SME

IPO ·

NSE SME

RFBL Flexi Pack Ltd

Listed

Incorporated in July 2005, RFBL Flexi Pack Ltd. manufactures and trades printed multilayer flexible packaging materials, such as plastic film rolls and pouches, primarily for packaging applications across various industries.

Issue details

Price band

₹47 – ₹50

Face value

₹10

Lot size

3,000 shares

Minimum investment

₹3,00,000

Issue size

₹35.33 Cr

Fresh issue

₹33.56 Cr

Offer for sale

—

Issue type

Book Built

Exchange

NSE SME

Key dates

Opens

12 May 2026

Closes

14 May 2026

UPI mandate cut-off

5:00 PM on 14 May 2026

Allotment

15 May 2026

Refunds

18 May 2026

Shares in demat

18 May 2026

Listing

19 May 2026

Subscription and listing

Subscription

21.46x

Listing price

₹52.50

Registrar

Kfin Technologies Ltd

Lead manager

Grow House Wealth Management

Subscription by category

Total

21.46x

Total applications

11,076

Listing day

Issue price

₹50

Open

₹52.50

High

₹55.10

Low

₹52.50

Day close

₹55.10

Listing gain at open

+5.00%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

3,60,000

5.10%

NII Shares Offered

21,33,000

30.19%

bNII > ₹10L

14,22,000

20.13%

sNII < ₹10L

7,11,000

10.06%

Retail Shares Offered

42,18,000

59.70%

Market Maker Shares Offered

3,54,000

5.01%

Total Shares Offered

70,65,000

100.00%

Finaccle’s quick read

Apply

FY25 income up 69%, PAT up 44%, ROE 19.26%, D/E 0.80, post-issue P/E 15.19x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in July 2005, RFBL Flexi Pack Ltd. manufactures and trades printed multilayer flexible packaging materials, such as plastic film rolls and pouches, primarily for packaging applications across various industries. It offers a wide range of customized products, including plastic film rolls and pouches, designed to meet the evolving needs of industries such as food, pharmaceuticals, and home care. The company also engages in the trading of Woven Fabric Packaging Material, Polyester Laminated, and other types of films. The company operates under a B2B model, serving clients needing high-quality, customised packaging solutions.

Founded

2005

2005

Promoters

Kunjit

Kunjit

Promoter holding

100% pre-issue; 69.7% post-issue

100% pre-issue; 69.7% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Sep 2025

Sep 2025

69.66

69.66

5.96

3.84

3.84

21.84

17.51

17.51

51.54

FY25

FY25

135.46

135.46

12.57

8.33

8.33

18.00

18.88

18.88

46.94

FY24

FY24

79.96

79.96

8.53

5.79

5.79

9.68

5.23

5.23

22.48

FY23

FY23

46.86

46.86

1.34

0.67

0.67

3.89

2.06

2.06

10.21

ROE

19.26%

ROCE

14.26%

Debt / equity

0.80

PAT margin

5.51%

P/E post issue

15.19

Market cap

₹116.58 Cr

Use of IPO money

To meet capital expenditure requirements

₹12.41 Cr

Funding working capital requirements

₹17.76 Cr

General corporate purposes

₹4.23 Cr

Issue Expenses

₹0.92 Cr

Strengths

✓

Revenue up 69% in FY25 to ₹135.46 Cr

✓

PAT up 44% in FY25 to ₹8.33 Cr

✓

ROE of 19.26% and ROCE of 14.26%

✓

Moderate leverage: debt to equity 0.80

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

!

Modest PAT margin of 5.51%

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.