{"id":87203,"date":"2026-05-14T11:30:44","date_gmt":"2026-05-14T06:00:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=87203"},"modified":"2026-05-14T11:30:45","modified_gmt":"2026-05-14T06:00:45","slug":"rfbl-flexi-pack-ipo-gmp-day-3-last-day","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/","title":{"rendered":"RFBL Flexi Pack IPO GMP Day 3 14 May 2026: Zero GMP Persists on Last Day, Subscription at 1.52x, Issue Closes Today at 5 PM"},"content":{"rendered":"<p><strong>The RFBL Flexi Pack IPO<\/strong> is on its third and final day of subscription on 14 May 2026, with the grey market premium (GMP) holding at Rs 0 for the third consecutive day. Today is the last opportunity to apply for the RFBL Flexi Pack IPO before the window closes at 5 PM. As of Day 2 (13 May), the issue was subscribed 1.52 times overall, up from 1.24 times on Day 1, with the final Day 3 numbers expected to reflect any last-minute QIB and NII participation.<\/p><p>The persistent nil GMP for the RFBL Flexi Pack IPO across all three subscription days is the clearest signal that the grey market does not expect a listing premium at the Rs 50 upper band. Investors applying today should calibrate expectations around a flat to marginal listing, with the investment case resting primarily on the company&#8217;s medium-term fundamental profile rather than any listing day gain.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#RFBL_Flexi_Pack_IPO_Day_3_Complete_Key_Details\" title=\"RFBL Flexi Pack IPO Day 3: Complete Key Details\">RFBL Flexi Pack IPO Day 3: Complete Key Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#RFBL_Flexi_Pack_IPO_GMP_Day_3_Analysis_What_Zero_GMP_for_Three_Days_Signals\" title=\"RFBL Flexi Pack IPO GMP Day 3 Analysis: What Zero GMP for Three Days Signals\">RFBL Flexi Pack IPO GMP Day 3 Analysis: What Zero GMP for Three Days Signals<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#Nil_GMP_Throughout_All_Three_Days_A_Clear_Market_Signal\" title=\"Nil GMP Throughout All Three Days: A Clear Market Signal\">Nil GMP Throughout All Three Days: A Clear Market Signal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#Subscription_at_152x_on_Day_2_Modest_but_Above_1x\" title=\"Subscription at 1.52x on Day 2: Modest but Above 1x\">Subscription at 1.52x on Day 2: Modest but Above 1x<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#RFBL_Flexi_Pack_Business_and_Financial_Fundamentals\" title=\"RFBL Flexi Pack: Business and Financial Fundamentals\">RFBL Flexi Pack: Business and Financial Fundamentals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#Should_You_Apply_for_RFBL_Flexi_Pack_IPO_on_Day_3_Last_Chance_Today\" title=\"Should You Apply for RFBL Flexi Pack IPO on Day 3 (Last Chance Today)\">Should You Apply for RFBL Flexi Pack IPO on Day 3 (Last Chance Today)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#The_Case_for_Applying\" title=\"The Case for Applying\">The Case for Applying<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#The_Case_for_Avoiding\" title=\"The Case for Avoiding\">The Case for Avoiding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#RFBL_Flexi_Pack_IPO_Use_of_Proceeds\" title=\"RFBL Flexi Pack IPO Use of Proceeds\">RFBL Flexi Pack IPO Use of Proceeds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#FAQs_on_RFBL_Flexi_Pack_IPO_Day_3\" title=\"FAQs on RFBL Flexi Pack IPO Day 3\">FAQs on RFBL Flexi Pack IPO Day 3<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#Is_today_the_last_day_to_apply_for_RFBL_Flexi_Pack_IPO\" title=\"Is today the last day to apply for RFBL Flexi Pack IPO?\">Is today the last day to apply for RFBL Flexi Pack IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#What_is_the_RFBL_Flexi_Pack_IPO_GMP_on_Day_3\" title=\"What is the RFBL Flexi Pack IPO GMP on Day 3?\">What is the RFBL Flexi Pack IPO GMP on Day 3?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#What_was_the_RFBL_Flexi_Pack_IPO_subscription_on_Day_2\" title=\"What was the RFBL Flexi Pack IPO subscription on Day 2?\">What was the RFBL Flexi Pack IPO subscription on Day 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#Why_is_RFBL_Flexi_Pack_IPO_GMP_zero_while_Goldline_Pharma_GMP_is_Rs_25\" title=\"Why is RFBL Flexi Pack IPO GMP zero while Goldline Pharma GMP is Rs 25?\">Why is RFBL Flexi Pack IPO GMP zero while Goldline Pharma GMP is Rs 25?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/rfbl-flexi-pack-ipo-gmp-day-3-last-day\/#How_can_I_check_the_RFBL_Flexi_Pack_IPO_allotment_status\" title=\"How can I check the RFBL Flexi Pack IPO allotment status?\">How can I check the RFBL Flexi Pack IPO allotment status?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RFBL_Flexi_Pack_IPO_Day_3_Complete_Key_Details\"><\/span><strong>RFBL Flexi Pack IPO Day 3: Complete Key Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li><strong>Exchange: <\/strong>NSE SME (NSE Emerge)<\/li>\n\n<li><strong>Issue Opens: <\/strong>12 May 2026<\/li>\n\n<li><strong>Issue Closes: <\/strong>14 May 2026 TODAY at 5 PM (LAST CHANCE to apply)<\/li>\n\n<li><strong>Allotment Date: <\/strong>15 May 2026<\/li>\n\n<li><strong>Credit of Shares: <\/strong>18 May 2026<\/li>\n\n<li><strong>Listing Date: <\/strong>19 May 2026<\/li>\n\n<li><strong>Price Band: <\/strong>Rs 47 to Rs 50 per share<\/li>\n\n<li><strong>Face Value: <\/strong>Rs 10 per share<\/li>\n\n<li><strong>Issue Size: <\/strong>Rs 35.33 crore (100% fresh issue, 70.65 lakh shares)<\/li>\n\n<li><strong>Lot Size: <\/strong>3,000 shares (minimum retail application 2 lots = 6,000 shares at Rs 3,00,000)<\/li>\n\n<li><strong>Category Split: <\/strong>Retail 62.85%, NII 31.78%, QIB 5.37%<\/li>\n\n<li><strong>GMP on Day 3 (14 May 2026): <\/strong>Rs 0 (nil, no listing premium expected in grey market)<\/li>\n\n<li><strong>Day 1 Subscription (12 May, 5:05 PM): <\/strong>1.24 times<\/li>\n\n<li><strong>Day 2 Subscription (13 May, 3:05 PM): <\/strong>1.52 times<\/li>\n\n<li><strong>PE at Issue Price: <\/strong>9.74 times (vs industry average 14.38 times)<\/li>\n\n<li><strong>Lead Manager: <\/strong>Grow House Wealth Management Pvt Ltd<\/li>\n\n<li><strong>Registrar: <\/strong>KFin Technologies Ltd<\/li>\n\n<li><strong>Market Maker: <\/strong>MNM Stock Broking Pvt Ltd<\/li><\/ul><p>Track RFBL Flexi Pack IPO live subscription data on the <a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RFBL_Flexi_Pack_IPO_GMP_Day_3_Analysis_What_Zero_GMP_for_Three_Days_Signals\"><\/span><strong>RFBL Flexi Pack IPO GMP Day 3 Analysis: What Zero GMP for Three Days Signals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nil_GMP_Throughout_All_Three_Days_A_Clear_Market_Signal\"><\/span><strong>Nil GMP Throughout All Three Days: A Clear Market Signal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The RFBL Flexi Pack IPO has carried a GMP of Rs 0 from the pre-subscription period on 11 May through all three subscription days ending 14 May. This three-day nil GMP is a consistent signal from the grey market that no meaningful listing premium is anticipated at the Rs 50 upper band. For comparison, the co-opening Goldline Pharmaceutical IPO has a GMP of Rs 25 on Day 3, implying a 58 percent listing premium, highlighting the stark divergence between the two SME IPOs that opened on the same day.<\/p><p>A nil GMP in the RFBL Flexi Pack IPO reflects the grey market&#8217;s assessment that the current listing environment, with Sensex expiry today, Nifty under pressure from crude above $107 and broader market weakness, does not support a premium listing for a flexible packaging SME at 9.74x PE. The grey market is not saying the company is bad but that the reward for holding through listing may be limited.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Subscription_at_152x_on_Day_2_Modest_but_Above_1x\"><\/span><strong>Subscription at 1.52x on Day 2: Modest but Above 1x<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The RFBL Flexi Pack IPO being subscribed 1.52 times on Day 2 means the issue is technically oversubscribed and all applicants will be allotted shares if the final Day 3 subscription stays above 1x in the retail category. For SME IPOs, a Day 2 subscription of 1.52x is on the lower end. The large retail allocation of 62.85 percent means retail investors drive the subscription, and the 1.52x reading suggests moderate interest without the frenzy seen in higher-GMP issues like Goldline Pharma.<\/p><p>Day 3 typically sees late-hour institutional participation. If QIBs (allocated 5.37%) and NIIs (allocated 31.78%) push their category subscriptions higher in the final session, the overall book could close meaningfully above 2x, which would be a constructive signal even without a GMP.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Tap to Access Best Research Pieces on Univest<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RFBL_Flexi_Pack_Business_and_Financial_Fundamentals\"><\/span><strong>RFBL Flexi Pack: Business and Financial Fundamentals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>RFBL Flexi Pack Ltd, established in July 2005 and operating from its ISO 9001:2015 certified facility in Himatnagar, Sabarkantha, Gujarat, is a B2B flexible packaging manufacturer. The company produces printed multilayer adhesive laminated flexible plastic packaging materials using CPP, CPE, BOPP and metallised films for food, pharma, agriculture and home care industries.<\/p><ul class=\"wp-block-list\"><li><strong>FY25 Revenue: <\/strong>Rs 135.46 crore (up 69.4% from Rs 79.96 crore in FY24)<\/li>\n\n<li><strong>FY23 Revenue: <\/strong>Rs 46.86 crore (three-year CAGR of approximately 70%)<\/li>\n\n<li><strong>FY25 PAT: <\/strong>Rs 8.33 crore (up from Rs 5.79 crore in FY24, +43.9%)<\/li>\n\n<li><strong>Repeat Customer Revenue: <\/strong>99.20% for the period ended November 30, 2025 (very high customer stickiness)<\/li>\n\n<li><strong>Current Capacity Utilisation: <\/strong>52% of installed 5,040 MTPA<\/li>\n\n<li><strong>Planned New Capacity: <\/strong>5,840 MTPA additional (despite 48% existing capacity unused)<\/li>\n\n<li><strong>Contingent Liabilities: <\/strong>Rs 8.50 crore in income tax claims<\/li>\n\n<li><strong>Total Borrowings: <\/strong>Rs 17.51 crore (Rs 9.50 crore secured, Rs 8.01 crore unsecured)<\/li>\n\n<li><strong>PE at Issue Price: <\/strong>9.74 times vs industry average 14.38 times<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Should_You_Apply_for_RFBL_Flexi_Pack_IPO_on_Day_3_Last_Chance_Today\"><\/span><strong>Should You Apply for RFBL Flexi Pack IPO on Day 3 (Last Chance Today)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Case_for_Applying\"><\/span><strong>The Case for Applying<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The RFBL Flexi Pack IPO at 9.74x PE is priced at a 32 percent discount to the industry average PE of 14.38 times. If the company grows revenue at half its FY24 to FY25 rate of 69 percent in FY26 and FY27, the business fundamentals support a medium-term re-rating toward industry PE, implying significant share price appreciation. The 99.20 percent repeat customer rate is exceptional for a small B2B manufacturer and suggests deep client relationships. With an all-allotment probability given modest oversubscription, every applicant is highly likely to receive shares today.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Case_for_Avoiding\"><\/span><strong>The Case for Avoiding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Zero GMP across three days in a market where Goldline Pharma has Rs 25 GMP is a direct signal of limited near-term listing demand. The expansion plan to add 5,840 MTPA of new capacity while 48 percent of existing 5,040 MTPA sits unused is a strategic inconsistency that analysts have flagged. The Rs 8.50 crore income tax contingent liability and Rs 17.51 crore in total borrowings are meaningful relative to the company&#8217;s Rs 8.33 crore FY25 PAT. Listing is on 19 May when broader market conditions may still be under crude oil and geopolitical pressure.<\/p><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or the <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get daily stock recommendations and insightful research pieces on RFBL Flexi Pack IPO subscription tracker and NSE SME IPO calendar!<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RFBL_Flexi_Pack_IPO_Use_of_Proceeds\"><\/span><strong>RFBL Flexi Pack IPO Use of Proceeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li><strong>Capex for new capacity: <\/strong>Rs 12.41 crore to add 5,840 MTPA of additional flexible packaging capacity.<\/li>\n\n<li><strong>Working Capital: <\/strong>Rs 17.76 crore for raw material procurement and debtor cycle funding.<\/li>\n\n<li><strong>General Corporate Purposes: <\/strong>Remaining balance for operational expenses.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>The RFBL Flexi Pack IPO<\/strong> closes today 14 May 2026 at 5 PM on its third and final day with GMP at Rs 0 and overall subscription at 1.52 times on Day 2. The nil GMP signals a flat listing expectation but does not negate the fundamental case at 9.74x PE against an industry average of 14.38 times and FY25 revenue growth of 69.4 percent. With 99.20 percent repeat customer revenue, the business quality is evident. However, the capacity expansion rationale and absence of any grey market premium make this a medium-term fundamental play rather than a listing gain trade. Apply by 5 PM today if the medium-term investment thesis resonates and consult a SEBI-registered advisor before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_RFBL_Flexi_Pack_IPO_Day_3\"><\/span><strong>FAQs on RFBL Flexi Pack IPO Day 3<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_today_the_last_day_to_apply_for_RFBL_Flexi_Pack_IPO\"><\/span><strong>Is today the last day to apply for RFBL Flexi Pack IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>Yes, 14 May 2026 is the last day to apply for the RFBL Flexi Pack IPO. The subscription window closes at 5 PM today. Allotment is on 15 May, shares are credited on 18 May and listing on NSE SME is on 19 May 2026.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_RFBL_Flexi_Pack_IPO_GMP_on_Day_3\"><\/span><strong>What is the RFBL Flexi Pack IPO GMP on Day 3?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>The RFBL Flexi Pack IPO GMP on Day 3 (14 May 2026) remains at Rs 0, the same as Day 1 and Day 2. A nil GMP indicates the grey market expects the stock to list at or near the issue price of Rs 50 with no premium. GMP is unofficial and can change before the 19 May listing.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_the_RFBL_Flexi_Pack_IPO_subscription_on_Day_2\"><\/span><strong>What was the RFBL Flexi Pack IPO subscription on Day 2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>The RFBL Flexi Pack IPO was subscribed 1.52 times overall as of Day 2 (13 May 2026 3:05 PM), up from 1.24 times on Day 1. With retail allocation at 62.85 percent and the retail category above 1x, every retail applicant is likely to receive full allotment if the book stays oversubscribed.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_RFBL_Flexi_Pack_IPO_GMP_zero_while_Goldline_Pharma_GMP_is_Rs_25\"><\/span><strong>Why is RFBL Flexi Pack IPO GMP zero while Goldline Pharma GMP is Rs 25?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>The RFBL Flexi Pack IPO GMP is zero because the grey market assesses the flexible packaging sector and the company&#8217;s capacity utilisation concerns less favourably than Goldline Pharma&#8217;s pharmaceutical marketing business. Goldline&#8217;s 73x subscription on Day 2 versus RFBL&#8217;s 1.52x also reflects the stark difference in investor demand, with pharma marketing commanding a significant grey market premium.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_can_I_check_the_RFBL_Flexi_Pack_IPO_allotment_status\"><\/span><strong>How can I check the RFBL Flexi Pack IPO allotment status?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>RFBL Flexi Pack IPO allotment status will be available on the KFin Technologies registrar website from 15 May 2026. Check using your PAN number, application number or DP ID on the registrar portal or directly on the NSE website&#8217;s IPO allotment section.<\/p><p><\/p>","protected":false},"excerpt":{"rendered":"<p>The RFBL Flexi Pack IPO is on its third and final day of subscription on 14 May 2026, with the grey market premium (GMP) holding at Rs 0 for the third consecutive day. Today is the last opportunity to apply for the RFBL Flexi Pack IPO before the window closes at 5 PM. As of<\/p>\n","protected":false},"author":35,"featured_media":87217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4024],"class_list":["post-87203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo-gmp-day-3"],"metadata":{"_edit_lock":["1778738517:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["84"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["RFBL Flexi Pack IPO GMP Day 3 14 May 2026: Zero GMP, Last Day to Apply"],"rank_math_description":["RFBL Flexi Pack IPO GMP Day 3 on 14 May 2026 holds at Rs 0. Subscription 1.52x on Day 2. NSE SME IPO closes today at 5 PM. 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