RFBL Flexi Pack IPO: The IPO of RFBL Flexi Pack has opened for subscription from today, May 12. RFBL Flexi Pack has fixed the price band of Rs 47-50 per equity share. The three-day IPO subscription window will close on May 14.
RFBL Flexi Pack is a Gujarat-based manufacturer and trader of printed multilayer flexible packaging materials, such as plastic film rolls and pouches used across diverse industries. It caters to several industries like food, pharmaceuticals, home care, and consumer products.
RFBL Flexi Pack's shares are commanding a nil grey market premium (GMP) in the unlisted market.
RFBL Flexi Pack's IPO of 35.32 crore comprises a fresh issue of up to 70,65,000 equity shares. Each share carries a face value of Rs 10.
RFBL Flexi Pack shares will list on the NSE SME platform. RFBL Flexi Pack shares will list on May 19 at 10 AM.
RFBL Flexi Pack has said that the funds raised via IPO will be used for the repayment of borrowings. Besides, funds will also be used for general corporate purposes.
Grow House Wealth Management is the Book Running Lead Manager (BRLM) to the issue, while Kfin Technologies Ltd is the Registrar to the Issue.
