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Dhaval Packaging IPO
Price Band
₹92.0–97.0
Issue Size
₹36.36 Cr
Lot Size
1,200 shares
Min Investment
₹232,800
2 LOTS MIN
GMP
+₹12.0 (12.37%)
Issue Price
₹97.0
Subject to Sauda
₹10900
Paid only if allotted
Dhaval Packaging IPO AI Summary
- Dhaval Packaging IPO is listed on BSE SME in the Packaging sector.
- Price band: ₹92.0–₹97.0 per share, lot size 1,200 shares (min. investment ₹232,800, 2 lots minimum).
- Subscription window: 30 Jul–03 Aug 2026, listing on 06 Aug 2026.
- Current GMP is +₹12.0 (12.37%), an estimated listing price of ₹109 — unofficial and can change daily.
Dhaval Packaging Ltd. is a growing player in the packaging sector, with a strong focus on quality and sustainability. The company has shown consistent revenue and profit growth, making its IPO an interesting option for investors looking to explore the packaging industry.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
49.99x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
56.38x
|
56x ✓ |
| NII (HNI) |
75.35x
|
75x ✓ |
| ↳ bNII (>₹10L) |
88.89x
|
89x ✓ |
| ↳ sNII (<₹10L) |
48.36x
|
48x ✓ |
| Retail (RII) |
40.36x
|
40x ✓ |
| Employee |
0.78x
|
0.78x |
| Total | 49.99x | 49.99x |
Auto-updated every 5 min · As of 3rd Aug 2026 18:56
Dhaval Packaging IPO Grey Market Premium (GMP) Today
GMP
+₹12.0
GMP %
+12.37%
Est. Listing
₹109.0
Updated: 06 Aug 2026 10:00
GMP Trend (Last 13 Days)
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
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹8.05
NAV
₹30.70
ROE
31.58%
ROCE
22.58%
RoNW
31.58%
P/B Value
3.16
P/E Ratio
12.05
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, 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 3.75 3 General corporate purposes 1.51 4 Issue Expense 3.85 Total 36.30
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹48.08 Cr in the period ending 31 Mar 2024, increasing to ₹52.43 Cr by 31 Mar 2025, and further rising to ₹65.20 Cr by 31 Mar 2026. This shows a consistent growth in revenue over the periods analyzed.
Profit Trend
Profit After Tax was ₹1.55 Cr in the period ending 31 Mar 2024, rising to ₹6.04 Cr by 31 Mar 2025, and reaching ₹8.04 Cr by 31 Mar 2026. This indicates a strong upward trend in profitability across the periods.
Valuation
Dhaval Packaging Ltd. has an implied P/E ratio of 12.05 at the issue price, compared to peers like Mold-Tek Packaging Limited, which has a P/E of 31.38. This indicates that Dhaval Packaging is priced at roughly 0.38 times the trailing earnings of its peer group.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand for the shares in the grey market, where shares are traded unofficially before they are listed on stock exchanges. A positive GMP suggests that the shares are likely to list at a premium to the issue price.
Subscription Demand
As of 3rd Aug 2026, the IPO was subscribed 49.99 times overall. The Institutional category saw the highest demand at 56.38 times, while the Retail category was subscribed 40.36 times. This indicates strong interest from various investor segments.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it involves investing in a relatively newer company in a competitive sector.
IPO Timeline, Explained
The IPO is set to open on 30th July 2026 and will close on 3rd August 2026. Allotment of shares will be done on 4th August 2026, and the listing is expected on 6th August 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. While a positive GMP may suggest potential gains, there is always a risk of the stock price declining after listing.
This evaluation is generated from Dhaval Packaging's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Dhaval Packaging IPO GMP today?
Dhaval Packaging IPO GMP today is +₹12.0 (12.37%), indicating an estimated listing price of ₹109. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Dhaval Packaging IPO?
The price band of Dhaval Packaging IPO is ₹92.0–₹97.0 per share.
When does Dhaval Packaging IPO open and close?
Dhaval Packaging IPO opens on 30 July 2026 and closes on 03 August 2026.
When does Dhaval Packaging IPO list on the stock exchange?
Dhaval Packaging IPO listed on 06 August 2026 at ₹109.0.
What is the lot size for Dhaval Packaging IPO?
The lot size for Dhaval Packaging IPO is 1200 shares, requiring a minimum investment of ₹232,800 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹92.0 to ₹97.0.
What is the minimum investment required?
The minimum investment required is ₹232,800.
What is the lot size for the IPO?
The lot size for the IPO is 1200 shares.
When is the listing date?
The listing date is expected to be on 6th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2026
Close
03 Aug 2026
Allotment
04 Aug 2026
Listing
06 Aug 2026
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