Rfbl Flexi Pack Ipo
RFBL Flexi Pack IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Grow House Wealth Management Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | May 12, 2026 |
| IPO Close Date | May 14, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹47 to ₹50 Per Share |
| Issue Size | Approx ₹35.33 Crores |
| Fresh Issue | Approx ₹35.33 Crores |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ₹3,00,000 |
| Retail Maximum | 2 | 6,000 | ₹3,00,000 |
| S-HNI Minimum | 3 | 9,000 | ₹4,50,000 |
| S-HNI Maximum | 6 | 18,000 | ₹9,00,000 |
| B-HNI Minimum | 7 | 21,000 | ₹10,50,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 5.37% |
| NII Shares Offered | – Shares | 31.78% |
| Retail Shares Offered | – Shares | 62.85% |
| IPO Open Date: | May 12, 2026 |
| IPO Close Date: | May 14, 2026 |
| Basis of Allotment: | May 15, 2026 |
| Refunds: | May 18, 2026 |
| Credit to Demat Account: | May 18, 2026 |
| IPO Listing Date: | May 19, 2026 |
| IPO Bidding Cut-off Time: | May 14, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,62,50,000 | 100.00% |
| Promoter Holding Post Issue | 2,33,15,000 | -% |
| Purpose | Crores |
| To meet capital expenditure requirements | ₹12.41 |
| Funding working capital requirements | ₹17.76 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹46.86 | ₹45.87 | ₹0.67 | ₹10.21 |
| 2024 | ₹79.96 | ₹71.91 | ₹5.79 | ₹22.48 |
| 2025 | ₹135.46 | ₹123.73 | ₹8.33 | ₹46.94 |
| Sep 2025 | ₹69.66 | ₹64.54 | ₹3.84 | ₹51.54 |
| KPI | Values |
| ROE: | 60.18% |
| ROCE: | 32.70% |
| EBITDA Margin: | 9.28% |
| PAT Margin: | 6.15% |
| Debt to equity ratio: | 1.05 |
| Earning Per Share (EPS): | ₹5.13 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 60.18% |
| Net Asset Value (NAV): | ₹11.08 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Uma Converter Limited | 1.33 | 14.85 | 3.66% | 37.06 | 227.54 Cr. |
| Sabar Flex India Limited | 0.37 | 13.92 | 2.12% | 17.71 | 147.72 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |