RFBL Flexi Pack SME IPO
RFBL Flexi Pack IPO — date, price band, GMP & allotment 2026
RFBL Flexi Pack SME IPO will open from 12 May 2026 to 14 May 2026. The company, founded in 2005, is engaged in manufacturing and trading flexible packaging materials like multilayer plastic film rolls and pouches used across industries such as FMCG, food, and industrial packaging. RFBL operates on a B2B business model and mainly serves clients with customised packaging solutions. The company’s major manufacturing presence is in Himatnagar, Gujarat.
Stock price
RFBL Flexi Pack is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 14 May, 2026 |
|---|---|
| Price Band | ₹47 – ₹50 |
| Face Value | ₹10 |
| Lot Size | 3000 Shares |
| Issue Size | ₹35 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 3,00,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 3000 shares at the ₹50 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 6,000 | ₹3,00,000 |
| Retail (max) | 2 | 6,000 | ₹3,00,000 |
| HNI (min) | 3 | 9,000 | ₹4,50,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01ISO-certified manufacturing processes ensure consistent product quality and customer satisfaction levels.
- 02Gujarat-based manufacturing unit provides strong logistics and operational cost advantages.
- 03Company serves diversified industries including FMCG, pharma, agriculture, and food packaging.
- 04Experienced promoters support stable operations and long-term business expansion plans.
- 05Customised flexible packaging solutions help maintain strong and repeat customer relationships.
Risks · 5
- 01Economic slowdown in FMCG or pharma sectors may reduce packaging demand significantly.
- 02SME business scale remains relatively smaller compared to established packaging companies.
- 03Revenue concentration from limited customers can affect stability if orders decline.
- 04High competition in flexible packaging industry may impact margins and market share.
- 05Business depends heavily on raw material prices linked to crude oil fluctuations.
Three years of numbers
All figures in ₹ crore, as reported in the RFBL Flexi Pack offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the RFBL Flexi Pack RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
RFBL Flexi Pack IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹3.29 |
| P/E Ratio (x) | 15.19 |
| Market Cap at Offer Price (₹ Cr) | ₹58.36 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹50 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹60.35 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 9998825511
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of RFBL Flexi Pack?
The current Grey Market Premium is ₹1.5, or 3% over the issue price.
What is the RFBL Flexi Pack IPO price band?
₹47 to ₹50, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 May 2026, with listing on 19 May 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
