IPO Guru
Bajaj
Closed SME

Dhaval Packaging SME IPO

Dhaval Packaging IPO — date, price band, lot size & details 2026

Dhaval Packaging listed on 6 Aug 2026 at ₹110, 13.4% above the ₹97 issue price.

Everything you need to know about the Dhaval Packaging IPO. Track the latest updates, GMP trends, and subscription status.

Stock price

Dhaval Packaging is listed — here is the live share price.

Loading market data…
Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 23 October.

Key dates Listed
  1. Open 30 Jul 2026
  2. Close 03 Aug 2026
  3. Allotment 04 Aug 2026
  4. Refund/credit TBA
  5. Listing 06 Aug 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 30 Jul to 3 Aug, 2026
Price Band ₹92 – ₹97
Face Value ₹10
Lot Size 1200 Shares
Issue Size ₹36.36 Cr
Sale Type Fresh capital only
Listing On BSE SME
Registrar KFin Technologies Limited
Min Investment ₹ 2,32,800
Reservation
QIB 49.95%
NII 15.03%
Retail 35.02%
Employee 3.2%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 1200 shares at the ₹97 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
If it lists at today's grey market premium of ₹12
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 2 2,400 ₹2,32,800
Retail (max) 2 2,400 ₹2,32,800
HNI (min) 3 3,600 ₹3,49,200

Three years of numbers

All figures in ₹ crore, as reported in the Dhaval Packaging offer document.

Total income
65.20
48
52
65
31 Mar 202431 Mar 202531 Mar 2026
Profit after tax
8.04
2
6
8
31 Mar 202431 Mar 202531 Mar 2026
EBITDA
13.93
5
10
14
31 Mar 202431 Mar 202531 Mar 2026
Borrowing vs net worth
24.13 / 30.75
31 Mar 202431 Mar 202531 Mar 2026
Borrowing Net worth
Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 66.42 47.89 33.70
Total Income 65.20 52.43 48.08
Profit After Tax 8.04 6.04 1.55
EBITDA 13.93 10.22 4.99
NET Worth 30.75 20.16 4.10
Reserves and Surplus 20.76 17.75 2.10
Total Borrowing 24.13 16.55 19.28

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Dhaval Packaging RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
16.58
EPS (₹)
5.85
RoCE
22.58%
RoNW
31.58%
PAT Margin
12.33%

Dhaval Packaging IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹5.85
P/E Ratio (x) 16.58
Market Cap at Offer Price (₹ Cr) ₹133.31

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹97 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹36.30 Cr of the issue is earmarked to named objects.

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 Cr
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company ₹3.75 Cr
General corporate purposes ₹1.51 Cr
Issue Expense ₹3.85 Cr

About the company

No company details available yet.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
Manish Nanalal Dagla, Dhaval Nanalal Dagla, Shah Aalpa Dipak, Jigar Harivadan Contractor and Jigar Manubhai Shah
Promoter holding
90.86% → 66.06%
Pre-issue → post-issue
Registered office
Plot No. E 411, GIDC, Sanand, Ahmedabad, Gujarat, 382110
9898066258

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Rarever Financial Advisors Pvt. Ltd. Pvt. Ltd. View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

1 of their issues has listed so far, and 1 opened above the issue price (average +74.2%). That is too small a sample to read as a hit rate.

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Dhaval Packaging
Email

Frequently asked

What is the GMP of Dhaval Packaging?

The current Grey Market Premium is ₹12, or 12.37% over the issue price.

What is the Dhaval Packaging IPO price band?

₹92 to ₹97, on a face value of ₹10.

When is the allotment?

The basis of allotment is 4 August 2026, with listing on 6 August 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

Dhaval Packaging IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

Join the WhatsApp channel All SME IPOs

Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹12
Subscribed
46.56×
Min bid
₹2,32,800
Size my application