RFBL Flexi Pack Limited, a flexible packaging products manufacturer, has launched its Book Built IPO to raise approximately ₹35.33 crore through a completely fresh issue of equity shares.

The IPO will open for subscription on May 12, 2026, and close on May 14, 2026. The shares are proposed to be listed on the NSE SME platform.

The IPO has attracted investor attention due to the company’s strong revenue growth and presence in the growing flexible packaging industry.

About RFBL Flexi Pack Limited

RFBL Flexi Pack Limited is engaged in the manufacturing, trading and supply of flexible packaging products across India.

The company manufactures:

• Multilayer flexible printed packaging materials
• Laminated printed pouches
• Packaging rolls
• Packaging films

These products are used across industries such as:

• Food packaging
• FMCG packaging
• Industrial packaging
• Consumer product packaging

The company provides customised packaging solutions to businesses for product safety and branding requirements.

Business Model Of The Company

RFBL Flexi Pack primarily earns revenue through:

• Manufacturing customised packaging products
• Sale of packaging materials to businesses
• Flexible packaging solution services

Its packaging products help customers with:

• Product protection
• Shelf-life enhancement
• Branding and marketing
• Storage and transportation efficiency

Flexible packaging demand has been increasing due to changing consumer preferences and rising packaged product consumption.

Flexible Packaging Industry In India

India’s flexible packaging sector has witnessed strong growth because of rising demand from:

• Food processing industry
• FMCG companies
• Pharmaceutical sector
• E-commerce packaging

Flexible packaging solutions are widely preferred because they offer:

• Lightweight packaging
• Better storage efficiency
• Improved product preservation
• Cost-effective transportation

The sector continues to expand with increasing urbanisation and packaged goods consumption.

Strong Revenue Growth

RFBL Flexi Pack has reported significant growth in revenue from operations over the past few years.

The growth reflects expanding business operations and increasing demand for packaging solutions.

RFBL Flexi Pack IPO Details

The IPO size is approximately ₹35.33 crore.

The issue consists entirely of a fresh issue of equity shares.

The fresh issue proceeds are expected to support business growth and operational expansion.

IPO Dates

The shares are proposed to be listed on the NSE SME Exchange.

Price Band And Market Capitalisation

The IPO price band has been fixed at:

• ₹47 to ₹50 per equity share

At the upper price band of ₹50 per share, the estimated market capitalisation of the company will be approximately:

• ₹116.58 crore

Lot Size And Investment Requirement

The IPO lot size has been fixed at 3,000 shares.

Retail Investor Requirement

Retail investors are required to apply for a minimum of:

• 2 lots
• 6,000 shares
• Minimum investment of ₹3,00,000

HNI Requirement

High Net-Worth Individuals are required to invest in:

• 3 lots
• 9,000 shares
• Minimum investment of ₹4,50,000

SME IPOs generally have higher minimum investment amounts due to larger lot sizes.

Lead Manager, Registrar And Market Maker

The IPO is being managed by:

• Grow House Wealth Management Private Limited as the Book Running Lead Manager

The registrar to the issue is:

• KFin Technologies Limited

The market maker for the IPO is:

• MNM Stock Broking Private Limited

These entities are responsible for managing IPO operations, allotment procedures and post-listing liquidity support.

RFBL Flexi Pack IPO GMP Today

The Grey Market Premium (GMP) of RFBL Flexi Pack IPO is currently estimated at:

• ₹0

This indicates neutral sentiment in the unofficial grey market.

Investors should remember:

• GMP is unofficial
• Grey market transactions are unregulated
• GMP does not guarantee listing performance

The premium depends entirely on demand and supply conditions in the unorganised market and is only for informational purposes.

Importance Of Flexible Packaging

Flexible packaging has become increasingly important across industries due to changing consumer habits and modern retail growth.

Businesses use flexible packaging for:

• Enhanced shelf appeal
• Product freshness
• Easy transportation
• Better storage management

The rise of packaged foods and e-commerce logistics has also supported industry demand.

Competitive Industry Landscape

The packaging industry remains highly competitive with multiple regional and organised players.

Companies often compete based on:

• Product quality
• Printing capability
• Pricing
• Delivery efficiency
• Client relationships

Innovation and customisation continue to play important roles in business growth.

SME IPO Market Activity Continues

India’s SME IPO market continues to witness participation from manufacturing and industrial companies seeking expansion capital.

SME listings help companies:

• Raise growth funds
• Improve market visibility
• Expand production capabilities
• Strengthen business credibility

At the same time, SME investments may involve higher volatility and lower liquidity compared to larger listed firms.

Key Factors Investors May Track

Investors evaluating the IPO may focus on:

• Revenue growth sustainability
• Client diversification
• Capacity expansion
• Raw material cost trends
• Packaging industry demand
• Profitability margins

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