RFBL Flexi Pack IPO launches May 12 with Rs 47-50 price band. The Gujarat-based flexible packaging manufacturer is raising Rs 35.32 crore through a fresh issue of 70.65 lakh equity shares on the NSE SME platform. Subscription runs May 12-14, with anchor bidding on May 11. The company plans to deploy Rs 35 crore toward debt repayment while allocating remaining funds for corporate purposes. RFBL manufactures printed multilayer flexible packaging materials serving food, pharmaceuticals, home care, and consumer product sectors. Grow House Wealth Management serves as Book Running Lead Manager, with Kfin Technologies as registrar. This IPO presents an opportunity for investors to tap into India's growing packaging materials sector.
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