RFBL Flexi Pack Ltd IPO
Packaging
Price Band
₹47 – ₹50
Lot Size
3000
Minimum Bid Quantity
6000
Minimum Investment
₹300000
Issue Size
₹35.33Cr
Opens
2026-05-12
Closes
2026-05-14
Listing
19-05-2026
Subscription Status
Qualified Institutional Buyers
124.39 x
Non-Institutional Investor
20.82 x
Retail Individual Investor
11.18 x
Total
52.61 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0V2V01015
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
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
Pros
- • 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 quality checks from the procurement of raw materials to the final dispatch of products to maintain consistency in packaging standards.
- • 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 company claims that the location helps reduce transportation costs and delivery timelines while benefiting from demand in regions with relatively lower flexible packaging infrastructure.
- • 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 quality, colour consistency, customisation, and product specifications for clients across industries.
Cons
- • The company, its promoters, and directors are involved in certain ongoing legal proceedings before various courts and legal forums. Any adverse decision in these proceedings could negatively impact the company’s business operations, cash flows, financial condition, and overall prospects.
- • The company derives a significant portion of its revenue from a limited number of customers. The top 5 customers contributed Rs 108.14 crore (79.83%), Rs 59.81 crore (74.80%), and Rs 43.50 crore (92.84%) in FY25, FY24, and FY23, respectively. Any failure to retain these customers, reduction in orders, delays in payments, or loss of business from these clients could adversely affect the company’s revenue and financial condition.
- • The company operates in the plastic-based flexible packaging industry, which is subject to increasing environmental regulations and waste management norms. Any adverse changes in government policies related to plastic usage, recycling requirements, or sustainable packaging standards could increase the company’s compliance and operating costs.
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