RFBL Flexi Pack, a Gujarat-based manufacturer and trader of printed multilayer flexible packaging materials, is set to launch its initial public offering (IPO) on Tuesday, May 12. The subscription window will close on Thursday, May 14, with the anchor book opening a day prior, on Monday, May 11, 2026.
IPO Price and Issue Details
The company has established a price band of Rs 47 to Rs 50 per equity share for the IPO. This offering consists of a fresh issue of up to 70,65,000 equity shares, each with a face value of Rs 10. The IPO will be listed on the NSE SME platform following its conclusion.
Grow House Wealth Management has been appointed as the book-running lead manager for the issue, while Kfin Technologies Ltd will serve as the registrar.
Purpose of the Issue
RFBL Flexi Pack intends to utilize a significant portion of the IPO proceeds, specifically Rs 35 crore, towards the repayment or prepayment of certain existing company borrowings. The remaining funds will be allocated for general corporate purposes and covering issue-related expenses.
Company Background and Operations
Established in 2005, RFBL Flexi Pack operates on a business-to-business (B2B) model. The company specializes in manufacturing and trading a diverse range of flexible packaging materials, including plastic film rolls, laminated films, and pouches. These products cater to various industries, such as food and beverage, pharmaceuticals, agriculture, home care, and consumer goods.
In addition to its core offerings, RFBL Flexi Pack also deals in woven fabric packaging materials, polyester laminated films, and other specialty films. The company prides itself on offering customized packaging solutions designed for durability, moisture resistance, barrier protection, enhanced shelf appeal, and overall functionality.
The company's integrated manufacturing facility and registered office are located in Himatnagar, Sabarkantha, near the Rajasthan-Gujarat border. This strategic location facilitates efficient logistics and market access across western and northern India. RFBL Flexi Pack's manufacturing processes adhere to ISO 9001:2015 certification standards.
Financial Performance
RFBL Flexi Pack has demonstrated robust financial growth. For the fiscal year 2025 (FY25), the company reported revenue from operations of Rs 135.46 crore, a substantial increase from Rs 79.96 crore in FY24. Profit after tax also saw a healthy rise, climbing to Rs 8.33 crore in FY25 from Rs 5.79 crore in the previous fiscal year.
Key Dates for RFBL Flexi Pack IPO
- Anchor Book Opening: May 11, 2026
- IPO Subscription Opening: May 12, 2026
- IPO Subscription Closing: May 14, 2026
- Price Band: Rs 47 to Rs 50 per equity share