RFBL Flexi Pack IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 46.86 | 79.96 | 135.46 | 69.66 |
| Expense | 45.87 | 71.91 | 123.73 | 64.54 |
| Profit (PAT) | 0.67 | 5.79 | 8.33 | 3.84 |
| Total Assets | 10.21 | 22.48 | 46.94 | 51.54 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Uma Converter Limited | 1.33 | 14.85 | 4 |
| Sabar Flex India Limited | 0.37 | 13.92 | 2 |
Promoters: Kunjit Maheshbhai Patel and Roopyaa Tradebizz Limited
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,62,50,000 | 100.00% |
Strengths & Risks
- Strongly subscribed — 21.5x overall (so far).
- Strong institutional (QIB) demand — 124.4x.
- Revenue grew 69% in the latest reported year.
- Strong return on equity — 60%.
- Elevated leverage — debt/equity of 1.05.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
RFBL Flexi Pack, founded in July 2005, has been involved in the manufacturing and trading of printed flexible packaging products, like plastic film rolls and pouches, serving various industries. The firm offers a wide range of printed packing products, such as plastic film rolls and pouches for various industries such as food, pharmaceuticals, and home care. Along with packaging products, the company is also engaged in the trading of Woven Fabric Packaging Material, Polyester Laminated, and other types of films. The firm runs its business in a B2B segment known to deliver high-quality and customised packaging solutions, helping sectors to meet their packaging requirements. RFBL Flexi uses high-quality materials like BOPP, CPP, and laminated films to offer quality packaging solutions. Lastly, its manufacturing facility is located in Himatnagar, Gujarat.
RFBL Flexi Pack Ltd., Survey No 32, Plot No 15,, Behind Marutinandan Temple Dhandha, Sabarkantha, Himatnagar, Gujarat, 383001
| Purpose | Amount (Cr) |
|---|---|
| To meet capital expenditure requirements | 12.41 |
| Funding working capital requirements | 17.76 |
| General Corporate Purpose | - |
Resources & Documents
RFBL Flexi Pack has set a price band of Rs 47–Rs 50 per share for an issue size of Rs 35 crore. The stock listed with a 5.00% gain versus its issue price on May 19, 2026.
RFBL Flexi Pack, founded in July 2005, has been involved in the manufacturing and trading of printed flexible packaging products, like plastic film rolls and pouches, serving various industries. The firm offers a wide range of printed packing products, such as plastic film rolls and pouches for various industries such as food, pharmaceuticals, and home care.
The issue is promoted by Kunjit Maheshbhai Patel and Roopyaa Tradebizz Limited with Grow House Wealth Management Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards To meet capital expenditure requirements (Rs 12 crore) and Funding working capital requirements (Rs 18 crore).
On fundamentals, the company is posting revenue growth of 69.4%, a profit margin of 6.2%, return on equity of 60.2% in its most recent reported period. Listed peers in this segment include Uma Converter Limited (P/E 14.85x, market cap Rs 4 crore) and Sabar Flex India Limited (P/E 13.92x, market cap Rs 2 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
RFBL Flexi Pack IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. No grey market premium was recorded for RFBL Flexi Pack before it listed.
See the full RFBL Flexi Pack GMP history and trend, or learn how grey market premium works and how reliable it is.
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