Dhaval Packaging Limited

Total Issue Size

₹36.36 Cr

37,48,800 shares

Fresh Issue

₹36.36 Cr

37,48,800 shares

Offer for Sale

₹0 Cr

Face Value

₹10 per share

Issue Type

Book-built IPO

Listing At

BSE SME

Shares Pre-Issue

99,88,000

Shares Post-Issue

1,37,36,800

1. Offer opens

   30 Jul 2026

2. Offer closes

   3 Aug 2026

3. Allotment

   4 Aug 2026

4. Listing

   6 Aug 2026

• Anchor27.5%10,30,800 shares
• QIB18.3%6,87,600 shares
• HNI13.8%5,17,200 shares
• Retail32.1%12,04,800 shares
• Employee3.2%1,20,000 shares
• MarketMaker5.0%1,88,400 shares

Incorporated in November 2015, Dhaval Packaging Limited is engaged in the design, manufacturing, and supply of plastic packaging solutions for the food, FMCG, and industrial sectors. The company primarily manufactures In-Mold Labeling (IML) food containers and SAW Pipe Protection Plastic Caps (End Caps), serving both domestic and international customers. Its packaging solutions cater to industries including dairy, sweets, bakery, confectionery, frozen foods, pharmaceuticals, agro products, oil & gas, construction, infrastructure, and heavy engineering. The company operates three manufacturing facilities in Sanand, Gujarat, equipped with 21 IML injection molding machines and one vacuum forming machine, with a production capacity exceeding 8,000 kg per day. Its fully automated in-house IML manufacturing, backward integration through its promoter group entity for label production, and in-house tooling capabilities enable consistent quality, faster turnaround, and customized packaging solutions. Dhaval Packaging also exports its products to countries including Malaysia, Mauritius, Canada, UAE, Qatar, and Australia. Key Products: 1. IML (In-Mold Labeling) Containers: In this process, a printed label is placed inside the mold before plastic is formed, so the label becomes part of the container. This creates a strong, long-lasting finish that resists moisture, scratches, and chemicals. The company offers around 39 IML container SKUs and supplies many well-known Indian brands, along with exports to international customers. 2. SAW Pipe Protection Plastic End Caps: It manufactures plastic end caps used to protect the ends of pipes and tubes during storage and transport. These caps prevent damage, contamination, and corrosion. They are used across industries such as oil & gas, construction, infrastructure, and heavy engineering. As of May 31, 2026, Dhaval Packaging had 54 permanent employees and 112 contract workers supporting manufacturing, quality control, sales & marketing, accounts, compliance, and administrative functions. Competitive Strengths: Fully automated in-house IML manufacturing with backward integration. Dual product portfolio comprising IML food containers and industrial End Caps. Strong customization, tooling, and product development capabilities. Long-standing customer relationships backed by experienced promoters and management.

• 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)

• <p>Manish Nanalal Dagla
• Dhaval Nanalal Dagla
• Shah Aalpa Dipak
• Jigar Harivadan Contractor
• Jigar Manubhai Shah</p>

Book running lead managers

• Rarever Financial Advisors Pvt.Ltd.

Registered office

Plot No. E 411,, GIDC, Sanand, Ahmedabad, Gujarat, 382110

Market maker

New Berry Capitals Pvt.Ltd.

• DRHPDraft Red Herring Prospectus
• RHPRed Herring Prospectus
• AnchorAnchor Investor List