Dhaval Packaging IPO
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Dhaval Packaging IPO details
Schedule of Dhaval Packaging
| Issue open date | 30 Jul 2026 |
| Issue close date | 03 Aug 2026 |
| UPI mandate deadline | 03 Aug 2026 (5 PM) |
| Allotment finalization | 04 Aug 2026 |
| Refund initiation | 05 Aug 2026 |
| Share credit | 05 Aug 2026 |
| Listing date | 06 Aug 2026 |
| Mandate end date | 18 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 02 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 01 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of Dhaval Packaging
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 36.36 |
| Fresh Issue – Proceeds go to the company | 36.36 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Part-finance the establishment of the new Sanand-II manufacturing facility | 27.19 (74.78%) |
| Repay or prepay certain outstanding secured borrowings |
3.75 (10.31%) |
| General corporate purposes | 5.42 (14.91%) |
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.
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.
Allotment Status for Dhaval Packaging
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Dhaval Packaging
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on August 03, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 6.88 | 387.66 | 56.38x |
| NII | 7.06 | 391.58 | 55.50x |
| Retail | 12.05 | 485.35 | 40.28x |
| Employees | 1.20 | 0.94 | 0.78x |
| Total | 27.18 | 1265.53 | 46.56x |