Next week, India's primary market will feature two SME initial public offerings (IPOs) aimed at raising a combined total of nearly ₹47 crore. The larger IPO, RFBL Flexi Pack, seeks to raise ₹35.33 crore through a fresh issue of 70.65 lakh shares, priced between ₹47-50 per share. Retail investors must invest a minimum of ₹3 lakh for 6,000 shares. RFBL, established in 2005 and based in Gujarat, specializes in printed multilayer flexible packaging materials for sectors like food and pharmaceuticals. The company reported a revenue increase from ₹79.96 crore in FY24 to ₹135.46 crore in FY25, with a profit after tax of ₹8.33 crore. The proceeds from the IPO will be allocated for capital expenditure and working capital needs.

The second IPO, Goldline Pharmaceutical, aims to raise ₹11.61 crore by issuing 27 lakh shares at a price band of ₹41-43 per share. Investors will need a minimum of ₹2.58 lakh for 6,000 shares. Goldline operates an asset-light pharmaceutical marketing business and reported a revenue increase from ₹23.57 crore in FY24 to ₹28.06 crore in FY25, with a profit after tax of ₹2.83 crore. The IPO funds will primarily be used to repay borrowings of ₹8.35 crore.