Dhaval Packaging Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹92 – ₹97
Lot Size: 1,200 shares
Min. Investment: ₹1,16,400
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

Lot Size & Investment

1 lot = 1,200 shares

Retail (min)

2 lots · 2,400 shares

Retail (max)

2 lots · 2,400 shares

S-HNI (min)

3 lots · 3,600 shares

Application	Lots	Shares	Amount
Retail	2	2,400	₹2,32,800
Small HNI (S-HNI)	3	3,600	₹3,49,200
Big HNI (B-HNI)	9	10,800	₹10,47,600

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
Period	Mar-26	Mar-25	Mar-24
Assets	66.42	47.89	33.7
Total Income	65.2	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	4.1
Reserves & Surplus	20.76	17.75	2.1
Total Borrowing	24.13	16.55	19.28

Key Performance Indicators

Key performance indicators
Period	Dec-25	Mar-26
ROE (%)	24.03	31.58
ROCE (%)	17.4	22.58
EPS (₹)	—	8.05
P/E (pre-issue)	—	12.05
P/E (post-issue)	—	16.58

About Dhaval Packaging Limited

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.