RFBL Flexi Pack Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹50
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,50,000
Issue Size
₹35.33 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
62.85%
QIB Quota
5.37%
NII Quota
31.78%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
RFBL Flexi Pack Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
69.7%
Issue Type
Book Building - SME
ISIN
INE0V2V01015
About the Company
Our company is primarily engaged in the business of manufacturing and trading of printed multilayer flexible packaging material such as plastic film rolls and pouches which are predominantly used for packaging applications across various industries. Our company also deals in trading of Woven Fabric Packaging Material and Polyester Laminated and other types of films. Scrap generated from business operations is further sold to business entities for their further processing and use. We operate under a Business to Business (B2B) model, catering to needs of clients who require high quality, customized packaging solutions. We specialize in the production of multilayer plastic films, by using manufacturing techniques to meet diverse packaging requirements. The key raw materials used in our production process include plastic films like Cast Polypropylene (CPP) films, Cast Polyethylene (CPE) films, BOPP Films, metallized films, laminated films etc., specialized adhesives, and inks, which are sourced from a network of reliable and reputed suppliers. Our products are engineered to issue durability, moisture resistance, barrier properties, making them highly suitable for a wide range of packaging applications.
Industry Overview
The flexible packaging industry in India forms an essential segment of the country's broader packaging and materials sector. It encompasses a wide array of products designed to contain, protect, and preserve goods across industries such as food and beverage, pharmaceuticals, personal care, home care, and industrial applications. As a highly adaptable format, flexible packaging includes pouches, sachets, wraps, films, and bags made from materials like plastic polymers, paper, aluminum foil, and laminates. These packaging solutions are known for their lightweight nature, cost-effectiveness, resealability, and extended shelf-life capabilities. Traditionally, the industry was dominated by unorganised and regional converters supplying basic packaging formats. However, in recent years, there has been a marked shift toward organised, technology-driven manufacturers offering value-added and sustainable packaging solutions. This transformation is being driven by increasing demand from organised retail, modern trade, e-commerce, and rising consumer awareness regarding packaging quality and environmental impact.
Company History
Our Company was incorporated as private limited Company under the name "Sabar Flexi Pack Private Limited", under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli on July 11, 2005. Subsequently, the name of our Company was changed to "RFBL Flexi Pack Private Limited", pursuant to shareholders resolution passed at the general meeting of our Company held on December 28, 2022 and a fresh certificate of incorporation dated December 30, 2022 was issued to our Company by the Registrar of Companies, Ahmedabad, Subsequently, our Company was converted into a public limited company pursuant to shareholders resolution passed at the general meeting of our Company held on July 13, 2023, and the name of our Company was changed to "RFBL Flexi Pack Limited" and a fresh certificate of incorporation dated July 28, 2023, was issued by the Registrar of Companies, Ahmedabad. The Corporate Identification Number of our Company is U25202GJ2005PLC046403.
Products & Services
- The company is primarily engaged in the business of manufacturing and trading of printed multilayer flexible packaging material such as plastic film rolls and pouches.
Growth Strategy
- Focus on Quality and Compliance.
- Product Diversification and Customization.
- Expansion Through New Manufacturing Facility.
- Invest in Technology and Automation.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 70,65,000 equity shares of face value of Rs. 10/- each ("Equity Shares") RFBL Flexi Pack Limited ("RFBL" or "The Company") at an issue price of Rs. 50 per equity share (including a share premium of Rs. 40 per equity share) for cash, aggregating to Rs. 35.33 Crores ("Public Issue") out of which 3,54,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 50 per equity share for cash, aggregating Rs. 1.77 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 67,11,000 equity shares of face value of Rs.10/- each, at an issue price of Rs. 50 per equity share for cash, aggregating up to Rs. 33.56 Crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 30.30% and 28.78% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 50 per equity share of face value of Rs. 10 each. The floor price is 5 times the face value of the equity shares. Bids can be made for a minimum of 6000 equity shares and in multiples of 3000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strong Focus on Quality Assurance.
- Strategic Location Advantage.
- Customized and Flexible Product Offerings.
- Strong Client Relationships and Repeat Business.
- The Company, its Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may has a material adverse effect on the company business, results of operations and financial condition.
- The company is significantly dependent on few customers for its revenue. The loss of any one or more of such customers may has a material effect on the company business operations and profitability. Its derives a significant portion of the company revenue from sales to the company top 1, 5 and 10 customers. Any failures to maintain relationships with such customers could adversely affect its revenue and financial condition.
- Under-utilization of its manufacturing capacity and an inability to effectively utilize the company expanded manufacturing capacity could has an adverse effect on the company business, future prospects, and financial performance, and the information on installed capacities, historical production, and capacity utilization included in this Red Herring Prospectus is based on estimates.
- The Company has not paid Self-Assessment Tax for AY 2025-26 and has not filed Income Tax Return for AY 2025- 26. Such failures may result in interest, penalties or other regulatory actions under applicable tax laws, which could adversely affect the company financial condition and reputation.
- Extensive government regulation and the impact of plastics on the environment could has a severe impact on its ability to continue the company business operations, which could adversely affect its business, results of operations and financial condition.