Dhaval Packaging IPO
GMP, Subscription, Price, Dates & Financial Details
Packaging
Dhaval Packaging Limited, incorporated in 2015, is engaged in the design, manufacturing, and supply of high-quality plastic packaging solutions for domestic and international markets. The company specializes in transforming brand concepts into innovative, durable, and scalable packaging products…
Open Date
Thu, 30 Jul 2026
Close Date
Mon, 03 Aug 2026
Price Band
₹ 92 – 97
Lot Size
1200
Issue Size
₹ 36.36 Cr
Minimum Investment
₹ 232,800 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Dhaval Packaging IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹36 Crore, comprising a fresh issue of 35.60 Lakh equity shares aggregating to ₹36.36 Crore.
The Dhaval Packaging IPO remained open for subscription from July 30, 2026, to August 03, 2026. The basis of allotment was finalized on August 04, 2026, and the company's shares were listed on BSE SME Platform on August 06, 2026.
The company had fixed the price band at ₹92 to ₹97 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹232,800 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Rarever Financial Advisors Pvt. Ltd. Pvt. Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Dhaval Packaging Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Dhaval Packaging IPO Timeline (Tentative)
- IPO Open Date
- Thu, 30 Jul 26
- IPO Close Date
- Mon, 03 Aug 26
- Basis of Allotment
- Tue, 04 Aug 26
- Initiation of Refunds
- Wed, 05 Aug 26
- Credit of Shares to Demat
- Wed, 05 Aug 26
- Listing Date
- Thu, 06 Aug 26 — NSE & BSE
Open Date
30 July 2026
Close Date
03 August 2026
Basis Of Allotment
04 August 2026
Listing Date
06 August 2026
IPO Subscription
Check Live Subscription →The Dhaval Packaging IPO has received bids for 12,64,59,600 shares against 24,09,600 shares offered, resulting in an overall subscription of 52.48x. the NII category is subscribed 75.71x, Retail Investors 40.28x, and QIBs 56.38x. Within the NII category, BNII is subscribed 89.44x, while SNII is subscribed 48.36x.
QIB
56.38x
NII
75.71x
BNII
89.44x
SNII
48.36x
RII
40.28x
Total
52.48x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,04,800 shares, representing 47.63% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 6,87,600 shares (27.18%), while Non-Institutional Investors (NIIs) receive 5,17,200 shares (20.45%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 687,600 | 27.18% |
| Non-Institutional | 517,200 | 20.45% |
| BNII | 344,400 | 13.61% |
| SNII | 172,800 | 6.83% |
| Retail Investors | 1,204,800 | 47.63% |
| Employees | 120,000 | 4.74% |
| Total | 2,529,600 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 66.42 | 47.89 | 33.7 |
| Revenue | 65.2 | 52.43 | 48.08 |
| Profit After Tax | 8.04 | 6.04 | 1.55 |
| Net Worth | 30.75 | 20.16 | 4.1 |
| Reserve & Surplus | 20.76 | 17.75 | 2.1 |
| Total Borrowings | 24.13 | 16.55 | 19.28 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Dhaval Packaging Limited KPI Information
| Particular | Mar 2026 | Dec 2025 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
| ROE % | 31.58 | 24.03 | 49.8 | 46.62 |
| ROCE % | 22.58 | 17.4 | 25.28 | 12.38 |
| Debt / Equity | 0.78 | 0.83 | 0.82 | 4.7 |
| RoNW % | 31.58 | 24.03 | 49.8 | 46.62 |
| Pat Margin % | 12.33 | 11.32 | 11.52 | 3.23 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Dhaval Packaging Ltd | 10 | 0 | 8.08 | 10 | 31.58 | 30.78 |
| Mold-Tek Packaging Ltd | 5 | 31.38 | 21.93 | 5 | 10.98 | 199.79 |
About Dhaval Packaging Limited
Dhaval Packaging Limited, incorporated in 2015, is engaged in the design, manufacturing, and supply of high-quality plastic packaging solutions for domestic and international markets. The company specializes in transforming brand concepts into innovative, durable, and scalable packaging products that meet the requirements of mass production. It primarily caters to the food and FMCG sectors, serving industries such as sweets, dairy, bakery, dry fruits, confectionery, and ready-to-eat foods.
The company operates with a strong emphasis on quality, safety, and sustainability, adhering to globally recognized management standards. It holds the following certifications:
- ISO 9001:2015 – Quality Management System
- ISO 14001:2015 – Environmental Management System
- ISO 45001:2018 – Occupational Health & Safety Management System
- ISO/IEC 17025:2017 – Testing and Calibration Laboratory Accreditation, ensuring reliable product testing and consistent quality standards.
Key Products
1. IML (In-Mold Labeling) Containers
Dhaval Packaging manufactures In-Mold Labeling (IML) plastic containers, where a pre-printed label is placed inside the mold during the injection molding process. The label permanently fuses with the container, resulting in superior print quality, enhanced durability, and resistance to moisture, scratches, and chemicals. The company offers approximately 39 IML container SKUs, supplying packaging solutions to several leading Indian brands while also exporting to international customers.
2. SAW Pipe Protection Plastic End Caps
The company also manufactures plastic end caps designed to protect the ends of SAW (Submerged Arc Welded) pipes and other industrial tubes during storage, handling, and transportation. These end caps help prevent physical damage, contamination, moisture ingress, and corrosion, ensuring the integrity of pipes before installation. They are widely used in industries such as oil & gas, construction, infrastructure, water transmission, and heavy engineering.
Dhaval Packaging IPO Promoters
- Manish Nanalal Dagla
- Dhaval Nanalal Dagla
- Shah Aalpa Dipak
- Jigar Harivadan Contractor
- Jigar Manubhai Shah
Promoters Holding
Holding Pre Issue
90.86%
Holding Post Issue
0.00%
Dhaval Packaging IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Part finance the cost of establishing new manufacturing facility at Plot No. E – 552 in the Sanand – II Industrial Estate, Hirapur, Taluka Sanand, District Ahmedabad (“Proposed facility” )
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company
- General corporate purposes
Dhaval Packaging Limited Address / Contact Details
Dhaval Packaging Ltd.
Plot No. E 411, GIDC,
Sanand
Ahmedabad, Gujarat, 382110
Phone: +91 9898066258
Email: cs@dhavalpackaging.com
Website: http://www.dhavalpackaging.com/
IPO Snapshot
Dhaval Packaging IPO Lot Size
The Dhaval Packaging IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,32,800 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,32,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 232,800.00 |
| Retail (Max) | 2 | 2,400 | 232,800.00 |
| S-HNI (Min) | 3 | 3,600 | 349,200.00 |
| S-HNI (Max) | 8 | 9,600 | 931,200.00 |
| B-HNI (Min) | 9 | 10,800 | 1,047,600.00 |
Issue Reservation
- QIB — 27.18%
- NII — 20.45%
- RII — 47.63%
- EMP — 4.74%
Book Running Lead Managers
- Rarever Financial Advisors Pvt. Ltd. Pvt. Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Dhaval Packaging IPO?
Dhaval Packaging IPO is a Book-building IPO with a total issue size of ₹36.36 crore. The Dhaval Packaging IPO price band is ₹92 to 97 per share. The Dhaval Packaging IPO subscription opens on Thu, Jul 30, 2026, and closes on Mon, Aug 3, 2026. The Dhaval Packaging IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Dhaval Packaging IPO.
When will the Dhaval Packaging IPO open for subscription?
The Dhaval Packaging IPO opens on Thu, Jul 30, 2026 and closes on Mon, Aug 3, 2026
What is Dhaval Packaging IPO Price Band?
Dhaval Packaging IPO Price Band is ₹92 to 97 per share.
What is Dhaval Packaging IPO Lot Size?
Dhaval Packaging IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹232800 based on the upper price band
What is the minimum investment for Dhaval Packaging IPO?
The minimum investment for Dhaval Packaging IPO is ₹232800, based on one lot of 1200 shares at the upper price band of ₹97 per share.
How to apply for Dhaval Packaging IPO?
Investors can apply for the Dhaval Packaging IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Aug 3, 2026. The application amount remains blocked until the Dhaval Packaging IPO allotment is finalized.
What is Dhaval Packaging IPO Issue Size?
Dhaval Packaging IPO issue size is ₹36.36 crores.
What is the Dhaval Packaging IPO Allotment Date?
Dhaval Packaging IPO allotment date is Tue, Aug 4, 2026.
Who is the Dhaval Packaging IPO Registrar?
The registrar for Dhaval Packaging IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Dhaval Packaging IPO allotment status, refund processing, and other IPO-related information.
What is the Dhaval Packaging IPO GMP?
The Dhaval Packaging IPO GMP (Grey Market Premium) is ₹15 as of Thu, Jul 30, 2026. Based on the upper price band of ₹97 per share, the estimated Dhaval Packaging IPO listing price is ₹112, indicating a potential listing gain of approximately 15.46% over the issue price.
Who is the Dhaval Packaging IPO Lead Manager?
The book-running lead managers (BRLMs) for the Dhaval Packaging IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Dhaval Packaging IPO Red Herring Prospectus (RHP).