RFBL Flexi Pack was incorporated on July 11, 2005. The company manufactures and trades printed multilayer flexible packaging materials, including plastic film rolls and pouches, primarily for B2B clients across food, pharmaceutical, and personal care industries. Its customized packaging solutions are designed for durability and barrier protection, using advanced multilayer film technologies and high-quality raw materials
| Bidding Dates |
|---|
| 12 May 2026 - 14 May 2026 |
| Subscription |
|---|
| 20.45x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,82,000 | 2 | 2 | 3000 | 7.1 M | ₹47 - ₹50 | 69.7 % | ₹332.1 M - ₹353.3 M | RHP DOC |
RFBL Flexi Pack IPO SUBSCRIPTION STATUS
14 May '26RFBL Flexi Pack IPO overall subscription rate was 20.45 times the total available shares
RFBL Flexi Pack IPO retail subscription rate was 10.79 times in the retail segment
RFBL Flexi Pack IPO non-institutional investor subscription rate was 23.07 times in the non-institutional investor category
RFBL Flexi Pack IPO Qualified Institutional Bidder subscription rate was 118.03 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 62.85% | 31.78% | 5.37% |
14 May 2026 (Day 3) | 10.79x | 23.07x | 118.03x |
13 May 2026 (Day 2) | 1.47x | 1.87x | 1.06x |
12 May 2026 (Day 1) | 1.02x | 1.52x | 1.06x |
RFBL Flexi Pack FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 8MFY26 | 69.7 | 3.8 | 1.9 | 1.9 | 8.6% |
| FY25 | 135.5 | 8.3 | -12.4 | -13.1 | 9.3% |
| FY24 | 80.0 | 5.8 | -0.5 | -2.9 | 10.7% |
| FY23 | 46.9 | 0.7 | 0.5 | -0.3 | 2.9% |
RFBL Flexi Pack IPO SUBSCRIPTION STATUS DETAILS
RFBL Flexi Pack had 7.1 M shares on offer
RFBL Flexi Pack IPO offer price was in the range ₹47 - ₹50
RFBL Flexi Pack IPO minimum Investment was ₹282000
RFBL Flexi Pack IPO issue size was ₹ 332.1 M - ₹ 353.3 M
RFBL Flexi Pack had a minimum lot size of 3000 Shares per application
RFBL Flexi Pack NUMBER OF SHARES ON OFFER
RFBL Flexi Pack IPO IMPORTANT DATES
| Issue Open Date | 12 May 2026 |
| Issue close Date | 14 May 2026 |
| Allotment Date | 15 May 2026 |
| Refund Date | 18 May 2026 |
| Demat Account Credit Date | 18 May 2026 |
| Listing Date | 19 May 2026 |
| Listing on Exchange(s) | NSE |
| RFBL Flexi Pack Allotment Status | Exchange/ Registrar |
RFBL Flexi Pack IPO subscription opened on 12 May 2026, and closed on 14 May 2026
IPO allotment for RFBL Flexi Pack was finalized on Friday, 15 May 2026
IPO listing for RFBL Flexi Pack was on NSE on Tuesday, 19 May 2026
RFBL Flexi Pack IPO LISTING GAINS
| Issue Price (adjusted) | 50.0 |
| Listing Open Price | 52.5 |
| Listing Close Price | 55.1 |
| Listing Gain% | 5.0% |
| Current Gain% | 66.3% |
RFBL Flexi Pack Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RFBL Flexi Pack Ltd. | 83.2 | 193.9 | 23.5 | -25.5 | 1.3 | 31.1 | 16.5 | 148.4 | 9.5 | 8.3 | -0.9 | 3.5 | -0.9 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
RFBL Flexi Pack INFORMATION ON IPO ISSUE
About RFBL Flexi Pack
RFBL Flexi Pack was incorporated on July 11, 2005. The company manufactures and trades printed multilayer flexible packaging materials, including plastic film rolls and pouches, primarily for B2B clients across food, pharmaceutical, and personal care industries. Its customized packaging solutions are designed for durability and barrier protection, using advanced multilayer film technologies and high-quality raw materials
Object of the Issue
- To meet capital expenditure requirements for acquisition of land for Establishing manufacturing facility at Sabarkantha, Gujarat admeasuring 4,502 square meters
- To meet capital expenditure requirements for construction and development of infrastructure and associated facilities
- To meet capital expenditure requirements for purchase of plant and machinery
- Funding working capital requirements
- General corporate purposes
RFBL Flexi Pack - PROMOTERS
| Name |
|---|
| Roopyaa Tradebizz Limited |
RFBL Flexi Pack - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Kunjit Maheshbhai Patel | Chairman & Managing Director |
| Amit Punambhai Parmar | Executive Director |
| Dipika Balkrushna Shah | Non-Executive Independent Director |
| Kriya Dipakbhai Shah | Non-Executive Independent Director |
| Mayuri Bipinbhai Rupareliya | Non-Executive Independent Director |
RFBL Flexi Pack Book Running Lead Manager
Grow House Wealth Management Private Limited
ipo@growhousewealth.com
RFBL Flexi Pack Registrar to the issue
Kfin Technologies Limited
rfbl.ipo@kfintech.com
RFBL Flexi Pack Strengths
Diversified product range
The company’s manufacturing capabilities support the production of customized packaging solutions tailored to the requirements of different industries and applications. Its focus on design flexibility, material specifications, and sustainability helps enhance customer satisfaction and responsiveness to market needs
Customer-centric approach
The company has developed strong relationships with repeat customers through its focus on quality, reliability, and responsive service. Its customer-centric approach and timely deliveries have helped secure consistent business and support future growth\
Quality assurance
The company places strong emphasis on quality, with products undergoing rigorous checks from raw material procurement to final production. Its commitment to quality is supported by ISO 9001:2015 certification for multilayer adhesive flexible packaging materials and related products
RFBL Flexi Pack Risks
Competition
The company faces intense competition from existing and new packaging manufacturers, which may impact its ability to retain customers and maintain market share. Competitive pricing, higher production capacity, or inability to pass on rising costs could adversely affect its profitability and financial performance
Depend on third party transportation
The company relies on third-party transportation providers for the movement of raw materials and delivery of finished products. Any disruption in logistics services could adversely impact its supply chain, operations, and timely delivery to customers
Manufacturing hazards & safety risk
The company’s manufacturing operations involve hazardous materials and machinery, exposing it to risks of accidents, injuries, property damage, and environmental harm. Any such incident could disrupt operations, lead to legal liabilities, and adversely affect its financial performance and reputation
IPO FAQs
The promoter of the company is Roopyaa Tradebizz Limited.
The category allocation of qualified institutional buyers is 5.4%, the category allocation of non individual investors or high networth individuals is 31.8% and for retail investors it is 62.8%.
The price band of the IPO is Rs 47.0 - 50.0.
The IPO application opens on May 12, 2026 and closes on May 14, 2026.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 282,000.0, the maximum value for this IPO is Rs 300,000.0.
This IPO will be allotted on May 15, 2026.
The refund will be credited to your account on May 18, 2026.
The allotted shares will be credited to your demat on May 18, 2026.
RFBL Flexi Pack Ltd.’s shares listed on the stock exchanges on May 19, 2026.