Summary
The Dhaval Packaging IPO is scheduled to open on 30th July 2026 and close on 3rd August 2026.
The primary objective of this IPO is to fund a new manufacturing facility, repay borrowings, and support general corporate purposes.
The Dhaval Packaging IPO is offering 37,48,800 public shares, scheduled to begin on 30th July and end on 3 August 2026 with a price band between ₹92 and ₹97. It is a book-building issue, fixed to list on the BSE SME on 6th August 2026.
The objective of the Dhaval Packaging IPO is to raise funds to build a new manufacturing unit, to repay its outstanding borrowings, and for general corporate purposes.
Dhaval Packaging IPO Key Details
The table below presents the essential details investors should know before applying for the Dhaval Packaging IPO.
| IPO Open Date | 30 July 2026 |
| Close Date | 3 August 2026 |
| Face value | ₹10 per share |
| Price Band | ₹92 to ₹97 |
| IPO Lot Size | 1,200 shares per lot |
| Fresh issue | 37,48,800 |
| Type of issue | Book-built IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹36.36 approx. |
| Minimum Investment | 2 lots or 2,400 shares |
Dhaval Packaging IPO Timeline
Below is the complete schedule of events for the Dhaval Packaging IPO.
| Bid Opening | 30 July 2026 |
| Bid Closing | 03 August 2026 |
| Tentative Allotment | 04 August 2026 |
| Initiation of Refunds | 05 August 2026 |
| Credit of Shares to Demat | 05 August 2026 |
| Tentative Listing Date | 06 August 2026 |
| UPI mandate closing date | 03 August 2026 |
Key Performance Indicators of Dhaval Packaging IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 31.58 | 49.80 | 46.62 |
| ROCE (%) | 22.58 | 25.28 | 12.38 |
| Debt Equity (in times) | 0.78 | 0.82 | 4.70 |
| RoNW (%) | 31.58 | 49.80 | 46.62 |
| PAT Margin (%) | 12.33 | 11.52 | 3.23 |
| EBITDA margin (%) | 21.41 | 19.56 | 10.39 |
| Price to book | 3.16 |
Dhaval Packaging IPO Financial Details
The Financial information of the Dhaval Packaging IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 65.20 | 52.43 | 48.08 |
| Total Asset | 66.42 | 47.89 | 33.70 |
| Profit | 8.04 | 6.04 | 1.55 |
Dhaval Packaging IPO Subscription Status
The subscription data is not available yet.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Dhaval Packaging IPO Grey Market Premium (GMP)
The current status of Grey Market Premium for Dhaval Packaging IPO shows GMP at ₹0. Therefore, according to the status, the estimated listing price is ₹97.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 29-07-2026 | ₹8 ─ | ₹105 (8.25%) | ₹9,600 | 29-Jul-2026 13:56 |
| 28-07-2026 | ₹8 ▲ | ₹105 (8.25%) | ₹9,600 | 28-Jul-2026 23:36 |
| 27-07-2026 | ₹0 ─ | ₹97 (0.00%) | ₹0 | 27-Jul-2026 23:33 |
| 26-07-2026 | ₹0 ─ | ₹97 (0.00%) | ₹0 | 26-Jul-2026 23:32 |
| 25-07-2026 | ₹0 ─ | ₹97 (0.00%) | ₹0 | 25-Jul-2026 23:33 |
| 24-07-2026 | ₹0 ─ | ₹97 (0.00%) | ₹0 | 24-Jul-2026 23:36 |
Dhaval Packaging IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares | Net issue (%) | Total issue(%) |
| Market maker | 1,88,400 | 5.03 | |
| QIBs | 17,18,400 | 49.95 | 45.84 |
| NIIs | 5,17,200 | 15.03 | 13.80 |
| Retails | 12.04.800 | 35.02 | 32.14 |
| Employees | 1,20,000 | 3.20 | |
| Total | 37,48,000 | 100% | 100% |
Dhaval Packaging IPO Lot Sizes
Investors can refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount |
| Retail(Min) | 2 | 2,400 | ₹2,32,800 |
| Retail (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 |
Dhaval Packaging IPO Prospectus
Investors can access the offered prospectus for the Dhaval Packaging IPO mentioned below.
About Dhaval Packaging Ltd.
Dhaval Packaging Ltd is a manufacturer of packaging products. It was founded in November 2015. They design, manufacture, and deliver plastic packaging products to companies engaged in FMCG, food, and industrial sectors. The primary products of the company are In-Mould Labelling (IML) plastic containers and SAW pipe-protection plastic end cups. Dhaval Packaging Ltd. has both domestic and international customers, exporting to countries such as Mauritius, Malaysia, Canada, Australia, UAE, and Qatar.
Promoters:
- Manish Nanalal Dagla
- Dhaval Nanalal Dagla
- Shah Aalap Dipak
- Jigar Harivadan Contractor
- Jigar Manubhai Shah
| Book Runner | Rarever Financial Advisors Pvt. Ltd. |
| Issue Registrar | Kfin Technologies Ltd. |
Purpose of Dhaval Packaging IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Amount in ₹ Crores |
| For establishing a new manufacturing facility | 27.19 |
| For repayment or prepayment of outstanding borrowings | 3.75 |
| General Corporate Purpose | _ |
| Total | _ |
Dhaval Packaging Ltd.- Strengths and benefits
- They have a diverse range of customers, providing IML plastic containers and industrial end caps.
- Since they design, manufacture and supply their products themselves, they have strong capabilities in customisation and product development.
- They have a long-term relationship with their customers, supported by an expert management team and promoters.
Dhaval Packaging Ltd- Risks and limitations
- The packaging industry has low entry barriers, making it highly competitive for the company to sustain.
- The company’s revenue growth highly depends on its top customers in both industrial and commercial segments. According to SEBI-registered analyst Naveen Kumar, losing a major client may have a significant impact on its overall performance.
- Delay in building the manufacturing unit may lead to a negative impact on the company’s growth.
Dhaval Packaging IPO Review
The Dhaval Packaging IPO is an SME book-built issue, fixed to open on July 30th, 2026 and close on August 3rd, 2026. They aim to issue 37,48,800 shares to the public at a price band of ₹92-₹97. The company has shown significant financial performance in the last few years. Its main objective is to fund a new manufacturing facility, repay borrowings, and general corporate purposes.
However, the GMP status of the Dhaval Packaging IPO shows no movement and shows a GMP of ₹0. Hence, investors must go through the necessary details thoroughly before making a decision.
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Dhaval Packaging IPO FAQs
Dhaval Packaging IPO is a book-built SME public issue through which the company plans to raise approximately ₹36.36 crore by issuing fresh equity shares.
Eligible investors can apply through their broker’s online platform or via ASBA using supported net banking services before the issue closes.
The IPO shows improving financial performance and profitability. Investors should evaluate the company’s valuation, business outlook, and associated risks before investing.
The IPO opens for subscription on 30 July 2026 and closes on 3 August 2026.
The minimum application size is 2 lots, comprising 2,400 shares.
The tentative allotment date is 4 August 2026.
The shares are tentatively scheduled to be listed on the BSE SME platform on 6 August 2026.
