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Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.

DP

Dhaval Packaging

Upcoming SME BSE SME · Packaging

Price Band

₹92.0–97.0

Issue Size

₹36.36 Cr

Lot Size

1,200 shares

Min Investment

₹232,800

GMP

info
Grey Market Premium — the unofficial premium buyers are currently willing to pay over the issue price once this IPO lists. It's an informal market estimate, not guaranteed, and can move daily right up to listing day. Learn more: GMP vs Kostak vs Sauda →

+₹0.0 (%)

Issue Price

₹97.0

calendar_month Important Dates

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IPO Open Date
Thu, 30 Jul 2026 in 6d
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IPO Close Date
Mon, 03 Aug 2026 in 10d
assignment
Allotment Date
Tue, 04 Aug 2026 in 11d
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Refund Initiation
Wed, 05 Aug 2026 in 12d
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Credit of Shares
Wed, 05 Aug 2026 in 12d
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Listing Date
Thu, 06 Aug 2026 in 13d

bar_chart Subscription Status

schedule

IPO not open yet

Opens 30 Jul 2026 · in 6 days

trending_up Grey Market Premium (GMP)

GMP

₹0.0

GMP %

%

Est. Listing

₹97.0

schedule Updated: 24 Jul 2026 13:15

speed IPO Listing Probability Meter

Composite Score

40/100

Moderate Probability
GMP Strength (35%) N/A

GMP not yet available

Subscription Demand (30%) N/A

Subscription not open yet

Anchor Investor Interest (15%) N/A

No anchor allocation for this IPO

Historical Similar-IPO Performance (20%) 40/100

Similar IPOs (same sector & type) averaged 6.5% listing gain

Based on historical patterns in GMP, subscription and anchor data — not a guarantee of listing performance. IPOs carry risk of loss; this is not investment advice.

business About the Company

Incorporated in 2015, Dhaval Packaging Ltd. designs, manufactures, and supplies plastic packaging solutions for both Indian and international markets. Its focus is on turning brand ideas into practical, high-quality packaging that can be easily produced at scale. It mainly serves food and FMCG sectors such as sweets, dairy, bakery, dry fruits, and ready-to-eat products. The Company follows strict international standards for quality, safety, and sustainability. It is certified under ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Workplace Health and Safety). The company also holds ISO/IEC 17025:2017 certification for our testing laboratory, ensuring accurate testing and consistent product quality. 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. Competitive Strengths: In-house IML Manufacturing with Automation Backward Integration Dual-Segment portfolio Experienced Promoters Customisation and Tooling Capability Long-standing Customer Relationships and Key-Account Execution

payments Company Financials (₹ Cr)

As of 2025-12-31

Period Ended 31 Dec 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 64.69 47.89 33.70 29.27
Total Income 51.73 52.43 48.08 43.14
Profit After Tax 5.86 6.04 1.55 0.51
EBITDA 10.20 10.22 4.99 2.59
NET Worth 28.56 20.16 4.10 2.55
Reserves and Surplus 18.58 17.75 2.10 0.55
Total Borrowing 23.66 16.55 19.28 14.04

Key Ratios

EPS

₹6.05

NAV

₹30.70

ROE

31.58%

ROCE

22.58%

RoNW

31.58%

P/B Value

3.16

P/E Ratio

16.03

Market Cap

₹133.25 Cr

PAT Margin

12.33%

Debt/Equity

0.78

Peer Comparison

Company NAV RoNW P/E (x) EPS Basic EPS Diluted
Mold-Tek Packaging Limited 199.79 10.98% 31.38 21.93 5
Dhaval Packaging Ltd. This IPO 30.78 31.58% 8.08 10

Promoters

Manish Nanalal Dagla, Dhaval Nanalal Dagla, Shah Aalpa Dipak, Jigar Harivadan Contractor and Jigar Manubhai Shah

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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”) 27.19 2 Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company 3.95 3 General corporate purposes Total 31.14

info Issue Details

Issue Type SME Book Built
Issue Size ₹36.36 Cr
Price Band ₹92.0 – ₹97.0
Issue Price ₹97.0
Lot Size 1,200 shares
Min Investment ₹232,800
Exchange BSE SME
Sector Packaging
Open Date 30 Jul 2026
Close Date 03 Aug 2026
Allotment 04 Aug 2026
Listing Date 06 Aug 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Kfin Technologies Ltd.

Lead Managers / Book Running

account_balance Rarever Financial Advisors Pvt.Ltd.

timeline IPO Timeline

Open

30 Jul 2026

Close

03 Aug 2026

Allotment

04 Aug 2026

Listing

06 Aug 2026

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