| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹35.33 Cr |
| Reserved for Market Maker | ₹177.00 Cr |
| Net Issue Size | ₹35.33 Cr |
| Fresh Issue | ₹33.56 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน47.00-50.00 per share |
| NSE Code | RFBL |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Grow House Wealth Management... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 6,000 shares ยท Multiples of 3,000 shares
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. They specialize in multilayer plastic films, using manufacturing techniques to meet various packaging needs.
With a strong focus on durability, moisture resistance, and product safety, the company uses advanced materials like BOPP, CPP, and laminated films to deliver reliable packaging solutions. Its integrated business model combines manufacturing expertise with a robust trading network, enabling it to serve clients efficiently and at scale.
The company's manufacturing unit is situated in Himatnagar, Gujarat.
As of November 30, 2025, the company had 6 employees in various departments.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | To meet capital expenditure requirements | 12.41 |
| 2 | Funding working capital requirements | 17.76 |
| 3 | General corporate purposes | 4.23 |
| 4 | Issue Expenses | 0.92 |
| Total | 35.33 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 51.54 | 46.94 | 22.48 | 10.21 |
| Total Income | 69.66 | 135.46 | 79.96 | 46.86 |
| Profit After Tax | 3.84 | 8.33 | 5.79 | 0.67 |
| EBITDA | 5.96 | 12.57 | 8.53 | 1.34 |
| NET Worth | 21.84 | 18.00 | 9.68 | 3.89 |
| Reserves and Surplus | 5.59 | 16.75 | 8.43 | 2.64 |
| Total Borrowing | 17.51 | 18.88 | 5.23 | 2.06 |
| Amount in ₹ Crore | ||||
| KPI | Nov 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 19.26% | 60.18% |
| ROCE | 14.26% | 32.70% |
| Debt / Equity | 0.80% | 1.05% |
| RoNW | 19.26% | 60.18% |
| PAT Margin | 5.51% | 6.15% |
| EBITDA Margin | 8.55% | 9.28% |
| Price to Book Value | 3.72 | 4.51 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 5.13 | 3.29 |
| P/E (x) | 9.75 | 15.19 |
| Promoter Holding | 100.00% | 69.70% |
| Market Cap | โน116.58 Cr. | |