RFBL Flexi Pack
Minerva Ventures Fund bought 2,79,000 shares of RFBL Flexi Pack for ₹2.50 Cr at ₹89.78 apiece in a bulk deal.
RFBL Flexi Pack manufactures and trades printed multilayer flexible packaging materials, including plastic film rolls and pouches for food, pharmaceutical, cosmetics, and home care industries. Founded in 2005 and headquartered in Himatnagar, Gujarat, the company operates with a manufacturing capacity of 250 MT per month and was recently listed on the NSE SME platform in May 2026 through an IPO.
A Mauritius-based foreign portfolio investor and an active anchor investor in Indian SME public issues, where it has backed a steady run of listings. It also builds positions in listed small caps. The fund reports through more than one vehicle, including an Indus QRAC strategy, and both sit under the same administrator.