· SME · BSE
Price Band
₹92–97
Lot Size
1200 shares
Issue Size
₹36 Cr
Min. Investment
₹1,16,400
Indicative, updates through the day
Cap price plus current GMP: ₹109 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Dhaval Packaging IPO is an SME issue that listed on BSE on 6 August 2026. The issue price band is fixed at per equity share with a minimum market lot size of 1200 shares, bringing the total issue size to .
The latest unlisted Grey Market Premium (GMP) for Dhaval Packaging IPO is quoted at ₹12, representing a premium of approximately 12.37% over the upper price band of ₹97. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹109, and informal quotes have risen over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
The minimum investment for retail investors is one lot of 1200 shares (approx. ₹1,16,400 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 4 August 2026 and listing completed on 6 August 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹97
Listed At
₹110
Current Price
₹111.68
Incorporated in November 2015, Dhaval Packaging Limited is engaged in the design, manufacturing, and supply of plastic packaging solutions for the food, FMCG, and industrial sectors. The company primarily manufactures In-Mold Labeling (IML) food containers and SAW Pipe Protection Plastic Caps (End Caps), serving both domestic and international customers. Its packaging solutions cater to industries including dairy, sweets, bakery, confectionery, frozen foods, pharmaceuticals, agro products, oil & gas, construction, infrastructure, and heavy engineering. The company operates three manufacturing facilities in Sanand, Gujarat, equipped with 21 IML injection molding machines and one vacuum forming machine, with a production capacity exceeding 8,000 kg per day. Its fully automated in-house IML manufacturing, backward integration through its promoter group entity for label production, and in-house tooling capabilities enable consistent quality, faster turnaround, and customized packaging solutions. Dhaval Packaging also exports its products to countries including Malaysia, Mauritius, Canada, UAE, Qatar, and Australia. 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. As of May 31, 2026, Dhaval Packaging had 54 permanent employees and 112 contract workers supporting manufacturing, quality control, sales & marketing, accounts, compliance, and administrative functions.
Dhaval Packaging IPO raises ₹10.00 crore from anchor investors. Dhaval Packaging IPO Anchor bid date is July 29, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 17,18,400 | 49.95% |
| − Anchor Investor | 10,30,800 | 0% |
| − QIB (Ex. Anchor) | 6,87,600 | 0% |
| NII (HNI) | 5,17,200 | 15.03% |
| − bNII > ₹10L | 3,44,400 | 0% |
| − sNII < ₹10L | 1,72,800 | 0% |
| Retail | 12,04,800 | 35.02% |
| Employee | 1,20,000 | 0% |
| Market Maker | 1,88,400 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,32,800 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,32,800 |
| S-HNI (Min) | 3 | 3600 | ₹3,49,200 |
| S-HNI (Max) | 8 | 9600 | ₹9,31,200 |
| B-HNI (Min) | 9 | 10800 | ₹10,47,600 |
| Employee (Min) | 2 | 2400 | ₹2,32,800 |
| Employee (Max) | 4 | 4800 | ₹4,65,600 |
EPS (Pre IPO)
8.05
EPS (Post IPO)
5.85
ROE
24.03%
P/E (Pre IPO)
12.05
P/E (Post IPO)
16.58
Price / Book
Market Cap
₹97Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Diksha Polymers Ltd. | 9.79 | ₹17.90 Cr | |
| RFBL Flexi Pack Ltd. | 9.75 | ₹35.33 Cr | |
| Ecoline Exim Ltd. | 12.12 | ₹76.42 Cr | |
| Jyoti Global Plast Ltd. | 16.82 | ₹35.44 Cr | |
| Knack Packaging Ltd. | 18.33 | ₹439.50 Cr |
Dhaval Packaging Ltd. Address
KFin Technologies Ltd.