Dhaval Packaging Ltd.
DHAVALSME
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Overview
Dhaval Packaging Limited designs, manufactures and supplies plastic packaging solutions with a focus on in-mold labelled (IML) food-grade containers for FMCG and food categories, alongside precision plastic end caps used to protect SAW pipe ends during storage, transport and installation. The company operates from three manufacturing units in Sanand, Gujarat, with in-house automated IML production, promoter-group backward integration for label supply, and tooling/customisation capabilities serving domestic customers and select export markets.
Opening Date
Jul 30, 2026
Closing Date
Aug 03, 2026
Listing Date
Aug 06, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
36.36 Cr
Fresh Issue
36.36 Cr
Offer for Sale
0 Cr
Price Band
₹92 - ₹97
Lot Size
1200
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
12.05
EPS
8.05
ROE
31.58%
ROCE
22.58%
RONW
31.58%
Debt to Equity Ratio
—
PAT Margin
12.33%
EBITDA Margin
21.41%
P/B
3.16
Bull vs Bear
Bull case
- •
The business ties label-making with container molding, so it can control print quality and delivery timing better than rivals using outside label vendors.
- •
High capacity use suggests factories run close to full, which can support scale and better cost absorption if expansion execution stays disciplined.
- •
It sells into both branded food packaging and industrial pipe protection, so demand is not tied to only one customer use-case.
Bear case
- •
Over half of revenue comes from the top 10 customers, so losing even a few big accounts could quickly reduce cash generation and factory utilisation.
- •
Almost all purchases come from a small supplier set, without long-term contracts, so raw material price jumps can squeeze margins before prices reset.
- •
Pending NCLT revision filings highlight past compliance lapses, so any adverse order can bring penalties, distract management, and hurt credibility with customers and lenders.
Net takeaway
This is a niche manufacturer of branded IML containers and industrial end caps, and the long-term story depends on executing capacity expansion while keeping quality and delivery reliable. The upside is tighter control from in-house IML and label integration, plus a two-segment portfolio. But concentration risk is real: revenue leans on a few customers and inputs lean on a few suppliers, while compliance proceedings add uncertainty. Track customer concentration and repeat-order stability over time.
Subscription Rate
Subscription data will be available once the IPO opens.
Application Details
Frequently Asked Questions about Dhaval Packaging Ltd.
Dhaval Packaging Limited designs, manufactures and supplies plastic packaging solutions with a focus on in-mold labelled (IML) food-grade containers for FMCG and food categories, alongside precision plastic end caps used to protect SAW pipe ends during storage, transport and installation. The company operates from three manufacturing units in Sanand, Gujarat, with in-house automated IML production, promoter-group backward integration for label supply, and tooling/customisation capabilities serving domestic customers and select export markets.
The Dhaval Packaging Ltd. IPO is scheduled to open for subscription on Jul 30, 2026 and close on Aug 03, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Dhaval Packaging Ltd. IPO is ₹92 to ₹97. Investors can place bids within this range once the issue opens.
The minimum lot size for the Dhaval Packaging Ltd. IPO is 1200 shares. The minimum investment amount ₹1,16,400.
The total issue size of the Dhaval Packaging Ltd. IPO is approximately ₹36.36. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Dhaval Packaging Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Dhaval Packaging Ltd. IPO is ₹[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Dhaval Packaging Ltd. are expected to list on stock exchanges on Aug 06, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Dhaval Packaging Ltd. IPO are proposed to be used for We intend to utilize the proceeds of the issue to meet the following 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'), Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company, General corporate purposes.
Before applying for the Dhaval Packaging Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
