Shah and Mayuri Bipinbhai Rupareliya for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.