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Dhaval Packaging
Price Band
₹92.0–97.0
Issue Size
₹36.36 Cr
Lot Size
1,200 shares
Min Investment
₹232,800
GMP
info
+₹0.0 (%)
Issue Price
₹97.0
calendar_month Important Dates
bar_chart Subscription Status
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
Share GMP:
speed IPO Listing Probability Meter
Composite Score
40/100
GMP not yet available
Subscription not open yet
No anchor allocation for this IPO
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
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
30 Jul 2026
Close
03 Aug 2026
Allotment
04 Aug 2026
Listing
06 Aug 2026