RFBL IPO: RFBL Flexi Pack, a Gujarat-based packaging maker, has fixed a price band of Rs 47-50 per equity share for its initial public offering.

The RFBL Flexi Pack IPO will open for subscription on Tuesday, May 12, 2026, and close on Thursday, May 14, 2026. Shares are proposed to list on the NSE SME platform.

Financial statements show revenue from operations of Rs 135.46 crore in FY25, compared with Rs 79.96 crore in FY24. Profit after tax increased to Rs 8.33 crore in FY25, from Rs 5.79 crore a year earlier. The company said this performance supports its decision to raise equity capital through the RFBL Flexi Pack IPO.

RFBL Flexi Pack IPO structure and price band details

The RFBL Flexi Pack IPO consists only of a fresh issue, with no offer for sale component. The company plans to issue up to 70,65,000 equity shares of face value Rs 10 each through the book-building route. Grow House Wealth Management is acting as book running lead manager for the RFBL Flexi Pack IPO, while Kfin Technologies Ltd will function as registrar.

Business profile and operations of RFBL Flexi Pack IPO candidate

Established in 2005, RFBL Flexi Pack operates an integrated manufacturing facility and registered office at Himatnagar in Sabarkantha, near the Rajasthan-Gujarat border. The company stated that this location helps logistics and customer access across western and northern India. RFBL Flexi Pack also said its manufacturing operations follow ISO 9001:2015 certification standards.

RFBL Flexi Pack runs a business-to-business model focused on printed multilayer flexible packaging materials. The portfolio includes plastic film rolls, laminated films and pouches used by food and beverage, pharmaceutical, agriculture, home care and consumer goods companies. The RFBL Flexi Pack IPO-bound firm also trades woven fabric packaging, polyester laminated films and other speciality films.

Utilisation of RFBL Flexi Pack IPO proceeds and sector focus

The company has earmarked Rs 35 crore from the RFBL Flexi Pack IPO proceeds for repayment or prepayment of certain existing borrowings, either fully or partly. Remaining funds are planned for general corporate purposes and for meeting issue-related expenses. RFBL Flexi Pack said its products are designed for durability, moisture resistance, barrier protection, shelf appeal and practical functionality in use.

Demand for the company's packaging solutions comes from many industries that need flexible materials for branding and product safety. RFBL Flexi Pack supplies customised packaging formats for clients that seek specific sizes, structures and visual designs. With the RFBL Flexi Pack IPO scheduled this week, the company is entering the equity market with a fresh issue and a declared focus on reducing debt using a major portion of the capital raised.