Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Dhaval Packaging Ltd. has refiled a Draft Red Herring Prospectus (DRHP) with the exchange on March 16, 2026 to raise funds through Initial Public Offer (IPO).
The initial submission on December 30, 2025 was withdrawn by the company on March 10, 2026 prompting the company to refile the documents.
Dhaval Packaging Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.37 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Rarever Financial Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Dhaval Packaging IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,48,800 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 37,48,800 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 99,88,000 shares |
| Share Holding Post Issue | 1,37,36,800 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Dec 30, 2025 |
| Offer document withdrawn | Tue, Mar 10, 2026 |
| Filed with SEBI/Exchange | Mon, Mar 16, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 2015, Dhaval Packaging Ltd. designs, manufactures, and supplies plastic packaging solutions for both Indian and international markets. Its focus is on turning brand ideas into practical, high-quality packaging that can be easily produced at scale. It mainly serves food and FMCG sectors such as sweets, dairy, bakery, dry fruits, and ready-to-eat products.
The Company follows strict international standards for quality, safety, and sustainability. It is certified under ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Workplace Health and Safety). The company also holds ISO/IEC 17025:2017 certification for our testing laboratory, ensuring accurate testing and consistent product quality.
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.
Competitive Strengths:
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 64.69 | 47.89 | 33.70 | 29.27 |
| Total Income | 51.73 | 52.43 | 48.08 | 43.14 |
| Profit After Tax | 5.86 | 6.04 | 1.55 | 0.51 |
| EBITDA | 10.20 | 10.22 | 4.99 | 2.59 |
| NET Worth | 28.56 | 20.16 | 4.10 | 2.55 |
| Reserves and Surplus | 18.58 | 17.75 | 2.10 | 0.55 |
| Total Borrowing | 23.66 | 16.55 | 19.28 | 14.04 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company | 3.95 |
| 3 | General corporate purposes | |
| Total | 31.14 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 24.03% | 49.80% |
| ROCE | 17.40% | 25.28% |
| Debt/Equity | 0.83 | 0.82 |
| RoNW | 24.03% | 49.80% |
| PAT Margin | 11.32% | 11.52% |
| EBITDA Margin | 19.77% | 19.56% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 91.61% |
Lead Manager Reports
Dhaval Packaging IPO is a SME IPO of 37,48,800 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Dhaval Packaging IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dhaval Packaging IPO using UPI as a payment gateway. Zerodha customers can apply in Dhaval Packaging IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhaval Packaging IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhaval Packaging IPO dates are not announced. Please check back again after some time.
Dhaval Packaging IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Dhaval Packaging IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dhaval Packaging IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dhaval Packaging IPO allotment status.
The Dhaval Packaging IPO listing date is not yet announced. The tentative date of listing is .
