RFBL Flexi Pack Limited is engaged in the manufacturing and trading of printed multilayer flexible packaging materials, including plastic film rolls and pouches used for packaging across various industries.
The company offers customized flexible packaging solutions for sectors such as food, pharmaceuticals, home care, and personal care. Its products are designed to provide durability, moisture resistance, and barrier protection, making them suitable for packaging snacks, spices, grains, medical products, detergents, and other household consumables.
RFBL Flexi Pack also trades in Woven Fabric Packaging Material, Polyester Laminated films, and other types of films. In addition, scrap generated from business operations is sold to business entities for further processing and use.
The company operates on a Business-to-Business (B2B) model, serving clients who require high-quality and customized packaging solutions. Its manufacturing process uses materials such as CPP films, CPE films, BOPP films, metallized films, laminated films, adhesives, and inks sourced from reputed suppliers.
The company’s manufacturing facility is located at Himatnagar, Gujarat. As of November 30, 2025, RFBL Flexi Pack had 9 permanent employees and 24 daily wage workers, hired based on operational requirements.
RFBL Flexi Pack IPO – Details
| IPO Opening Date | 12 May 2026 |
| IPO Closing Date | 14 May 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 70,65,000 Shares Worth ₹35.33 Crore Fresh Issue: 70,65,000 Shares Worth ₹35.33 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹47 – ₹50 per share |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 5.37% |
| NII Shares Offered | 31.78% |
| Retail Shares Offered | 62.85% |
RFBL Flexi Pack IPO – Date Schedule
| IPO Open Date | 12 May 2026 |
| IPO Close Date | 14 May 2026 |
| Basis of Allotment | 15 May 2026 |
| Initiation of Refund | 18 May 2026 |
| Credit of Shares to Demat | 18 May 2026 |
| IPO Listing Date | 19 May 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2026 |
RFBL Flexi Pack IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹3,00,000 |
| Retail (Max) | 2 | 6,000 | ₹3,00,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,50,000 |
| S-HNI (Max) | 6 | 18,000 | ₹9,00,000 |
| B-HNI (Min) | 7 | 21,000 | ₹10,50,000 |
Competitive Strength
- 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.
Company Promoters
- Kunjit Maheshbhai Patel
- Roopyaa Tradebizz Limited
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹46.86 Cr | ₹45.87 Cr | ₹0.67 Cr | ₹2.06 Cr |
| 31 March 2024 | ₹79.96 Cr | ₹71.91 Cr | ₹5.79 Cr | ₹5.23 Cr |
| 31 March 2025 | ₹135.46 Cr | ₹123.73 Cr | ₹8.33 Cr | ₹18.88 Cr |
| 30 November 2025 | ₹69.66 Cr | ₹64.54 Cr | ₹3.84 Cr | ₹17.51 Cr |
Key Performance Indicator
| KPI | Values (Nov 30, 2025) |
|---|---|
| ROE | 19.26% |
| ROCE | 14.26% |
| Debt/Equity | 0.80 |
| RoNW | 17.57% |
| PAT Margin | 5.51% |
| EBITDA Margin | 8.55% |
| Price to Book Value | 3.72% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.13 | 3.29 |
| P/E (x) | 9.75 | 15.19 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To meet capital expenditure requirements. | ₹12.41 |
| Funding working capital requirements. | ₹17.76 |
| General corporate purposes. | – |
✅Strengths
- Strong focus on quality assurance with ISO 9001:2015 certification.
- Strategic location advantage at Himatnagar, Gujarat, near Rajasthan.
- Experienced management and team.
- Owned manufacturing facility, giving better control over production.
- Diversified product range for customized flexible packaging solutions.
⚠️Risks
- Loss of key managerial personnel may affect operations.
- High dependence on a few customers for revenue.
- Under-utilization of manufacturing capacity may affect performance.
- Trading revenue has increased, which may affect margins.
- Plastic/environmental regulations may impact business operations and costs.
RFBL Flexi Pack IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.70% |
RFBL Flexi Pack IPO Prospectus
Company Contact Information
| RFBL Flexi Pack Ltd. Survey No 32, Plot No 15, Behind Marutinandan Temple, Dhandha Sabarkantha, Himatnagar, Gujarat, 383001 Phone: +91 9998825511 Email: info@rfblflexipack.com Website: https://rfblflexi.com/ |
RFBL Flexi Pack IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: rfbl.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
RFBL Flexi Pack IPO Lead Manager(s)
| 1. Grow House Wealth Management Pvt. Ltd. |
RFBL Flexi Pack IPO FAQ
| What is the RFBL Flexi Pack IPO? RFBL Flexi Pack IPO is an SME IPO. The issue is priced at ₹47 – ₹50 per equity share. The IPO is to be listed on NSE SME. |
| When will RFBL Flexi Pack IPO open? The IPO is to open on 12 May 2026 for QIB, NII, and Retail Investors. |
| What is RFBL Flexi Pack IPO Investors’ Portion? The investors’ portion for QIB – 5.37%, NII – 31.78%, and Retail – 62.85%. |
| What is the RFBL Flexi Pack IPO Size? RFBL Flexi Pack IPO size is ₹35.33 Crore. |
| What are the RFBL Flexi Pack IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 6000 Shares for ₹3,00,000, while the maximum bid is 6000 Shares for ₹3,00,000. |
| What is the RFBL Flexi Pack IPO Allotment Date? RFBL Flexi Pack IPO allotment date is 15 May 2026. |
| What is the RFBL Flexi Pack IPO Listing Date? RFBL Flexi Pack IPO listing date is 19 May 2026. The IPO is to be listed on the NSE SME. |
