RFBL Flexi Pack IPO

Listed SME
Open May 12
Close May 14
Allotment May 15
Refund May 18
Listing May 19

Market Sentiment

Grey Market Premium What is GMP?
GMP not available yet
This section updates automatically once data is available.
Subscription Status
QIB
124.39x
NII
24.29x
bNII (>10L)
29.11x
sNII (2-10L)
14.65x
Retail
11.34x
Total
21.52x
Updated: May 14, 2026 5:01 pm IST
Analysis Score 49 / 100
Neutral
Data: 45%
Subscription Score 40
Financial Health 66
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹47-50 per equity share
Face Value₹10 Per Equity Share
Total Issue Size ₹35.33 crore
Fresh Share₹35.33 crore
Issue TypeBook build Issue
Lead ManagerGrow House Wealth Management Pvt. Ltd.
RegistrarKfin Technologies Ltd.
Listing atNSE
NSE SymbolRFBL
Listing Price₹52.50
Listing Gain+5.00%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 6,000 ₹3,00,000
Retail Maximum 2 6,000 ₹3,00,000
S-HNI Minimum 3 9,000 ₹4,50,000
S-HNI Maximum 6 18,000 ₹9,00,000
B-HNI Minimum 7 21,000 ₹10,50,000
Budget to Lots Calculator

IPO Reservation

Category Shares Offered Shares %
QIB3,60,0005.37%
NII (HNI)21,33,00031.78%
bNII > ₹10L14,22,00021.19%
sNII < ₹10L7,11,00010.59%
Retail42,18,00062.85%
Total67,11,000

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 1.12x 1.12x 124.39x
NII 1.59x 1.96x 24.29x
bNII > ₹10L 2.35x 2.67x 29.11x
sNII 2-10L 0.09x 0.54x 14.65x
Retail 1.07x 1.55x 11.34x
Total 1.18x 1.57x 21.52x

Financial Analysis

Financial Data
ROE
60.18%
ROCE
32.70%
Debt/Equity
1.05
NAV/Share
Rs 11.08
Revenue Growth
69.41%
Profit Margin
6.15%
Financial Performance
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
Values in Crores (₹)
Peer Comparison
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 & Holding Pattern

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

Strengths
  • Heavily oversubscribed — 21.5x overall (so far).
  • Strong institutional (QIB) demand — 124.4x.
  • Revenue grew 69% in the latest reported year.
  • Strong return on equity — 60%.
Risks & Concerns
  • Elevated leverage — debt/equity of 1.05.

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

About RFBL Flexi Pack

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.

Objects of the Issue
Purpose Amount (Cr)
To meet capital expenditure requirements 12.41
Funding working capital requirements 17.76
General Corporate Purpose -

Resources & Documents

Company Contact Information

RFBL Flexi Pack Ltd., Survey No 32, Plot No 15,, Behind Marutinandan Temple Dhandha, Sabarkantha, Himatnagar, Gujarat, 383001

RFBL Flexi Pack IPO — Quick Take

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).

Final subscription data records overall subscription at 21.52x, retail at 11.34x, QIB at 124.39x, NII at 24.29x.

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.

Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of RFBL Flexi Pack IPO is Rs 47 to Rs 50 per share. Face value is Rs 10 per share.

The total issue size of RFBL Flexi Pack IPO is Rs 35 crore, comprising fresh issue of Rs 35 crore.

RFBL Flexi Pack IPO opens for subscription on May 12, 2026 and closes on May 14, 2026.

The expected allotment date for RFBL Flexi Pack IPO is May 15, 2026. Refunds for unsuccessful applicants are expected on May 18, 2026.

RFBL Flexi Pack IPO is scheduled to list on May 19, 2026 on NSE. BSE script code: –, NSE symbol: RFBL, ISIN: –.

RFBL Flexi Pack IPO is currently subscribed 21.52 times overall — retail at 11.34x, QIB at 124.39x, NII at 24.29x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 11.34x for RFBL Flexi Pack IPO, the estimated retail allotment probability is approximately 10.1%. This is a moderate probability of allotment.

The registrar for RFBL Flexi Pack IPO is Kfin Technologies Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for RFBL Flexi Pack IPO are Grow House Wealth Management Pvt. Ltd..

The promoter(s) of RFBL Flexi Pack are Kunjit Maheshbhai Patel and Roopyaa Tradebizz Limited.

RFBL Flexi Pack IPO GMP — What It Means

No active grey market premium has been recorded for RFBL Flexi Pack IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.

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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