RFBL Flexi Pack IPO
Packaging • ₹35.33 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Heavy dependence on government or PSU customers
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹50
Issue Size
₹35.33 Cr
Open
12 May 2026
Close
14 May 2026
Subscription
52.6×
IPO Schedule
| Issue Open Date | 12 May 2026 |
| Issue Close Date | 14 May 2026 |
| Listing Date | 18 May 2026 |
About RFBL Flexi Pack
RFBL Flexi Pack Limited is engaged in the manufacturing and trading of printed multilayer flexible packaging materials, such as plastic film rolls and pouches used across various industries. The company also trades in woven fabric packaging materials, polyester laminated films, and other types of films. Its products are used for packaging applications in sectors including food, pharmaceuticals, and home and personal care products. The company manufactures printed multilayer adhesive laminated flexible plastic packaging materials using raw materials, such as CPP films, CPE films, BOPP films, metallised films, adhesives, and inks. RFBL Flexi Pack operates under a B2B model and also sells scrap generated from its manufacturing operations for further processing. The company’s manufacturing unit and registered office are located in Himatnagar, Gujarat, where it carries out both manufacturing and trading activities. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: To meet capital expenditure requirements — Rs 12.41 crore Funding working capital requirements — Rs 17.76 crore General corporate purposes
Company Details
Founders / Promoters
Mr Kunjit M. Patel
Founded
2005
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
RFBL Flexi Pack — IPOFins Verdict
QuantitativeDriven by QIB demand at 124.4x and elevated disclosed risk (8/10), RFBL Flexi Pack listed at a premium of 5.0% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- RFBL Flexi Pack Limited is ISO 9001:2015 certified for quality management systems related to multilayer adhesive flexible packaging materials and related products. The company claims to conduct qualit
- The company’s manufacturing facility is located in Himatnagar, Gujarat, near the Rajasthan border, which may provide logistical advantages for servicing customers across Gujarat and Rajasthan. The com
- RFBL Flexi Pack Limited claims to have an integrated manufacturing setup with in-house lamination and ink manufacturing capabilities. According to the company, this helps maintain control over print q
- The company operates from its owned manufacturing facility, which allows it to manage production, procurement, inventory, and delivery operations internally. The company claims that this reduces depen
- RFBL Flexi Pack Limited manufactures and trades in a diversified range of flexible packaging materials, including printed multilayer adhesive laminated packaging products, woven fabric packaging mater
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹50
Listing Price
₹52.5
Listing Gain/Loss
+5.00%
Listing Date
18 May 2026
Price Since Listing
Returns are measured against the ₹50 issue price.
Listing
₹52.5
+5.0%
Current
₹95.85
+91.7%
Want to buy this stock?
Trade RFBL Flexi Pack on the secondary market
FAQ
What is the price band of RFBL Flexi Pack IPO?
The price band is ₹50 per share with a lot size of 0 shares.
What does RFBL Flexi Pack do?
RFBL Flexi Pack Limited is engaged in the manufacturing and trading of printed multilayer flexible packaging materials, such as plastic film rolls and pouches used across various industries. The company also trades in woven fabric packaging materials, polyester laminated films, and other types of films. Its products are used for packaging applications in sectors including food, pharmaceuticals, and home and personal care products. The company manufactures printed multilayer adhesive laminated flexible plastic packaging materials using raw materials, such as CPP films, CPE films, BOPP films, metallised films, adhesives, and inks. RFBL Flexi Pack operates under a B2B model and also sells scrap generated from its manufacturing operations for further processing. The company’s manufacturing unit and registered office are located in Himatnagar, Gujarat, where it carries out both manufacturing and trading activities. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: To meet capital expenditure requirements — Rs 12.41 crore Funding working capital requirements — Rs 17.76 crore General corporate purposes
Should I apply for RFBL Flexi Pack IPO?
RFBL Flexi Pack listed at ₹52.5 (+5.0% premium to the ₹50 issue price) after 52.6x subscription. IPOFins Score 6/10: Driven by QIB demand at 124.4x and elevated disclosed risk (8/10), RFBL Flexi Pack listed at a premium of 5.0% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded RFBL Flexi Pack?
RFBL Flexi Pack was founded by Mr Kunjit M. Patel in 2005.