31 Mar 2024
Assets33.70
Total Income48.08
EBITDA4.99
Profit After Tax1.55
NET Worth4.10
Reserves and Surplus2.10
Total Borrowing19.28
At a glance
Updated 2026-08-24The shares listed at ₹110.00, a 13.40% move from the issue price. Dhaval Packaging is a SME IPO with an issue size of ₹36.36 crore, proposed for listing on BSE SME. The offer opens on 30th Jul 2026 and closes on 3rd Aug 2026. The issue structure includes a fresh issue of ₹34.54 crore. The current listing schedule points to 6th Aug 2026.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹36.36 Cr
Fresh issue₹34.54 Cr
Face value₹10
Price band₹92.00–₹97.00
Allotment4th Aug 2026
Listing6th Aug 2026
Listing performance
Full performance ↗Issue price₹97.00
Listing price₹110.00
Current price—
Listing gain13.40%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹12.00
GMP / upper price12.37%
Est. listing₹109.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30th Jul 2026
Closes3rd Aug 2026
Allotment4th Aug 2026
Refund5th Aug 2026
Demat5th Aug 2026
Listing6th Aug 2026
Subscription demand
Full bidding ↗Total49.99×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹232,800 |
| Retail (Max) | 2 | 2400 | ₹232,800 |
| S-HNI (Min) | 3 | 3600 | ₹349,200 |
| S-HNI (Max) | 8 | 9600 | ₹931,200 |
| B-HNI (Min) | 9 | 10800 | ₹1,047,600 |
Reservation
Issue mix
QIB45.84%17,18,400 shares
− Anchor Investor27.50%10,30,800 shares
− QIB (Ex. Anchor)18.34%6,87,600 shares
NII (HNI)13.80%5,17,200 shares
− bNII > ₹10L9.19%3,44,400 shares
− sNII < ₹10L4.61%1,72,800 shares
Retail32.14%12,04,800 shares
Preferential Reservations
Employee3.20%1,20,000 shares
Firm Reservations
Market Maker5.03%1,88,400 shares
Total100.00%37,48,800 shares
Company
Use of proceeds
| Object | Amount |
|---|---|
| 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 |
| Total | ₹36.30 Cr |
Financials
Full financials ↗31 Mar 2025
Assets47.89
Total Income52.43
EBITDA10.22
Profit After Tax6.04
NET Worth20.16
Reserves and Surplus17.75
Total Borrowing16.55
31 Mar 2026
Assets66.42
Total Income65.20
EBITDA13.93
Profit After Tax8.04
NET Worth30.75
Reserves and Surplus20.76
Total Borrowing24.13
Trend chart₹ crore
KPIs
| KPI | Dec 31, 2025 | Mar 31, 2026 |
|---|---|---|
| ROE | 24.03% | 31.58% |
| ROCE | 17.40% | 22.58% |
| Debt / Equity | 0.83% | 0.78% |
| RoNW | 24.03% | 31.58% |
| PAT Margin | 11.32% | 12.33% |
| EBITDA Margin | 19.77% | 21.41% |
| Price to Book Value | 3.16 |
Valuation & shareholding
Pre-IPO EPS8.05
Post-IPO EPS5.85
Pre-IPO P/E12.05
Post-IPO P/E16.58
Promoter holding pre90.86%
Promoter holding post66.06%
Market cap₹133.25 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees | ₹0.30 Cr |
| Fees payable to Regulatory, Advertising and Marketing Expense | ₹0.16 Cr |
| Other Expense (including Legal Advisors and Processing Fees) | ₹0.12 Cr |
| Payment for Printing & distribution Expenses etc. | ₹0.01 Cr |
| Underwriting Fees | ₹3.27 Cr |
| Total | ₹3.85 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Rarever Financial Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.