Dhaval Packaging Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 23.20x | 1,725,600 | 39,866,400 | ₹17 Cr |
| NII (HNI) | 75.85x | 522,000 | 39,228,000 | ₹5 Cr |
| Retail | 40.03x | 1,214,400 | 48,223,200 | ₹12 Cr |
| Market Maker | — | 188,400 | — | ₹2 Cr |
| Σ Total | 2.73x | 98,400 | 327,250 | ₹1 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹116,400 |
| Retail (Max) | 13 | 15,600 | ₹1,513,200 |
| S-HNI (Min) | 14 | 16,800 | ₹1,629,600 |
| B-HNI (Min) | 67 | 80,400 | ₹7,798,800 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 52 | 52 | 48 |
| EBITDA | 10 | 10 | 5 |
| Profit After Tax | 6 | 6 | 2 |
| Net Worth | 29 | 20 | 4 |
| Total Assets | 65 | 48 | 34 |
| Reserves & Surplus | 19 | 18 | 2 |
| Total Borrowing | 24 | 17 | 19 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 our Company – 3.95
- General corporate purposes –
Company Overview
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