RFBL Flexi Pack SME IPO Subscription Status
RFBL Flexi Pack SME IPO closed on 14 May 2026 with an overall subscription of 21.53x based on shares applied. QIB demand came in at 124.39x, NII at 24.29x, and retail at 11.36x.
Allotment will be finalised on 15 May 2026. The stock is scheduled to list on NSE and BSE on 19 May 2026.
Issue Price
Rs 50.00
GMP Today
Rs 2.00 (+4.00%)
Overall Subscription
21.53x
Issue Size
₹35.33 Cr
Allotment Date
15 May 2026
Listing Date
19 May 2026
RFBL Flexi Pack SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 50.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 1.80 Cr | Rs 223.91 Cr | 124.39x |
| FII | - | Rs 14.76 Cr | - |
| DFI | - | Rs 67.50 L | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 208.47 Cr | - |
| NII | Rs 10.67 Cr | Rs 259.01 Cr | 24.29x |
| bNII (above Rs 10L) | Rs 7.11 Cr | Rs 206.94 Cr | 29.11x |
| Corporate | - | Rs 11.85 Cr | - |
| Individual | - | Rs 191.00 Cr | - |
| Other | - | Rs 4.10 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.56 Cr | Rs 52.07 Cr | 14.65x |
| Corporate | - | Rs 1.04 Cr | - |
| Individual | - | Rs 48.05 Cr | - |
| Other | - | Rs 2.99 Cr | - |
| IND | Rs 21.09 Cr | Rs 239.55 Cr | 11.36x |
| Total | Rs 33.56 Cr | Rs 722.46 Cr | 21.53x |
RFBL Flexi Pack SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 120 | 27 | 0.23x |
| FII | - | 5 | - |
| DFI | - | 7 | - |
| Mutual Funds | - | - | - |
| Other | - | 15 | - |
| NII | 237 | 3,075 | 12.97x |
| bNII (above Rs 10L) | 158 | 1,953 | 12.36x |
| Corporate | - | 97 | - |
| Individual | - | 1,817 | - |
| Other | - | 39 | - |
| sNII (Rs 2L to Rs 10L) | 79 | 1,122 | 14.20x |
| Corporate | - | 19 | - |
| Individual | - | 1,038 | - |
| Other | - | 65 | - |
| IND | 703 | 7,985 | 11.36x |
| Total | 1,060 | 11,087 | 10.46x |
What Do These Subscription Numbers Mean?
A subscription of 21.53x by shares means the IPO received bids for 22 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 124.39x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 124.39x, it reflects serious institutional conviction.
NII at 12.97x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 12.36x and sNII at 14.20x by applications. Share subscription was 24.29x. Allotment uses application count, not share volume.
At 11.36x subscription by applications, approximately 1 in 11 retail applicants can expect an allotment (~9% per application). Retail allotment is done by lottery when oversubscribed.
RFBL Flexi Pack SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 11.36x.
- •Allotment odds: about 1 in 11 (~9% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 14.20x.
- •Allotment odds: about 1 in 14 for a minimum-lot application (~7% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 12.36x.
- •Allotment odds: about 1 in 12 for a minimum-lot application (~8% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 29.11x. Allotment uses application count, not share volume.
Check the RFBL Flexi Pack SME IPO Allotment Status page from 15 May 2026 for your allotment result.
RFBL Flexi Pack SME IPO GMP After Subscription
GMP for RFBL Flexi Pack SME stands at Rs 2.00 today, giving an estimated listing price of Rs 52.00 per share.
A subscription of 21.53x combined with a GMP of 4.00% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the RFBL Flexi Pack SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
RFBL Flexi Pack SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 12 May 2026 | 1.12x | 1.59x | 1.08x | 1.24x |
| Day 2 - 13 May 2026 | 1.12x | 1.80x | 1.55x | 1.61x |
| Day 3 - 14 May 2026 | 124.39x | 24.12x | 11.34x | 21.47x |
RFBL Flexi Pack SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 12 May 2026 |
| IPO Close Date | 14 May 2026 |
| Allotment Date | 15 May 2026 |
| Refund Initiation | 16 May 2026 |
| Share Credit to Demat | 16 May 2026 |
| Listing Date | 19 May 2026 |
| Minimum Investment | Rs 3,00,000.00 |
| Lot Size | 3000 shares |
About RFBL Flexi Pack SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
RFBL Flexi Pack SME IPO Subscription FAQs
What is RFBL Flexi Pack SME IPO subscription status today?
RFBL Flexi Pack SME IPO subscription closed on 14 May 2026 with overall subscription of 21.53x (by shares) as of 9 July 2026, 4:01 PM IST. QIB 124.39x, NII 12.97x, IND 11.36x.
What is the overall subscription of RFBL Flexi Pack SME IPO?
RFBL Flexi Pack SME IPO is subscribed 21.53x overall by shares at close on 14 May 2026. QIB 124.39x, NII 12.97x, and IND 11.36x.
What is RFBL Flexi Pack SME IPO QIB subscription?
RFBL Flexi Pack SME IPO QIB (Qualified Institutional Buyers) subscription is 124.39x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is RFBL Flexi Pack SME IPO IND subscription?
RFBL Flexi Pack SME IPO IND subscription is 11.36x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is RFBL Flexi Pack SME IPO NII subscription?
RFBL Flexi Pack SME IPO NII (Non-Institutional Investors) subscription is 12.97x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in RFBL Flexi Pack SME IPO for retail?
At 11.36x subscription by applications, approximately 1 in 11 retail applicants can expect an allotment (~9% per application). Allotment is done by lottery.
When is RFBL Flexi Pack SME IPO allotment date?
RFBL Flexi Pack SME IPO allotment date is 15 May 2026. Check RFBL Flexi Pack SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does RFBL Flexi Pack SME IPO subscription close?
RFBL Flexi Pack SME IPO subscription closed on 14 May 2026. No new applications are accepted after the close.
What is RFBL Flexi Pack SME IPO GMP today?
RFBL Flexi Pack SME IPO GMP is ₹2 today (+4.00% over issue price ₹50). See live GMP on the RFBL Flexi Pack SME IPO GMP Today page.
What is RFBL Flexi Pack SME IPO issue price and lot size?
RFBL Flexi Pack SME IPO issue price is ₹50 per share. Lot size is 3000 shares. Minimum investment is ₹3,00,000 per lot (minimum 2 lots for SME). Issue size: ₹35.33 Cr.
When is RFBL Flexi Pack SME IPO listing date?
RFBL Flexi Pack SME IPO listing date is 19 May 2026 on NSE and BSE. Allotment is on 15 May 2026.
How does subscription affect RFBL Flexi Pack SME IPO allotment?
Allotment odds in RFBL Flexi Pack SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 12.97x by applications means roughly 1 in 13 for minimum-lot bids; bNII at 12.36x (~1 in 12). At 21.53x overall, competition is high.
For allotment results from 15 May 2026, visit the RFBL Flexi Pack SME IPO Allotment Status page. For listing day updates on 19 May 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.