K2m
ANGEL ONE
(₹20/Trade)
Open Account
MOTILAL OSWAL
Open Account
Stock Market Institue
Trial Class
Book Now


IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Open

Tue, May 12, 2026

IPO Close

Thu, May 14, 2026

Price Band

₹47 to ₹50

Market Cap (Pre-IPO)

₹116.58 Cr

IPO Details

  • IPO Date
    12 to 14 May, 2026
  • Listing Date
    Tue, May 19, 2026T
  • Face Value
    ₹10 per share
  • Price Band
    ₹47 to ₹50
  • Lot Size
    3,000 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    NSE SME
  • Total Issue Size
    70,65,000 shares (agg. up to ₹35 Cr)
  • Reserved for Market Maker
    67,11,000 shares (agg. up to ₹34 Cr)
  • Fresh Issue (Ex Market Maker)
    3,54,000 shares (agg. up to ₹2 Cr)
  • Net Offered to Public
    3,54,000 shares (agg. up to ₹2 Cr)
  • Share Holding Pre Issue
    1,62,50,000 shares
  • Share Holding Post Issue
    2,33,15,000 shares

IPO Timetable (Tentative)

  • IPO Open
    Tue, May 12, 2026
  • Allotment
    Fri, May 15, 2026
  • Credit of Shares
    Mon, May 18, 2026
  • IPO Close
    Thu, May 14, 2026
  • Refund
    Mon, May 18, 2026
  • Listing
    Tue, May 19, 2026

Recode Studios SME IPO Day-wise GMP Trend

  • GMP Date
    IPO Price
    GMP
    Est. Listing Price
    Est. Profit*
    Last Updated

  • 07-05-2026

    ₹50.00

    ₹0 ─

    ₹50 (0.00%)

    ₹0

    7-May-2026 10:54

Issue Reservation

RFBL Flexi Pack IPO comprises a total issue size of 67,11,000 shares. The net offer to the public is 0 shares, after excluding 67,11,000 shares allotted on a firm basis. Of the Net offer .

Investor Category Shares Offered
Firm Reservations
Market Maker Shares Offered 67,11,000
Total Shares Offered 67,11,000

 

IPO Lot Size

Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 6,000 ₹3,00,000
Individual investors (Retail) (Max) 2 6,000 ₹3,00,000
S-HNI (Min) 3 9,000 ₹4,50,000
S-HNI (Max) 6 18,000 ₹9,00,000
B-HNI (Min) 7 21,000 ₹10,50,000

IPO Subscription Details

About RFBL Flexi Pack Ltd.

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

  1. Strong Focus on Quality Assurance
  2. Strategic Location Advantage
  3. Experienced Leadership and Skilled Workforce
  4. Integrated and Self-Reliant Manufacturing Operations
  5. Customised and Flexible Product Offerings
  6. Strong Client Relationships and Repeat Business.

Company Financials (Restated)

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

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 To meet capital expenditure requirements
    12.41
  • 2 Funding working capital requirements
    17.76
  • 4 General corporate purposes
  • Total
    30.18

Key Performance Indicator (KPI)

KPI Nov 30, 2025 Mar 31, 2025
ROE 19.26% 60.18%
ROCE 14.26% 32.70%
Debt/Equity 0.80 1.05
RoNW 17.57% 46.26%
PAT Margin 5.51% 6.15%
EBITDA Margin 8.55% 9.28%
Price to Book Value 3.72 4.51
Check IPO Peer Comparison here.
Pre IPO Post IPO
EPS (₹) 5.13 3.29
P/E (x) 9.75 15.19
Promoter Holding 100.00% 69.70%
Market Cap ₹116.58 Cr.
The promoters of the company are Kunjit Maheshbhai Patel and Roopyaa Tradebizz Limited.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Grow House Wealth Management Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

RFBL Flexi Pack Ltd. Address
Survey No 32, Plot No 15,
Behind Marutinandan Temple Dhandha
Sabarkantha
Himatnagar, Gujarat, 383001

DOCs

RHP

IPO FAQs

RFBL Flexi Pack IPO is a SME IPO of 70,65,000 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹47 to ₹50. The minimum order quantity is 3000.

The IPO opens on Tue, May 12, 2026, and closes on Thu, May 14, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Angel One customers can apply online in RFBL Flexi Pack IPO using UPI as a payment gateway. Angel One customers can apply in RFBL Flexi Pack IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in RFBL Flexi Pack IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘RFBL Flexi Pack IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The RFBL Flexi Pack IPO opens on Tue, May 12, 2026 and closes on Thu, May 14, 2026.

RFBL Flexi Pack IPO lot size is 3000, and the minimum amount required for application is ₹3,00,000, with 2 lots being the minimum application size.

You can apply in RFBL Flexi Pack IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for RFBL Flexi Pack IPO will be done on Friday, May 15, 2026, and the allotted shares will be credited to your demat account by Mon, May 18, 2026. Check the RFBL Flexi Pack IPO allotment status.

The RFBL Flexi Pack IPO listing date is not yet announced. The tentative date of listing is Tue, May 19, 2026.

Stock Broker Reviews India

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited 2

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

Advertisments

Compare India's most trusted brokers side-by-side to find your perfect match.