Dhaval Packaging IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 30 to Aug 03 2026
Price Band
₹92 - 97
Current GMP
₹110.0 (+13.40%)
Subscription
49.99 times
IPO Details
| IPO Date | 30 Jul to 3 Aug, 2026 |
| Listing Date | Thu, Aug 6, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹92 to ₹97 |
| Issue Price | ₹97 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,48,800 shares (agg. up to ₹ 36 Cr) |
| Reserved for Market Maker | 1,88,400 shares (agg. up to ₹ 2 Cr) New Berry Capitals Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 35,60,400 shares (agg. up to ₹ 35 Cr) |
| Net Offered to Public | 35,60,400 shares (agg. up to ₹ 35 Cr) |
| Share Holding Pre Issue | 99,88,000 shares |
| Share Holding Post Issue | 1,37,36,800 shares |
| BSE Script Code | 544854 |
| ISIN | INE1HX301016 |
IPO Date
30 Jul to 3 Aug, 2026
Listing Date
Thu, Aug 6, 2026
Face Value
₹ 10 per share
Price Band
₹92 to ₹97
Issue Price
₹97 per share
Lot Size
1,200 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
37,48,800 shares (agg. up to ₹ 36 Cr)
Reserved for Market Maker
1,88,400 shares (agg. up to ₹ 2 Cr) New Berry Capitals Pvt.Ltd.
Fresh Issue (Ex Market Maker)
35,60,400 shares (agg. up to ₹ 35 Cr)
Net Offered to Public
35,60,400 shares (agg. up to ₹ 35 Cr)
Share Holding Pre Issue
99,88,000 shares
Share Holding Post Issue
1,37,36,800 shares
BSE Script Code
544854
ISIN
INE1HX301016
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 56.38 |
| NII*** | 75.35 |
| bNII (> ₹10L) | 88.89 |
| sNII (< ₹10L) | 48.36 |
| Individual Investors | 40.36 |
| Employees | 0.78 |
| Total ** | 49.99 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
56.38
NII***
75.35
bNII (> ₹10L)
88.89
sNII (< ₹10L)
48.36
Individual Investors
40.36
Employees
0.78
Total **
49.99
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | EMP | Total |
|---|---|---|---|---|---|---|---|
| Jul 3 0 (Day 1) | 0.00 | 1.03 | 1.25 | 0.60 | 0.57 | 0.10 | 0.49 |
| Jul 3 1 (Day 2) | 1.05 | 1.43 | 1.47 | 1.35 | 1.70 | 0.22 | 1.40 |
| Aug 3 (Day 3) | 56.38 | 75.35 | 88.89 | 48.36 | 40.36 | 0.78 | 49.99 |
DayJul 3
0 (Day 1)
QIB (Ex Anchor)0.00
NII*1.03
NII (> ₹10L)1.25
NII (< ₹10L)0.60
Individual Investors0.57
EMP0.10
Total0.49
DayJul 3
1 (Day 2)
QIB (Ex Anchor)1.05
NII*1.43
NII (> ₹10L)1.47
NII (< ₹10L)1.35
Individual Investors1.70
EMP0.22
Total1.40
DayAug 3
(Day 3)
QIB (Ex Anchor)56.38
NII*75.35
NII (> ₹10L)88.89
NII (< ₹10L)48.36
Individual Investors40.36
EMP0.78
Total49.99
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 06-08-2026 | 97 | 12 (12.37%) | 109 |
| 05-08-2026 | 97 | 12 (12.37%) | 109 |
| 04-08-2026 | 97 | 10 (10.31%) | 107 |
| 03-08-2026 | 97 | 8 (8.25%) | 105 |
| 02-08-2026 | 97 | 11 (11.34%) | 108 |
| 01-08-2026 | 97 | 11 (11.34%) | 108 |
| 31-07-2026 | 97 | 12 (12.37%) | 109 |
| 30-07-2026 | 97 | 15 (15.46%) | 112 |
| 29-07-2026 | 97 | 12 (12.37%) | 109 |
| 28-07-2026 | 97 | 8 (8.25%) | 105 |
| 27-07-2026 | 97 | 0 (0%) | 97 |
| 26-07-2026 | 97 | 0 (0%) | 97 |
| 25-07-2026 | 97 | 0 (0%) | 97 |
| 24-07-2026 | 97 | 0 (0%) | 97 |
GMP Date06-08-2026
IPO Price97
GMP12 (12.37%)
Est. Listing Price109
GMP Date05-08-2026
IPO Price97
GMP12 (12.37%)
Est. Listing Price109
GMP Date04-08-2026
IPO Price97
GMP10 (10.31%)
Est. Listing Price107
GMP Date03-08-2026
IPO Price97
GMP8 (8.25%)
Est. Listing Price105
GMP Date02-08-2026
IPO Price97
GMP11 (11.34%)
Est. Listing Price108
GMP Date01-08-2026
IPO Price97
GMP11 (11.34%)
Est. Listing Price108
GMP Date31-07-2026
IPO Price97
GMP12 (12.37%)
Est. Listing Price109
GMP Date30-07-2026
IPO Price97
GMP15 (15.46%)
Est. Listing Price112
GMP Date29-07-2026
IPO Price97
GMP12 (12.37%)
Est. Listing Price109
GMP Date28-07-2026
IPO Price97
GMP8 (8.25%)
Est. Listing Price105
GMP Date27-07-2026
IPO Price97
GMP0 (0%)
Est. Listing Price97
GMP Date26-07-2026
IPO Price97
GMP0 (0%)
Est. Listing Price97
GMP Date25-07-2026
IPO Price97
GMP0 (0%)
Est. Listing Price97
GMP Date24-07-2026
IPO Price97
GMP0 (0%)
Est. Listing Price97
IPO Important Dates
| IPO Open | Thu, Jul 30, 2026 |
| IPO Close | Mon, Aug 3, 2026 |
| Allotment | Tue, Aug 4, 2026 |
| Refund | Wed, Aug 5, 2026 |
| Credit of Shares | Wed, Aug 5, 2026 |
| Listing | Thu, Aug 6, 2026 |
IPO Open
Thu, Jul 30, 2026
IPO Close
Mon, Aug 3, 2026
Allotment
Tue, Aug 4, 2026
Refund
Wed, Aug 5, 2026
Credit of Shares
Wed, Aug 5, 2026
Listing
Thu, Aug 6, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,32,800 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,32,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,49,200 |
| S-HNI (Max) | 8 | 9,600 | ₹9,31,200 |
| B-HNI (Min) | 9 | 10,800 | ₹10,47,600 |
| Employee (Min) | 2 | 2,400 | ₹2,32,800 |
| Employee (Max) | 4 | 4,800 | ₹4,65,600 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares2,400
Amount₹2,32,800
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2,400
Amount₹2,32,800
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,49,200
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,31,200
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹10,47,600
ApplicationEmployee (Min)
Lots2
Shares2,400
Amount₹2,32,800
ApplicationEmployee (Max)
Lots4
Shares4,800
Amount₹4,65,600
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 66.42 | 47.89 | 33.70 |
| Total Income | 65.20 | 52.43 | 48.08 |
| Profit After Tax | 8.04 | 6.04 | 1.55 |
| EBITDA | 13.93 | 10.22 | 4.99 |
| NET Worth | 30.75 | 20.16 | 4.10 |
| Reserves and Surplus | 20.76 | 17.75 | 2.10 |
| Total Borrowing | 24.13 | 16.55 | 19.28 |
Period EndedAssets
31 Mar 202666.42
31 Mar 202547.89
31 Mar 202433.70
Period EndedTotal Income
31 Mar 202665.20
31 Mar 202552.43
31 Mar 202448.08
Period EndedProfit After Tax
31 Mar 20268.04
31 Mar 20256.04
31 Mar 20241.55
Period EndedEBITDA
31 Mar 202613.93
31 Mar 202510.22
31 Mar 20244.99
Period EndedNET Worth
31 Mar 202630.75
31 Mar 202520.16
31 Mar 20244.10
Period EndedReserves and Surplus
31 Mar 202620.76
31 Mar 202517.75
31 Mar 20242.10
Period EndedTotal Borrowing
31 Mar 202624.13
31 Mar 202516.55
31 Mar 202419.28
Key Performance Indicator
| ROE | 24.03% |
| ROCE | 17.40% |
| Debt/Equity | 0.83 |
| RoNW | 24.03% |
| PAT Margin | 11.32% |
| EBITDA Margin | 19.77% |
| NAV | 28.60 |
| Price to Book Value |
ROE
24.03%
ROCE
17.40%
Debt/Equity
0.83
RoNW
24.03%
PAT Margin
11.32%
EBITDA Margin
19.77%
NAV
28.60
Price to Book Value
IPO Reservation
| QIB | 17,18,400 |
| − Anchor Investor | 10,30,800 |
| − QIB (Ex. Anchor) | 6,87,600 |
| NII (HNI) | 5,17,200 |
| − bNII > ₹10L | 3,44,400 |
| − sNII < ₹10L | 1,72,800 |
| Retail | 12,04,800 |
| Employee | 1,20,000 |
| Market Maker | 1,88,400 |
| Total | 37,48,800 |
QIB
17,18,400
− Anchor Investor
10,30,800
− QIB (Ex. Anchor)
6,87,600
NII (HNI)
5,17,200
− bNII > ₹10L
3,44,400
− sNII < ₹10L
1,72,800
Retail
12,04,800
Employee
1,20,000
Market Maker
1,88,400
Total
37,48,800
Information about company
Incorporated in November 2015, Dhaval Packaging Limited is engaged in the design, manufacturing, and supply of plastic packaging solutions for the food, FMCG, and industrial sectors. The company primarily manufactures In-Mold Labeling (IML) food containers and SAW Pipe Protection Plastic Caps (End Caps), serving both domestic and international customers. Its packaging solutions cater to industries including dairy, sweets, bakery, confectionery, frozen foods, pharmaceuticals, agro products, oil & gas, construction, infrastructure, and heavy engineering.
The company operates three manufacturing facilities in Sanand, Gujarat, equipped with 21 IML injection molding machines and one vacuum forming machine, with a production capacity exceeding 8,000 kg per day. Its fully automated in-house IML manufacturing, backward integration through its promoter group entity for label production, and in-house tooling capabilities enable consistent quality, faster turnaround, and customized packaging solutions. Dhaval Packaging also exports its products to countries including Malaysia, Mauritius, Canada, UAE, Qatar, and Australia.
Key Products:
1. IML (In-Mold Labeling) Containers: In this process, a printed label is placed inside the mold before plastic is formed, so the label becomes part of the container. This creates a strong, long-lasting finish that resists moisture, scratches, and chemicals. The company offers around 39 IML container SKUs and supplies many well-known Indian brands, along with exports to international customers.
2. SAW Pipe Protection Plastic End Caps: It manufactures plastic end caps used to protect the ends of pipes and tubes during storage and transport. These caps prevent damage, contamination, and corrosion. They are used across industries such as oil & gas, construction, infrastructure, and heavy engineering.
As of May 31, 2026, Dhaval Packaging had 54 permanent employees and 112 contract workers supporting manufacturing, quality control, sales & marketing, accounts, compliance, and administrative functions.
Competitive Strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: 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”)
2: Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company
3: General corporate purposes
4: Issue Expense
: Total
Disclaimer
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