GMP IPO Watch
Dhaval Packaging IPO 2026: Business Expansion, Packaging Demand, Growth Drivers and Investor Outlook
Dhaval Packaging Limited is preparing for its IPO amid growing demand for packaging across...
Read Article
D
SME IPO
LISTED
BSE SME
DHAVALPACK
Dhaval Packaging IPO
Dhaval Packaging IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹12
+12.4%
Est. Listing: ₹109.00
Price Band
₹92 - ₹97
Per equity share
Lot Size
1200 Shares
Min Invest: ₹2,32,800
Issue Size
₹36.36 Cr
Total Public Offering
Issue Dates
29 July 2026 – 2 August 2026
Bidding period
Subscription
46.56x
Total overall demand
Dhaval Packaging IPO Details
Key facts at a glance| IPO Open Date | 29 July 2026 | IPO Close Date | 2 August 2026 |
|---|---|---|---|
| Basis of Allotment | 3 August 2026 | Listing Date | 5 August 2026 |
| Price Band | ₹92 - ₹97 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,32,800 |
| Total Issue Size | ₹36.36 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Dhaval Packaging IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 29 July 2026 | Confirmed |
| IPO Close Date | 2 August 2026 | Confirmed |
| Basis of Allotment | 3 August 2026 | Tentative |
| Initiation of Refunds | 5 August 2026 | Tentative |
| Credit of Shares to Demat | 5 August 2026 | Tentative |
| IPO Listing Date | 5 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 3 August 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Dhaval Packaging IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,32,800 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,32,800 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹3,49,200 |
| S-HNI (Max) | 8 Lots | 9,600 Shares | ₹9,31,200 |
| B-HNI (Min) | 9 Lots | 10,800 Shares | ₹10,47,600 |
Dhaval Packaging IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹12 +12.4%
Estimated Listing Price
₹109.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 3 Aug 2026 | ₹12 | ₹109.00 | +12.37% |
| 31 Jul 2026 | ₹15 | ₹112.00 | +15.46% |
| 30 Jul 2026 | ₹12 | ₹109.00 | +12.37% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Dhaval Packaging IPO Subscription Status
Demand breakdown by investor category
Retail
40.28x
QIB
56.38x
NII / HNI
—
Total
46.56x
About Dhaval Packaging
Dhaval Packaging Limited designs, manufactures, and supplies specialised plastic packaging solutions for domestic and international markets. The company’s core business is centred on two main product categories: In-Mold Labelling (IML) containers and Submerged Arc Welded (SAW) pipe protection plastic caps. The IML segment, which forms the cornerstone of its operations, provides food-grade, tamper-evident packaging for customers in the food and FMCG sectors, including sweets, dairy, ice cream, and bakery products. This is the company’s primary revenue source. The second segment involves producing precision-engineered end caps that protect industrial pipes from damage, contamination, and corrosion during storage and transport, serving sectors like oil and gas, construction, and infrastructure. Dhaval Packaging positions itself as a solutions partner, focusing on creating scalable and manufacturable packaging that enhances product integrity and shelf presence for its clients.
Key Strengths
- Operates a fully in-house, automated manufacturing process for In-Mold Labelling (IML).
- Backward integration with a promoter-group entity ensures uninterrupted label supply.
- Maintains a dual-segment portfolio of IML containers and industrial End Caps.
- Offers customised packaging solutions with in-house tooling and design capabilities.
- Business model is focused on long-standing relationships and key-account execution.
Key Risks
- A majority of revenue is concentrated from its top 10 customers.
- The business is dependent on a limited number of suppliers for raw materials.
- All manufacturing facilities are geographically concentrated in the state of Gujarat.
- Revenues are concentrated in the food, FMCG, and pipe manufacturing end-use industries.
- The company has experienced negative cash flows from investing activities in recent fiscal years.
Dhaval Packaging IPO Reservation & Share Quotas
The Dhaval Packaging IPO follows the SEBI-prescribed allocation framework applicable to Book Build Issues. The issue has been reserved across various investor categories, including Anchor Investors, Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). This allocation structure helps ensure balanced participation from institutional as well as retail investors.
The category-wise reservation and the corresponding number of shares available for each investor segment are shown below.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | 10,30,800 Shares | 27.50% |
| QIB (Ex. Anchor) | 6,87,600 Shares | 18.34% |
| NII Shares Offered | 5,17,200 Shares | 13.80% |
| Retail Shares Offered | 12,04,800 Shares | 32.14% |
Note: The above reservation details are based on the proposed IPO structure. The final allocation may vary in accordance with SEBI regulations and the basis of allotment approved after the issue closes.
Dhaval Packaging IPO Anchor Investors
The Dhaval Packaging IPO has scheduled its Anchor Investor bidding for July 29, 2026, one business day before the public issue opens. The anchor portion is reserved for Qualified Institutional Buyers (QIBs) and is intended to attract participation from leading institutional investors before the IPO opens for public subscription.
Following the completion of the anchor allocation process, the company will publish the list of anchor investors, the amount raised through the anchor book, and the allocation details. The allotted shares will remain subject to the mandatory lock-in requirements prescribed by SEBI.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 29, 2026 |
| Anchor Investors List | |
| Shares Offered | 10,30,800 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final Anchor Investor list, anchor issue size, and exact lock-in end dates will be announced after the completion of the anchor allocation process and the release of the official allocation details.
Dhaval Packaging IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Jul 2026 |
| IPO Close Date | 03 Aug 2026 |
| Basis of Allotment | 04 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 06 Aug 2026 |
Note: The timeline for Dhaval Packaging IPO is tentative and subject to change.
Dhaval Packaging Promoters and Shareholding Pattern
Dhaval Packaging Limited is promoted by Manish Nanalal Dagla, Dhaval Nanalal Dagla, Shah Aalpa Dipak, Jigar Harivadan Contractor, and Jigar Manubhai Shah. The promoter group has played a significant role in the company's growth and continues to provide strategic direction and operational leadership.
Prior to the IPO, the promoters collectively hold a substantial majority stake in the company. Following the fresh issue of equity shares, the promoter shareholding will be diluted in accordance with the increase in post-issue share capital while the promoters are expected to retain significant ownership in the business.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 99,88,000 | 90.86% |
| Promoter Holding Post Issue | 1,37,36,800 | -% |
Note: The post-issue promoter shareholding percentage will be updated after the IPO allotment and listing process is completed, based on the final issued share capital.
Dhaval Packaging Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Dhaval Packaging About the IPO
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.
Dhaval Packaging Company Financial Report
To Be Updated Soon
Dhaval Packaging Company Valuation & Key Performance Indicators
To Be Updated Soon
Dhaval Packaging Peer Group Comparison
To Be Updated Soon
Dhaval Packaging Lead Managers & Merchant Bankers
- Rarever Financial Advisors Pvt. Ltd.
Dhaval Packaging IPO FAQs
Dhaval Packaging IPO opens for subscription on 29 July 2026 and closes on 2 August 2026.
The price band for Dhaval Packaging IPO is set at ₹92.00 to ₹97.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,32,800).
The latest Grey Market Premium (GMP) for Dhaval Packaging IPO is ₹12. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Dhaval Packaging IPO is tentatively scheduled for 3 August 2026, and shares are expected to list on the stock exchanges on 5 August 2026.
The registrar details will be confirmed in the official prospectus.
Dhaval Packaging IPO Analysis & Articles
