Mumbai, May 15 -- The initial public offer (IPO) of RFBL Flexi Pack received bids for 14,44,92,000 shares as against 70,65,000 on offer. The issue was subscribed 20.45 times.

Qualified Institutional Buyers (QIBs) bid for 4,47,81,000 shares, Non-Institutional Investors (NIIs) for 5,18,01,000 shares, while individual investors (IND category bidding for 2 lots) placed bids for 4,79,10,000 shares.

The issue opened for bidding on 12 May 2026 and it closed on 14 May 2026. The price band of the IPO was fixed between Rs 47 to Rs 50 per share. The equity shares will list on NSE's SME platform.

The IPO comprised fresh issue of 70,65,000 equity shares. The company intends to utilize the net proceeds to meet capital expenditure requirements, fundi...