Dhaval Packaging IPO
Packaging • ₹36.36 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹97
Lot Size
1200 shares
Issue Size
₹36.36 Cr
Open
30 Jul 2026
Close
03 Aug 2026
Subscription
46.2×
IPO Schedule
| Issue Open Date | 30 Jul 2026 |
| Issue Close Date | 03 Aug 2026 |
| Allotment Date | 04 Aug 2026 |
| Listing Date | 05 Aug 2026 |
About Dhaval Packaging
Dhaval Packaging Limited is engaged in the design, manufacture, and supply of plastic packaging solutions for domestic and international markets. The company primarily serves the food and FMCG sectors, offering packaging for products such as sweets, dairy, dry fruits, bakery items, confectionery, frozen foods, and ready-to-eat foods. Its product portfolio includes food-grade In-Mold Labelling (IML) containers and SAW (Submerged Arc Welded) pipe protection plastic end caps used in industries such as oil and gas, construction, infrastructure, and heavy engineering. The company offers around 39 SKUs of IML containers and also manufactures customised end caps for industrial applications. Dhaval Packaging operates three manufacturing facilities in Sanand, Gujarat, spread across more than 60,000 sq. ft., with a production capacity of over 8,000 kg per day. For its IML products, the company follows an integrated manufacturing process supported by its promoter group entity, Octa Labels, for label supply.
Company Details
Founders / Promoters
Mr Manish Nanalal Dagla
Founded
2015
Registrar
KFin Technologies Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Dhaval Packaging — IPOFins Verdict
QuantitativeDriven by QIB demand at 56.4x and elevated disclosed risk (7/10), Dhaval Packaging listed at a premium of 13.4% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company claims to operate a fully integrated in-house In-Mold Labelling (IML) manufacturing process supported by automation. It states that its production setup includes robotic handling, in-line
- The company claims to benefit from backward integration through its promoter group entity, Octa Labels. According to the prospectus, this allows it to manage label development, pre-press, substrate se
- Dhaval Packaging operates across two product segments, serving both consumer and industrial markets. Along with food-grade IML containers for the food and FMCG sectors, it manufactures SAW pipe protec
- The company claims to have customisation and tooling capabilities for customer-specific packaging requirements. It designs packaging based on factors such as product dimensions, tamper-evident feature
- The company is certified under multiple international management standards. It holds ISO 9001:2015 certification for its Quality Management System, ISO 14001:2015 certification for its Environmental M
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹97
Listing Price
₹110
Listing Gain/Loss
+13.40%
Listing Date
05 Aug 2026
Price Since Listing
Returns are measured against the ₹97 issue price.
Listing
₹110
+13.4%
1 Week
₹108.45
+11.8%
1 Month
₹123.4
+27.2%
Current
₹114
+17.5%
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FAQ
What is the price band of Dhaval Packaging IPO?
The price band is ₹97 per share with a lot size of 1200 shares. Minimum investment: ₹1,16,400.
What does Dhaval Packaging do?
Dhaval Packaging Limited is engaged in the design, manufacture, and supply of plastic packaging solutions for domestic and international markets. The company primarily serves the food and FMCG sectors, offering packaging for products such as sweets, dairy, dry fruits, bakery items, confectionery, frozen foods, and ready-to-eat foods. Its product portfolio includes food-grade In-Mold Labelling (IML) containers and SAW (Submerged Arc Welded) pipe protection plastic end caps used in industries such as oil and gas, construction, infrastructure, and heavy engineering. The company offers around 39 SKUs of IML containers and also manufactures customised end caps for industrial applications. Dhaval Packaging operates three manufacturing facilities in Sanand, Gujarat, spread across more than 60,000 sq. ft., with a production capacity of over 8,000 kg per day. For its IML products, the company follows an integrated manufacturing process supported by its promoter group entity, Octa Labels, for label supply.
Should I apply for Dhaval Packaging IPO?
Dhaval Packaging listed at ₹110 (+13.4% premium to the ₹97 issue price) after 46.2x subscription. IPOFins Score 7/10: Driven by QIB demand at 56.4x and elevated disclosed risk (7/10), Dhaval Packaging listed at a premium of 13.4% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Dhaval Packaging?
Dhaval Packaging was founded by Mr Manish Nanalal Dagla in 2015.