RFBL Flexi Pack IPO
Bookbuilding IPO | ₹34.99 Cr | Listing at NSE SME
IPO Open
Tue, May 12, 2026
IPO Close
Thu, May 14, 2026
Price Band
₹47.00 to ₹50.00
Market Cap (Pre-IPO)
₹116.56 Cr
IPO Details
| IPO Date | May 12, 2026 to May 14, 2026 |
| Listing Date | May 19, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹47.00 to ₹50.00 |
| Lot Size | 3000 Shares (Minimum: ₹150,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Issue Size | ₹34.99 Crores |
| Total Shares Offered | 7,065,000 shares |
| Fresh Issue | 354,000 shares |
| Offer For Sale | 7,065,000 shares |
RFBL Flexi Pack IPO Lot Size
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹300,000 |
| Retail (Max) | 2 | 6,000 | ₹300,000 |
| S-HNI (Min) | 3 | 9,000 | ₹450,000 |
| S-HNI (Max) | 6 | 18,000 | ₹900,000 |
| B-HNI (Min) | 7 | 21,000 | ₹1,050,000 |
RFBL Flexi Pack Financial Information (Restated Consolidated)
| Period Ended | 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 60.18% |
| ROCE (Return on Capital Employed) | 32.70% |
| Debt/Equity | 1.05 |
| RoNW (Return on Net Worth) | 46.26% |
| PAT Margin (Profit After Tax Margin) | 6.15% |
| EBITDA Margin | 9.28% |
| Price to Book Value | 4.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.13 | 3.29 |
| P/E (x) | 9.75 | 15.19 |
| Promoter Holding | 100.00% | 69.70% |
Company Promoters
- The promoters of the company are Kunjit Maheshbhai Patel and Roopyaa Tradebizz Limited.
Company Overview
RFBL Flexi Pack – Company Overview
- Incorporated in July 2005, RFBL Flexi Pack Ltd. is engaged in the manufacturing and trading of multilayer flexible packaging materials.
Core Segments
- Flexible Packaging Products: Plastic film rolls and pouches
- Trading Products: Woven fabric packaging, polyester laminated films, and other specialty films
- The company provides customized packaging solutions for industries such as food, pharmaceuticals, and home care.
- It operates on a B2B business model, focusing on high-quality and durable packaging materials.
- The company uses advanced materials like BOPP, CPP, and laminated films to ensure moisture resistance, product safety, and durability.
- Its integrated business model combines manufacturing capabilities with a strong trading network, helping it serve clients efficiently.
- The manufacturing facility is located in Himatnagar, Gujarat.
- As of November 30, 2025, the company had 6 employees.
Company Strengths
- Strong Focus on Quality Assurance
- Strategic Location Advantage
- Experienced Leadership and Skilled Workforce
- Integrated and Self-Reliant Manufacturing Operations
- Customised and Flexible Product Offerings
- Strong Client Relationships and Repeat Business.
Use of Proceeds
| 1) | To meet capital expenditure requirements | 12.41 |
| 2) | Funding working capital requirements | 17.76 |
| 3) | General corporate purposes | |
| Total | 30.18 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
RFBL Flexi Pack IPO Peer Comparison
RFBL Flexi Pack peer comparison with similar listed entities. (As on March 28, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| RFBL Flexi Pack Limited | 5.13 | 5.13 | 11.08 | - | 60.18 | - | - |
| Uma Converter Limited | 1.33 | 1.33 | - | 14.47 | 3.66 | 68.46 | Consolidated |
| Sabar Flex India Limited | 0.37 | 0.28 | - | 17.71 | 13.92 | 2.12 | Consolidated |
Quick Info
| Sector | Packaging & Disposables |
| Exchange | NSE SME |
| Market Cap (Pre-IPO) | ₹116.56 Cr |
Important Dates
| IPO Open | May 12, 2026 |
| IPO Close | May 14, 2026 |
| Allotment Date | May 15, 2026 |
| Credit to Demat | May 18, 2026 |
| Listing Date | May 19, 2026 |
Lead Manager(s)
Grow House Wealth Management Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- IPO Type: Book build issue aggregating to ₹35.33 crores.
- Issue Structure: Entirely a fresh issue of 0.71 crore shares totaling ₹35.33 crores.
- IPO Dates: The issue opens on May 12, 2026 and closes on May 14, 2026.
- Allotment Date: Expected to be finalized on May 15, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of the National Stock Exchange of India (NSE SME) with a tentative listing date of May 19, 2026.
- Retail Investment Requirement: Minimum 2 lots (6,000 shares) amounting to approximately ₹3,00,000 (at upper price band).
- HNI Investment Requirement: Minimum 3 lots (9,000 shares) totaling around ₹4,50,000.
- IPO Price Band: ₹47 to ₹50 per equity share.
- Lot Size: 3,000 shares per lot.
This IPO offers investors an opportunity to participate in the flexible packaging and manufacturing sector, subject to market risks.