SME
IPO ·
BSE SME
Dhaval Packaging Ltd
Listed
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.
Issue details
Price band
₹92 – ₹97
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,32,800
Issue size
₹36.36 Cr
Fresh issue
₹34.54 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
30 Jul 2026
Closes
3 Aug 2026
UPI mandate cut-off
5:00 PM on 3 Aug 2026
Allotment
4 Aug 2026
Refunds
5 Aug 2026
Shares in demat
5 Aug 2026
Listing
6 Aug 2026
Subscription and listing
Subscription
35.85x
Listing price
₹110
Registrar
Kfin Technologies Ltd
Lead manager
Rarever Financial Advisors
Subscription by category
Total
35.85x
Total applications
25,189
Anchor investors
Amount raised
₹10.00 Cr
Bid date
29 Jul 2026
50% lock-in ends
2 Sep 2026
Rest lock-in ends
1 Nov 2026
Listing day
Issue price
₹97
Open
₹110.00
High
₹114.00
Low
₹106.00
Day close
₹111.68
Listing gain at open
+13.40%
Issue structure
Shares reserved per category and share of the total issue
QIB
17,18,400
45.84%
Anchor Investor
10,30,800
27.50%
QIB (Ex. Anchor)
6,87,600
18.34%
NII
5,17,200
13.80%
bNII > ₹10L
3,44,400
9.19%
sNII < ₹10L
1,72,800
4.61%
Retail
12,04,800
32.14%
Employee
1,20,000
3.20%
Market Maker
1,88,400
5.03%
Total
37,48,800
100.00%
Finaccle’s quick read
Apply
FY26 income up 24%, PAT up 33%, ROE 24.03%, D/E 0.83, post-issue P/E 16.58x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the 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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
24.03%
ROCE
17.40%
Debt / equity
0.83
PAT margin
11.32%
P/E post issue
16.58
Market cap
₹133.25 Cr
Use of IPO money
Part finance the cost of establishing new manufacturing facility at Plot No. E – 552 in the Sanand – II Industrial Estate, Hirapur, Taluka Sanand, District Ahme
₹27.19 Cr
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company
₹3.75 Cr
General corporate purposes
₹1.51 Cr
Issue Expense
₹3.85 Cr
Strengths
✓
: Fully automated in-house IML manufacturing with backward integration
✓
Dual product portfolio comprising IML food containers and industrial End Caps
✓
Revenue up 24% in FY26 to ₹65.20 Cr
✓
PAT up 33% in FY26 to ₹8.04 Cr
✓
PAT margin of 11.32%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.