India's primary market gears up for two SME IPOs next week as RFBL Flexi Pack and Goldline Pharmaceutical prepare to raise nearly Rs 47 crore combined.

India's primary market gears up for two SME IPOs next week as RFBL Flexi Pack and Goldline Pharmaceutical prepare to raise nearly Rs 47 crore combined. RFBL Flexi Pack, the larger offering, aims to raise Rs 35.33 crore at a price band of Rs 47-50 per share, with subscription opening May 12. The Gujarat-based flexible packaging manufacturer reported strong growth, with FY25 revenue jumping to Rs 135.46 crore from Rs 79.96 crore previously. Goldline Pharmaceutical, seeking Rs 11.61 crore at Rs 41-43 per share, operates an asset-light pharma distribution model across multiple states. Both IPOs will list on May 19, with mainboard activity remaining subdued while SME segment continues attracting investor interest in diverse sectors.