Home / Business / Business News / Article / RFBL Flexi Pack fixes price band at Rs 47-50 for IPO, to hit markets on May 12

RFBL Flexi Pack fixes price band at Rs 47-50 for IPO, to hit markets on May 12

The Rs 35.32-crore IPO of the Gujarat-based manufacturer and trader of printed multilayer flexible packaging materials comprises a fresh issue of up to 70,65,000 equity shares of face value Rs 10 each, the company said in a statement

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RFBL Flexi Pack Ltd intends to utilise Rs 35 crore of the IPO proceeds for repayment/ prepayment. Representational Pic

RFBL Flexi Pack Ltd intends to utilise Rs 35 crore of the IPO proceeds for repayment/ prepayment. Representational Pic

Flexible packaging materials manufacturer RFBL Flexi Pack Ltd on Saturday announced a price band of Rs 47-50 per equity share for its initial public offering, which opens for subscription on May 12.

The Rs 35.32-crore IPO of the Gujarat-based manufacturer and trader of printed multilayer flexible packaging materials comprises a fresh issue of up to 70,65,000 equity shares of face value Rs 10 each, the company said in a statement.

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