RFBL Flexi Pack Sets ₹47–50 Price Band for ₹35.32 Crore SME IPO Opening May 12

Overview

• RFBL Flexi Pack, which fixed the price band on Saturday, will open subscriptions May 12–14 on the NSE SME platform for smaller and mid-sized companies.
• Anchor investor bidding opens May 11, setting the stage for the public offer that follows the next day.
• The issue totals ₹35.32 crore as a pure fresh issue of up to 70,65,000 shares with a face value of ₹10 each.
• About ₹35 crore is earmarked to repay or prepay loans, a move that can cut interest costs and lower financial risk, with the balance for general purposes and issue expenses.
• The Gujarat-based company makes printed multilayer packaging like plastic film rolls and pouches for food, pharma, home care and consumer goods, with Grow House Wealth Management as lead manager and Kfin Technologies as registrar.