Dhaval Packaging Limited
Bookbuilding IPO · BSE
- Price band
- ₹92 – ₹97
- Lot size
- 1,200 shares
- Issue amount
- ₹36.36 cr
- Total subscription
- 50.03×
- Opens
- 30 Jul 2026
- Closes
- 3 Aug 2026
- Allotment
- 4 Aug 2026
- Listing
- 6 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 37,48,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,10,400
- Fresh issue
- ₹36.36 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,16,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 99,88,000
- Shares after issue
- 1,37,36,800
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,32,800 |
| sHNI | 3 | 3,600 | ₹3,49,200 |
| bHNI | 9 | 10,800 | ₹10,47,600 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 90 |
| NIB | 0 | 4,975 |
| RETAIL | 502 | 20,223 |
| EMPLOYEES | 0 | 20 |
| HNIs(10L +) | 96 | 2,772 |
| HNIs (2-10L) | 48 | 2,203 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.67 | 376.03 |
| FIIs | 0 | 48.83 |
| Others | 0 | 325.21 |
| RETAIL | 11.69 | 470.79 |
| HNIs 2+ | 1.68 | 81.06 |
| HNIs 10+ | 3.34 | 298.78 |
| EMPLOYEES | 1.16 | 0.91 |
Financial performance
Company financials
In Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 8.08 | 9.75 | 2.59 |
| ROE | 31.58 | 49.8 | 46.62 |
| ROCE | 22.58 | 25.28 | 12.38 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12 | 0 | 0 |
| POST IPO(PE) | 16.58 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Dhaval Packaging Limited | 12.00 | 0 | 10.00 | 30.78 | 31.58 | 8.08 |
| Mold-Tek Packaging Limited | 31.38 | 0 | 5.00 | 199.79 | 10.98 | 21.93 |
Company information
Company profile
Dhaval Packaging Ltd., incorporated in 2015, designs, manufactures, and supplies plastic packaging solutions for domestic and international markets, mainly serving food and FMCG sectors like sweets, dairy, bakery, dry fruits, and ready-to-eat products. The company focuses on converting brand ideas into high-quality, scalable packaging and follows strict global standards, holding certifications such as ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO/IEC 17025:2017 for its testing laboratory. Its key products include IML (In-Mold Labeling) containers, where labels are integrated into the packaging for durability and resistance, with around 39 SKUs supplied to leading brands and export markets, and SAW pipe protection plastic end caps used to protect pipes during storage and transport across industries like oil & gas, construction, and infrastructure.
Strengths
- Advanced In-House Manufacturing: The company uses automated in-house manufacturing to ensure efficient production, consistent quality, and better scalability.
- Backward Integrated Operations: Its integrated manufacturing process improves cost efficiency, quality control, and supply chain reliability.
- Diversified Product Portfolio: The company serves both FMCG packaging and industrial protection segments, reducing dependence on a single business category.
Risk factors
- Customer Concentration Risk: A significant share of the company's revenue comes from a few key customers. Loss of major customers or lower demand could affect business performance.
- Supplier Concentration Risk: The company depends on a limited number of suppliers without long-term agreements. Any supply disruption could impact operations.
- Raw Material Price Volatility: Fluctuations in raw material prices or supply availability may increase costs and affect profitability.
Promoters
Manish Nanalal Dagla
Dhaval Nanalal Dagla
Shah Aalpa Dipak
Jigar Harivadan Contractor
Jigar Manubhai Shah
Registrar & documents
Lead manager
Rarever Financial Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. E 411, GIDC, Sanand Ahmedabad, Gujarat, 382110
+91 9898066258
[email protected]Company website ↗Understanding DHAVALPACK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.