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DHAVALPACK · BSE · Packaging Products
Dhaval Packaging IPO listed on 06 Aug 2026 on BSE at ₹110.00, a gain of 13.40% over the issue price of ₹97.00. The IPO was subscribed 46.70x overall.
Dhaval Packaging IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 30 Jul 2026 |
| IPO Close Date | 03 Aug 2026 |
| Basis of Allotment | 04 Aug 2026 |
| Initiation of Refunds | 05 Aug 2026 |
| Credit of Shares to Demat | 05 Aug 2026 |
| Listing Date | 06 Aug 2026 |
Listing day gain
+13.4%
Listed at ₹110 (issue ₹97)
Issue
₹97
Listing
₹110
Current
₹112
+15.46% vs issue
Day range
₹106 – ₹114
Issue Size
3,748,800 shares
(aggregating up to ₹36.00 Cr)
Issue Price
₹92 – ₹97
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹232,800
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
3,560,400 shares
(aggregating up to ₹35 Cr)
Offer for Sale
[.]
Reserved for Market Maker
188,400 shares
(aggregating up to ₹2.00 Cr)
Issue Type
book building
Open Date
30 Jul
Close Date
03 Aug
Allotment
04 Aug
Listing
06 Aug
Last updated: 2 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 05 Aug 2026 Latest | ₹97 | ₹10.5 | ₹107.5 | ₹10.5 |
10.82%
|
7:35 PM |
| 05 Aug 2026 | ₹97 | ₹10 | ₹107 | ₹10 |
10.31%
|
5:33 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 03 Aug 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 56.38x | - |
| NII | 75.35x | - |
| bNII (bids above ₹10L) | 88.89x | - |
| sNII (bids below ₹10L) | 48.36x | - |
| Employees | 0.78x | - |
| Individual Investors | 39.8x | - |
| Total | 46.7x | - |
Showing the latest subscription snapshot.
View full subscription historyManish Nanalal Dagla, Dhaval Nanalal Dagla, Shah Aalpa Dipak, Jigar Harivadan Contractor, and Jigar Manubhai Shah are the company promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹232,800 |
| Retail (Max) | 2 | 2,400 | ₹232,800 |
| S-HNI (Min) | 3 | 3,600 | ₹349,200 |
| S-HNI (Max) | 8 | 9,600 | ₹931,200 |
| B-HNI (Min) | 9 | 10,800 | ₹1,047,600 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,718,400 (45.84%) |
|
•
Anchor Investor Shares Offered
|
1,030,800 (27.50%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
687,600 (18.34%) |
| NII (HNI) Shares Offered | 517,200 (13.80%) |
|
•
bNII > ₹10L
|
344,400 (9.19%) |
|
•
sNII < ₹10L
|
172,800 (4.61%) |
| Individual Investors Shares Offered | 1,204,800 (32.14%) |
| Employees Shares Offered | 120,000 (3.20%) |
| Market Maker Shares Offered | 188,400 (5.02%) |
| Total Shares Offered | 3,748,800 (100.00%) |
Dhaval Packaging Limited was incorporated as Dhaval Packaging Private Limited in November 2015 and is headquartered in Sanand, Ahmedabad district, Gujarat. It works in the rigid plastic packaging manufacturing sector.
The company designs and manufactures plastic packaging products, with its main product line being In-Mold Labelling (IML) containers used in categories such as dairy, sweets, ice cream, bakery, and ready-to-eat foods, and pipe protection plastic caps used in industrial applications including oil and gas and infrastructure. It operates three manufacturing facilities in Sanand and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Manish Nanalal Dagla is the Chairman and Managing Director, with Dhaval Nanalal Dagla, Shah Aalpa Dipak, Jigar Harivadan Contractor, and Jigar Manubhai Shah as co-promoters.
On a restated basis, the company reported revenue of Rs 52.43 crore and profit of Rs 6.04 crore in FY25, compared with revenue of Rs 48.08 crore and profit of Rs 1.55 crore in FY24. The IPO is a book-built SME issue of up to 37,48,800 fresh equity shares of face value Rs 10 each, proposed for listing on BSE SME. As per the DRHP, net proceeds are proposed to be used for part-financing a new manufacturing facility at Sanand, Ahmedabad (about Rs 27.19 crore), repayment or prepayment of certain secured borrowings (about Rs 3.95 crore), and general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Dec 2025 |
|---|---|---|---|
| Total Revenue | 48.08 | 52.43 | 51.73 |
| Profit After Tax (PAT) | 1.55 | 6.04 | 5.86 |
| EBITDA | 4.99 | 10.22 | 10.2 |
| Total Assets | 33.7 | 47.89 | 64.69 |
| Net Worth | 4.1 | 20.16 | 28.56 |
| Reserves & Surplus | 2.1 | 17.75 | 18.58 |
| Total Borrowing | 19.28 | 16.55 | 23.66 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Dec 2025 | Mar 2026 |
|---|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 24.03% | 31.58% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 17.4% | 22.58% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 24.03% | 31.58% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 11.32% | 12.33% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 19.77% | 21.41% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.83x | 0.78x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | - | 3.16x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹6.05 | ₹5.68 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 16.03x | 17.08x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹97 Cr | ₹133 Cr |
The basis of allotment for Dhaval Packaging IPO was finalised on 04 Aug 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Dhaval Packaging IPO is expected to open in Jul 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Dhaval Packaging IPO is ₹92.00 - ₹97.00 per share.
As per market sources, Dhaval Packaging IPO GMP is currently ₹10.50. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Dhaval Packaging IPO stands at 46.70x overall.
The listing date for Dhaval Packaging IPO is 06 Aug 2026.
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