RFBL Flexi Pack IPO Update: Day 3 Subscription Figures Reach 2.05 Times

RFBL Flexi Pack Sees Strong Demand in Final Day of IPO Subscription

The initial public offering (IPO) of RFBL Flexi Pack, a Gujarat-based manufacturer of flexible packaging solutions, has seen strong demand on the final day of subscription. As of 12:35 pm on Thursday, May 14, the SME IPO has been subscribed 2.05 times, surpassing the initial expectations of the company.

RFBL Flexi Pack is engaged in the manufacturing and trading of printed multilayer flexible packaging products, catering to clients seeking high-quality and customized packaging solutions. The company operates on a Business-to-Business (B2B) model, specializing in the production of multilayer plastic films using advanced manufacturing technologies. Its key raw materials include Cast Polypropylene (CPP) films, Cast Polyethylene (CPE) films, BOPP films, metallised films, laminated films, specialized adhesives, and inks sourced from reputed suppliers.

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The retail investor portion saw a subscription of 1.95 times, while the Non-Institutional Investor (NII) and Qualified Institutional Buyer (QIB) categories were subscribed 2.42 times and 1.12 times, respectively. Overall, the SME IPO received bids for 1,37,67,000 shares against the 67,11,000 shares offered.

According to websites tracking the unlisted market, RFBL Flexi Pack IPO shares are commanding no premium in the grey market. The IPO is expected to list at around ₹50, matching its issue price and indicating neither gains nor losses for investors on debut.

RFBL Flexi Pack has fixed the price band for its IPO at ₹47-50 per equity share, with investors required to apply for a minimum lot size of 3,000 shares. The company aims to raise ₹35.32 crore through the public issue, which comprises a completely fresh issue of up to 70.65 lakh equity shares of face value ₹10 each.

The share allotment for the RFBL Flexi Pack IPO is likely to be finalised on May 15, 2026. The company is expected to list on the NSE SME platform on May 19, 2026, which is the tentative listing date. Grow House Wealth Management Pvt. Ltd. is serving as the book-running lead manager for the IPO, while Kfin Technologies Ltd has been appointed as the registrar to the issue.

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