RFBL Flexi Pack IPO is a ₹35.33 crore SME issue that opened on May 12, 2026 and will close on May 14, 2026. The Gujarat-based flexible packaging company has fixed the price band at ₹47 to ₹50 per share, and the issue will list on the NSE SME platform.
IPO overview
RFBL Flexi Pack manufactures and trades printed multilayer flexible packaging materials, including plastic film rolls and pouches used in packaging applications. The company operates in the B2B packaging space, where demand is driven by consumer goods, food, and industrial packaging needs.
This is a fresh issue only, with no offer for sale component. That means the capital raised will go into the company’s growth and balance-sheet needs rather than promoter exit.
RFBL Flexi Pack Key IPO details
Here are the main details investors should track:
- Issue opens: May 12, 2026
- Issue closes: May 14, 2026
- Price band: ₹47 to ₹50 per share
- Issue size: ₹35.33 crore
- Fresh issue: 70.65 lakh shares
- Lot size: 3,000 shares
- Minimum investment: ₹1,50,000 at the upper band
- Listing date: May 19, 2026
The lot size makes the minimum investment relatively high for retail investors, which is standard for SME issues. That means the IPO is likely to attract investors with a higher risk appetite and an interest in small-cap industrial stories.
Subscription status
On Day 1, RFBL Flexi Pack IPO was subscribed 1.15 overall, with QIB at 1.12x and retail at 1.03x..
That suggests demand picked up as the issue progressed, especially from institutional participants. SME IPO subscription often changes quickly over the final day, so the closing numbers are important for gauging listing sentiment.
Where the money will be used
RFBL Flexi Pack plans to use a large portion of the IPO proceeds for repayment or prepayment of borrowings. Another part will go toward land acquisition, manufacturing facility development in Sabarkantha, Gujarat, plant and machinery, working capital, and general corporate purposes.
That makes this an expansion-and-deleveraging story. Investors will likely watch whether the company can use the funds to improve scale, efficiency, and profitability over time.
Business snapshot
RFBL Flexi Pack is a Gujarat-based packaging manufacturer focused on printed multilayer flexible packaging materials. The company’s product mix includes film rolls and pouches used across packaging applications.
Packaging businesses often benefit from steady demand, but margins can depend on raw-material costs, customer concentration, and capacity utilization. For that reason, investors usually assess both growth potential and operational discipline before applying to SME packaging IPOs.
Company Financials (Restated)
|
Period Ended |
30 Sep 2025 |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
51.54 |
46.94 |
22.48 |
10.21 |
|
|
69.66 |
135.46 |
79.96 |
46.86 |
|
|
3.84 |
8.33 |
5.79 |
0.67 |
|
|
5.96 |
12.57 |
8.53 |
1.34 |
|
|
21.84 |
18.00 |
9.68 |
3.89 |
|
|
5.59 |
16.75 |
8.43 |
2.64 |
|
|
17.51 |
18.88 |
5.23 |
2.06 |
|
|
Amount in ₹ Crore |
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How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
FAQs
