BSE List Price : ₹

subscription

Category	Times
QIBs	56.38x
HNIs	75.48x
Retail	38.82x
Total : 49.28x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹232,800
Retail Maximum	2	2,400	₹232,800
S-HNI Minimum	3	3,600	₹349,200
S-HNI Maximum	8	9,600	₹931,200
B-HNI Minimum	9	10,800	₹1,047,600

About the Company

Incorporated in November 2015, Dhaval Packaging is engaged in the design, manufacture, and supply of plastic packaging solutions for the FMCG, food, and industrial sectors. The company produces In-Mold Labelling (IML) food containers and SAW Pipe Protection Plastic Caps (End Caps), serving customers in both domestic and international markets.

Its product portfolio caters to a wide range of industries, including dairy, confectionery, bakery, frozen foods, pharmaceuticals, agro products, oil & gas, construction, infrastructure, sweets, and heavy engineering. The company operates three manufacturing facilities located in Sanand, Gujarat, equipped with 21 IML injection moulding machines and one vacuum forming machine, with a combined production capacity of over 8,000 kg per day. In addition to its presence in India, Dhaval Packaging exports its products to several countries, including Malaysia, Mauritius, Canada, the UAE, Qatar, and Australia.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹43.14	₹42.54	₹0.51	₹29.27
2024	₹48.08	₹46.05	₹1.55	₹33.70
2025	₹52.43	₹44.40	₹6.04	₹47.89
2026	₹65.20	₹54.48	₹8.04	₹66.42

Company Promoter

Manish Nanalal Dagla

Dhaval Nanalal Dagla

Shah Aalpa Dipak

Jigar Harivadan Contractor

Jigar Manubhai Shah

Know before investing

• • Strengths

  Automated In-house IML Manufacturing: Advanced in-house automated manufacturing infrastructure supports efficient production, maintains consistent product quality, and enhances scalability.

  Integrated Manufacturing Operations: Backward-integrated operations strengthen cost efficiency, improve quality assurance, and enhance supply chain stability.

• • Risks

  Customer Concentration Risk: The company generates a substantial share of its revenue from a limited number of key customers. Any decline in orders or loss of these customers could adversely affect its business operations and financial performance.

  Supplier Concentration Risk: The company depends on a limited number of suppliers and lacks long-term supply arrangements. Any interruption in supplies or loss of key suppliers may adversely impact procurement, production, and business operations.

Objects of the Issue & Utilisation of proceeds

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”)

Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company

General corporate purposes

Company  Address

Dhaval Packaging Ltd.
Plot No. E 411, GIDC,
Sanand
Ahmedabad, Gujarat, 382110
Phone: +91 9898066258
Email: cs@dhavalpackaging.com
Website: http://www.dhavalpackaging.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: dhavalpack.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

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