IPO Listed — 19 May 2026
Listing Price: ₹52.50
RFBL Flexi Pack SME IPO GMP History | Listing Price ₹52.50 & Kostak Rate
RFBL Flexi Pack SME IPO has been listed on May 19, 2026 at a listing price of ₹52.50, against the issue price of ₹50 — a gain of ₹2.5 (+5%). The GMP peaked at ₹8 on 9 May 2026 and reached a low of ₹0 on 17 May 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
RFBL Flexi Pack SME IPO raised ₹35 Cr. through its IPO at a price band of ₹47 to ₹50 per share, with a lot size of 3000 shares. The IPO was open for subscription from 12 May 2026 to 14 May 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 18 May 2026 | ₹ 1.5 | 3% | ₹ 0 | ₹ 4000 | |
| 17 May 2026 | ₹ 0 | -- | ₹ 0 | ₹ 4000 | |
| 15 May 2026 | ₹ 0 | -- | ₹ 0 | ₹ 4000 | |
| 14 May 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 13 May 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 12 May 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 11 May 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 10 May 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 09 May 2026 | ₹ 8 | 16% | ₹ 0 | ₹ 0 | |
| 08 May 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
RFBL Flexi Pack SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 12 May, 2026 |
| Close Date | 14 May, 2026 |
| Allotment Date | 15 May, 2026 |
| Refund Date | 18 May, 2026 |
| Credit to Demat | 18 May, 2026 |
| Listing Date | 19 May, 2026 |
RFBL Flexi Pack SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹50 |
| GMP-Based Estimate (Pre-Listing) | ₹51 (+2%) |
| Actual Listing Price | ₹52.50 (+5%) |
| Listing Gain / Loss | +₹2.5 per share |
| Listing Date | 19 May, 2026 |
Is RFBL Flexi Pack SME IPO GMP Reliable?
Grey market premium for RFBL Flexi Pack SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the RFBL Flexi Pack SME IPO full review for a fundamentals-based assessment before making any grey market trades.
RFBL Flexi Pack SME IPO IPO Kostak Rate Explained
The Kostak rate for RFBL Flexi Pack SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹4000, SHNI: ₹, BHNI: ₹. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About RFBL Flexi Pack SME IPO
The company offers products such as printed multilayer plastic film rolls, pouches, woven fabric packaging materials, polyester laminated films, stretch films, liner bags, and co-extruded PE films. RFBL Flexi Pack mainly operates on a B2B business model, supplying customised packaging solutions to industries like food, pharmaceuticals, agriculture, FMCG, and home care products. The company focuses on delivering durable and moisture-resistant packaging with strong quality standards backed by ISO 9001:2015 certification. Its business strategy is centred on product customisation, technology adoption, and expanding manufacturing capabilities.
Strengths & Risks
Strengths
- ✓ ISO-certified manufacturing processes ensure consistent product quality and customer satisfaction levels.
- ✓ Gujarat-based manufacturing unit provides strong logistics and operational cost advantages.
- ✓ Company serves diversified industries including FMCG, pharma, agriculture, and food packaging.
- ✓ Experienced promoters support stable operations and long-term business expansion plans.
- ✓ Customised flexible packaging solutions help maintain strong and repeat customer relationships.
Risks
- ⚠ Economic slowdown in FMCG or pharma sectors may reduce packaging demand significantly.
- ⚠ SME business scale remains relatively smaller compared to established packaging companies.
- ⚠ Revenue concentration from limited customers can affect stability if orders decline.
- ⚠ High competition in flexible packaging industry may impact margins and market share.
- ⚠ Business depends heavily on raw material prices linked to crude oil fluctuations.
Frequently Asked Questions about RFBL Flexi Pack SME IPO
What is the GMP of RFBL Flexi Pack SME IPO?
The current Grey Market Premium (GMP) of RFBL Flexi Pack SME IPO is ₹ 1.5.
What is the Kostak Price of RFBL Flexi Pack SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for RFBL Flexi Pack SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of RFBL Flexi Pack SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 4000, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of RFBL Flexi Pack SME IPO?
RFBL Flexi Pack SME IPO listed on May 19, 2026 at ₹52.50, against the issue price of ₹50 — a gain of +5%.
How did the GMP of RFBL Flexi Pack SME IPO trend before listing?
The GMP of RFBL Flexi Pack SME IPO was rising in its final days before listing. The GMP peaked at ₹8 on 9 May 2026. View the day-wise table above for the complete GMP history.
Explore RFBL Flexi Pack SME IPO Further
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