RFBL Flexi Pack IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
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 | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Uma Converter Limited | 14.85 | 1.33 | 4 |
| Sabar Flex India Limited | 13.92 | 0.37 | 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
- 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%.
- Elevated leverage — debt/equity of 1.05.
Auto-generated from live GMP, subscription, valuation and financial data. 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.
| Purpose | Amount (Cr) |
|---|---|
| To meet capital expenditure requirements | 12.41 |
| Funding working capital requirements | 17.76 |
| General Corporate Purpose | - |
Resources & Documents
RFBL Flexi Pack Ltd., Survey No 32, Plot No 15,, Behind Marutinandan Temple Dhandha, Sabarkantha, Himatnagar, Gujarat, 383001
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.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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