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.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 25 Aug, 12:55 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| 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
Key dates from opening to listing. Today is 20 September.
- Open 12 May 2026
- Close 14 May 2026
- Allotment 15 May 2026
- Refund/credit 18 May 2026
- Listing 19 May 2026
RFBL Flexi Pack SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹50 |
|---|---|
| GMP-based estimate (pre-listing) | ₹51 (+2%) |
| Listing gain / loss | +₹2.5 per share |
| Listing date | 19 May, 2026 |
| Actual listing price | ₹52.50 (+5%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-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 Kostak rate explained
Two ways the grey market trades an IPO application before listing.
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
RFBL Flexi Pack Limited was established in 2005 and is engaged in the manufacturing and trading of flexible packaging materials. The company started with a focus on multilayer packaging products and has gradually expanded its presence in the packaging industry through customised solutions and quality-driven operations. Its manufacturing facility is located in Himatnagar, Gujarat, which provides logistical advantages for serving customers across Gujarat, Rajasthan, and other western Indian markets. The company is led by promoters including Kunjit Maheshbhai Patel and other experienced professionals from the packaging sector.
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.
Frequently asked
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
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
