Dhaval Packaging IPO Set to Surge on July 30 Amid Strong Capacity Expansion Plans

Dhaval Packaging IPO Set to Surge on July 30 Amid Strong Capacity Expansion Plans​

Ahmedabad-based plastic packaging manufacturer Dhaval Packaging Limited (DPL) is preparing for its Initial Public Offering (IPO), scheduled to open on July 30 and close on August 3. The company plans to raise Rs. 36.36 crore through a fresh issue of 37,48,800 equity shares.

The IPO has set a price band ranging from Rs. 92 to Rs. 97 per share. DPL intends to allocate the net proceeds primarily towards capacity expansion at its manufacturing facility in Sanand-II Industrial Estate, earmarked at Rs. 27.19 crore. A portion of the funds will also be used for the repayment or prepayment of certain loans, while the remainder is reserved for general corporate purposes.

IPO Allocation and Investment Details​

The total issue is structured with specific allocations across different investor categories. Of the 37,48,800 equity shares, a significant portion (49.95%) is designated for Qualified Institutional Buyers (QIB). Furthermore, 15% of the shares are reserved for High Net Worth Individuals (HNI), and the remaining 35% is allocated to retail investors.

The lot size for DPL's IPO is set at 1,200 shares. A retail investor must invest a minimum of Rs. 2,32,800. For HNI category participants, the minimum investment requirement stands at 3,600 shares, amounting to Rs. 3,49,200.

Company Profile and Business Verticals​

Dhaval Packaging was established in 2015 and operates as a designer, manufacturer, and supplier of plastic packaging products for both domestic and international markets. The company's operations are managed by Chairman and Managing Director Manish Dagla and a promoter-led team boasting over 75 years of collective industry experience.

DPL maintains two core business verticals: In-Mould Labelled (IML) food-grade packaging containers and SAW pipe protection plastic caps designed for industrial applications. The company manages three manufacturing facilities in Sanand, covering more than 60,000 sq. ft.

Operational Capacity and Market Reach​

These integrated facilities are equipped with 21 injection moulding machines and one vacuum forming machine, providing a daily production capacity of approximately 8,400 kg. DPL serves an extensive client base spanning the food, dairy, confectionery, FMCG, pharma, construction, infrastructure, oil & gas, automotive, paint & coatings, and chemical & petrochemical sectors.

The company has enhanced its global footprint by entering the Australian market. Furthermore, DPL recently introduced a stackable tin-plastic hybrid packaging solution aimed at premium food applications. This strength in integrated manufacturing, coupled with in-house tooling and design expertise, aids the company's domestic and international growth.

Financial Performance Highlights​

The financial results for the fiscal year ended March 31, 2026, reflect strong operational performance. DPL reported a revenue of Rs. 65 crore, marking a 24.4 per cent increase year-on-year.

Profitability metrics saw substantial growth during the same period. EBITDA increased by 36.2 per cent, reaching Rs. 13.9 crore. Similarly, profit after tax rose by 33 per cent to stand at Rs. 8 crore.

Listing and Book Running Details​

The allotment process for DPL is anticipated to be finalized on August 4. The company's shares are scheduled to list on the BSE SME platform on August 6. Rarever Financial Advisors Private Limited has been appointed as the book-running lead manager for the issue, with KFin Technologies Limited serving as the registrar. New Berry Capitals Private Limited will function as the market maker.