Dhaval Packaging IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 43.14 | 48.08 | 52.43 | 65.20 |
| Expense | 42.54 | 46.05 | 44.40 | 54.48 |
| Profit (PAT) | 0.51 | 1.55 | 6.04 | 8.04 |
| Total Assets | 29.27 | 33.70 | 47.89 | 66.42 |
Promoters: Manish Nanalal Dagla, Dhaval Nanalal Dagla, Shah Aalpa Dipak, Jigar Harivadan Contractor, and Jigar Manubhai Shah
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 99,88,000 | 90.86% |
Strengths & Risks
- Heavily oversubscribed — 49.8x overall (so far).
- Strong institutional (QIB) demand — 56.4x.
- Revenue grew 24% in the latest reported year.
- Solid profit margin — 12.3%.
- Strong return on equity — 32%.
Our metrics didn't flag a major concern for Dhaval Packaging from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Since its incorporation in November 2015, Dhaval Packaging has been involved in designing, manufacturing, and supplying of plastic packaging solutions for FMCG, food, and industrial sectors. The firm manufactures In-Mold Labelling (IML) food containers and SAW Pipe Protection Plastic Caps (End Caps), catering to both domestic and international markets. Its packaging solutions serve various industries: dairy, sweets, bakery, confectionery, frozen foods, pharmaceuticals, agro products, oil & gas, construction, infrastructure, and heavy engineering. The firm runs its 3 manufacturing facilities in Sanand, Gujarat, furnished with 21 IML injection moulding machines and one vacuum forming machine with a production capacity exceeding 8,000 kg per day. Moreover, Dhaval Packaging also exports its products to international countries, including Malaysia, Mauritius, Canada, the UAE, Qatar, and Australia.
| Purpose | Amount (Cr) |
|---|---|
| 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 |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | 3.95 |
| General corporate purposes | - |
Resources & Documents
Dhaval Packaging Ltd., Plot No. E 411, GIDC,, Sanand, Ahmedabad, Gujarat, 382110
Dhaval Packaging has set a price band of Rs 92–Rs 97 per share for an issue size of Rs 36 crore. The stock listed with a 13.40% gain versus its issue price on August 06, 2026.
Since its incorporation in November 2015, Dhaval Packaging has been involved in designing, manufacturing, and supplying of plastic packaging solutions for FMCG, food, and industrial sectors. The firm manufactures In-Mold Labelling (IML) food containers and SAW Pipe Protection Plastic Caps (End Caps), catering to both domestic and international markets.
The issue is promoted by Manish Nanalal Dagla, Dhaval Nanalal Dagla, Shah Aalpa Dipak, Jigar Harivadan Contractor, and Jigar Manubhai Shah with Rarever Financial Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Part finance the cost of establishing new manufacturing facility at Plot No. E – 552 in the Sanand – II Industrial Estat… (Rs 27 crore) and Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company (Rs 4 crore).
Grey market is quoting a premium of +Rs 12 (+12.4% over issue price), up Rs 5 from the previous session. Final subscription data records overall subscription at 49.83x, retail at 39.91x, QIB at 56.38x, NII at 75.65x.
On fundamentals, the company is posting revenue growth of 24.4%, a profit margin of 12.3%, return on equity of 31.6% in its most recent reported period. Listed peers in this segment include Mold-Tek Packaging Limited (P/E 31.38x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Dhaval Packaging IPO GMP — What It Means
The latest grey market premium for Dhaval Packaging IPO is ₹12 (+12.4%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Dhaval Packaging it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Dhaval Packaging GMP history and trend, or learn how grey market premium works and how reliable it is.
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