Dhaval Packaging SME IPO

Listed

BSE SMEOpens 30 July 2026Closes 3 August 2026

Dhaval Packaging Limited (formerly known as Dhaval Packaging Private Limited), incorporated in 2015, is an Indian manufacturer and supplier of specialized plastic packaging products catering to domestic and…

Live GMP Subscription Allotment

Price band

₹92 - ₹97

Issue size

₹36.36 Cr

Lot size

1,200 shares

Type

BSE SME

GMP

₹12 (+12.4%)

Est. listing

₹109

Est. profit / app

₹28,800

Retail quota

35.02%

Key ratios

As per RHP / filings

Face value

₹10

EPS

8.08

P/E ratio

RoNW

31.58%

ROE

31.58%

Debt / Equity

0.78

Timeline

IPO Opens

30 Jul

IPO Closes

3 Aug

Allotment

4 Aug

Listing

6 Aug

IPO Timeline & Listing Details

Event	Date	Details
IPO Open Date	30 July 2026	Subscription starts
IPO Close Date	3 August 2026	Subscription ends
Allotment Date	4 August 2026	Allotment
Listing Date	6 August 2026	Listing

Investment Categories

Category	Lots	Amount
Individual	2	₹2,32,800
SHNI (Min)	3	₹3,49,200
SHNI (Max)	8	₹9,31,200
BHNIAbove ₹10,00,000	9	₹10,47,600

IPO Reservation Details

Category	Reservation
QIB (Qualified Institutional Buyer)	49.95%
NII (Non-Institutional Investor)	15.03%
SHNI (Small Non-Institutional Investor)	4.61%
BHNI (Big Non-Institutional Investor)	9.19%
Retail	35.02%
Market Maker	5.03%
Total	100.00%

IPO Objectives

Part finance the cost of establishing a new manufacturing facility at Plot No. E – 552 in the Sanand – II Industrial Estate, Hirapur, Taluka Sanand, District Ahmedabad (₹27.19 Cr).
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company (₹3.75 Cr).
General Corporate Purposes.

Strengths

Advanced in-house In-Mold Labelling (IML) container production facilities supported by automated manufacturing processes and tooling expertise[cite: 6].
Backward-integrated operations that enhance manufacturing efficiency, cost control, and strict quality assurance[cite: 6].
Diversified product portfolio catering to both high-growth FMCG/food packaging sectors and heavy industrial SAW pipe protection markets[cite: 6].
ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 certified facilities with an ISO/IEC 17025:2017 accredited quality testing laboratory[cite: 6].

Weaknesses

High customer concentration risk, with top 10 customers accounting for 51.27% of revenue from operations in FY26[cite: 6].
Vulnerability to price fluctuations and supply chain disruptions of plastic polymers/granules derived from global crude oil markets[cite: 6].
Absence of long-term binding supply agreements with key customers, exposing revenues to demand volatility and customer churn[cite: 6].
Exposure to changing environmental regulations and anti-plastic sentiment targeting single-use or non-recycled plastic packaging[cite: 6].

Financial Performance

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets (₹ Cr.)	66.42	47.89	33.7
Revenue (₹ Cr.)	65.03	52.26	47.99
PAT (₹ Cr.)	8.04	6.04	1.55
Net Worth (₹ Cr.)	30.75	20.16	4.1

Peer Comparison

Company	P/B Ratio	P/E Ratio	RONW (%)	Net Worth (₹ Cr.)
Dhaval Packaging	3.15	12	31.58%	30.75
Mold-Tek Packaging	3.16	28.7	10.56%	457.11

Subscription Details

Daily Bids Status

Category	Day 1	Day 2	Day 3
QIB	0x	1.05x	56.38x
NII	1.03x	1.43x	75.28x
S-HNI	0.6x	1.35x	48.16x
B-HNI	1.25x	1.47x	88.89x
RII	0.57x	1.7x	39.98x
EMP	0.1x	0.22x	0.78x
Total	0.49x	1.4x	49.8x

Overall Subscription Statistics

Category	Shares Offered	Shares Bid	Bid Amount (₹ Cr)
QIB	6,87,600	3,87,66,000	376.03
NII	5,17,200	3,89,35,200	377.67
Small NII	1,72,800	83,22,000	80.72
Big NII	3,44,400	3,06,13,200	296.95
RII	12,04,800	4,81,72,800	467.28
EMP	1,20,000	93,600	0.91
Total	25,29,600	12,59,67,600	1,221.89

Company Details

Dhaval Packaging Limited
Plot No. E 411, GIDC, Sanand, Ahmedabad, Gujarat, 382110, India
+91 9898066258
cs@dhavalpackaging.com
https://www.dhavalpackaging.com/

Registrar Details

KFin Technologies Limited
+91 40 6716 2222
dhavalpack.ipo@kfintech.com
https://www.kfintech.com/

Frequently Asked Questions

What does Dhaval Packaging Limited do?

Dhaval Packaging Limited manufactures specialized plastic packaging products, including In-Mold Labeling (IML) containers for food, FMCG, and dairy products, as well as protective plastic end caps for SAW pipes used in infrastructure and oil & gas[cite: 6].

What are the IPO dates for Dhaval Packaging SME IPO?

The Dhaval Packaging SME IPO opens for public subscription on July 30, 2026, and closes on August 3, 2026. The anchor bidding date is July 29, 2026[cite: 6].

What is the price band and minimum investment for Dhaval Packaging IPO?

The price band is fixed at ₹92 to ₹97 per share[cite: 6]. Retail investors can apply for a minimum lot of 2 lots (2,400 shares), requiring an investment of ₹2,32,800 at the upper price band.

What is the issue size of Dhaval Packaging IPO?

The total issue size is ₹36.36 Crores (37,48,800 equity shares), consisting entirely of a fresh issue of ₹34.54 Crores and fresh allotments for market maker and employee reservations[cite: 6].

What is the Dhaval Packaging IPO listing date?

The equity shares of Dhaval Packaging Limited are tentatively scheduled to list on the BSE SME platform on August 6, 2026.

Dhaval Packaging SME IPO News & Updates

Follow the latest updates for Dhaval Packaging SME IPO, including grey market moves and allotment news.

Dhaval Packaging SME IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Dhaval Packaging SME IPO Details

Issue size, price, financials, and company info

Dhaval Packaging SME IPO GMP

Live grey market premium and listing estimate

Dhaval Packaging SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Dhaval Packaging SME IPO Allotment

Allotment date, chances, and check by PAN

Dhaval Packaging SME IPO Review

SWOT, strengths, risks, and IPO review

Dhaval Packaging SME IPO FAQ

Common questions on dates, GMP, and allotment

Dhaval Packaging SME IPO Registrar

Registrar website and how to check allotment

Dhaval Packaging SME IPO Timeline

Open, close, allotment, and listing dates

Dhaval Packaging SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Dhaval Packaging SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

SEBIRules for IPO allotment and disclosures in India
NSEExchange notices, bidding data, and listing updates
BSEExchange notices and IPO allotment check tools
RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
KFin Technologies LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

Loading comments...