Dhaval Packaging IPO- Company Analysis
Dhaval Packaging IPO under the SME IPO category is a book-built issue of Rs. 36.36 Cr by Dhaval Packaging Limited, which is involved in the development, production, and distribution of plastic packaging solutions for the food, FMCG, and industrial industries.
Serving both domestic and foreign clients, the company's main products are SAW Pipe Protection Plastic Caps (End Caps) and In-Mold Labeling (IML) food containers. Dairy, confections, baking, frozen foods, pharmaceuticals, agricultural products, oil and gas, construction, infrastructure, and heavy engineering are just a few of the industries it serves with its packaging solutions.
Products:
- Containers with IML (In-Mold Labeling)
- SAW Protection Pipes Plastic End.
Dhaval Packaging IPO Details
The Dhaval Packaging IPO date of opening is 30 Jul 2026; its initial public offering will end on 03 Aug, IPO allotment on Aug 04 and refund initiation on Aug 05, 2026.
The Rs. 36.36 crore new SME IPO comprises a wholly fresh issue of 0.37 crore shares.
The Dhaval Packaging IPO listing date (expected) might be Thursday, Aug 06, 2026, and the listing on the BSE and SME.
The Dhaval Packaging IPO price band is Rs. 92 to Rs. 97.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jul 30, 2026 |
|
IPO Closing Date |
Aug 03, 2026 |
|
IPO Allotment Date |
Aug 04, 2026 |
|
Refund Initiation |
Aug 05, 2026 |
|
IPO Listing Date |
Aug 06, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
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 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
673.92 |
434.71 |
65.71 |
|
Net Cash Flow Investing Activities |
(1,405.04) |
(1,027.60) |
(402.44) |
|
Net Cash Flow Financing Activities |
838.76 |
587.63 |
428.59 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Partly finance the cost of establishing a new manufacturing facility at Plot No. E – 552 in the Sanand – II Industrial Estate, Hirapur, Taluka Sanand, District Ahmedabad (“Proposed facility”). ~ Rs. 27.19 Cr.
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company. ~ Rs. 3.75 Cr.
- General Corporate Purposes.
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
31.58% |
|
ROCE |
22.58% |
|
Debt/Equity |
0.78 |
|
RoNW |
31.58% |
|
PAT Margin |
12.33% |
|
EBITDA Margin |
21.41% |
|
Price to Book Value |
3.16 |
Listed Peers of Dhaval Packaging Ltd.
|
Company |
Face Value (Rs.) |
Basic EPS (Rs.) |
P/E Ratio (x) |
|
Mold-Tek Packaging Limited |
5 |
21.93 |
31.38 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 8.08 from the last year, the resulting P/E ratio is 12x.
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IPO's Strengths
- Internal IML production that is completely automated and has backward integration.
- IML food containers and industrial end caps make up the dual product offering.
- Strong product development, tooling, and customisation skills.
IPO's Weaknesses
- Customer concentration risk
- Supplier concentration risk
- Raw material price volatility risk.
Dhaval Packaging IPO GMP
Dhaval Packaging IPO GMP today is Rs. 0 as of 28 July 2026, while writing this information.
Dhaval Packaging IPO Summary
|
IPO Opening & Closing Date |
30 Jul, 2026 to 03 Aug, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 92 to Rs. 97 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
37,48,800 Shares (Rs. 36 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
35,60,400 Shares (Rs. 35 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum of 2 Lots (2400 Shares) for Rs. 2,32,800 and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,49,200.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Dhaval Packaging IPO Allotment Status
To check the Dhaval Packaging IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Dhaval Packaging Ltd.
- Manish Nanalal Dagla
- Dhaval Nanalal Dagla
- Shah Aalpa Dipak
- Jigar Harivadan Contractor
- Jigar Manubhai Shah.
|
Pre-Issue Promoter Shareholding |
90.86% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
- Rarever Financial Advisors Pvt. Ltd.
Dividend Policy
The company has not declared a dividend since its incorporation.
Conclusion
Dhaval Packaging IPO presents a growth opportunity with its strong presence in plastic packaging solutions, automated IML capabilities, and expansion plans through a new manufacturing facility. However, investors should carefully evaluate risks such as customer concentration, raw material price fluctuations, and valuation before investing.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
