DHAVAL PACKAGING LIMITED
SMEBSE
Issue details
Price band
₹92 - ₹97
Lot size
1,200 shares
Issue size
₹36 Cr
Min. investment
₹1,16,400
Registrar
KFin Technologies
Grey market premium
Est. gain+₹12 · 12%
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IPO Timeline
Open
30 Jul
Close
3 Aug
Allotment
4 Aug
Listing
6 Aug
- Refunds & demat credit
- 5 Aug 2026
- Mandate end
- 18 Aug 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,200shares 1 lot · ₹1,16,400 | 1,200shares 1 lot · ₹1,16,400 |
| HNI | 2,400shares 2 lots · ₹2,32,800 | No limit funds permitting |
Based on the upper price band of ₹97 and a lot of 1,200 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹35 Cr
35,60,400 shares
Shares pre-issue
99,88,000
Shares post-issue
1,37,36,800
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 8.05 | 5.85 |
| P/E | 12.05 | 16.58 |
| Market cap | ₹ 96.88 Cr. | ₹ 133.25 Cr. |
| 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% |
| NAV | 28.60 | 30.70 |
| Price to Book Value | — | 3.16 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 |
| Assets | 66.42 | 47.89 | 33.7 |
| Reserves & surplus | 20.76 | 17.75 | 2.1 |
| Total borrowing | 24.13 | 16.55 | 19.28 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 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 Cr
- 2.Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company₹3.75 Cr
- 3.General corporate purposes—
What the company says it intends to do with the money raised.
Shareholding
| Holder | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter and Promoter Group | 90.86% 90,75,000 | 66.06% 90,75,000 |
| Others* | 9.14% 9,13,000 | 33.94% 46,61,800 |
| Total | 100% 99,88,000 | 100% 1,37,36,800 |
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Diksha Polymers Ltd.SME | ₹112 | 9.79 | ₹120.20 | +7.32% |
| RFBL Flexi Pack Ltd.SME | ₹50 | 9.75 | ₹55.10 | +10.20% |
| Ecoline Exim Ltd.SME | ₹141 | 12.12 | ₹140.50 | -0.35% |
| Jyoti Global Plast Ltd.SME | ₹66 | 16.82 | ₹65.80 | -0.30% |
| Knack Packaging Ltd.Mainboard | ₹170 | 18.33 | ₹182.98 | +7.64% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 2 Aug 2026. Always verify against the RHP before applying.