Sanjay Bambhaniya · Jul 24, 2026

Dhaval Packaging SME IPO Review | APPLY or AVOID?

SME Book Build Upcoming

Packaging & Disposables

BSE SME

Price Band

₹92 - ₹97

Issue Size

₹36.36 Cr

Lot Size

2400

Min. Investment

₹2,32,800

SIP Calc Compare

IPO Timeline

DRHP FILED March 16, 2026

OPEN July 30, 2026

CLOSE August 3, 2026

ALLOTMENT August 4, 2026

LISTING August 6, 2026

IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

Dhaval Packaging SME IPO Review

Dhaval Packaging Ltd. started in 2015. It operates in the Packaging & Disposables industry and provides plastic packaging solutions to its customers across India and international markets. This business is based in Ahmedabad, Gujarat. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. Updated review will be available soon.

Strengths & Risks

Strengths

In-house automated manufacturing facility

Dual-segment product portfolio

Experienced management team

Strong customer relationships

4 Strengths Competitive Edge

Financial Update

The company released its restated financial statements for the year ending March 31, 2025. Total revenue was ₹52.43 crore increased from ₹48.08 in previous year. The net profit for the same period was ₹6.04 crore increased from ₹1.55 in previous year. Assets increased by 42.11% compared to the previous year. This trend should be carefully studied prior to any investment. Updated review will be available soon.

IPO Valuation

The upper price band is ₹97. This price leads to a Price-to-Earnings (P/E) ratio of 17.08. The average P/E for the industry is –. Updated review will be available soon.

IPO Objective

Company will use Offer proceeds to meet stated objectives:

Establishing new manufacturing facility at Sanand

Repayment of outstanding secured borrowings

General corporate purposes

Promoters & Lead Manager

Manish Nanalal Dagla, Dhaval Nanalal Dagla, Shah Aalpa Dipak, Jigar Harivadan Contractor and Jigar Manubhai Shah are the promoters

Kfin Technologies Ltd. is the registrar.

Peer Comparison

Below is the comparison of the company with its listed peers using data from March 31, 2026. Updated review will be available soon.

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹ per share)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Dhaval Packaging Ltd.	8.08	10.00	30.78		31.58		Restated
Mold-Tek Packaging Limited	21.93	5.00	199.79	31.38	10.98	3.46

IPO Review & Analyst Rating

Updated review will be available soon.

Analyst Name	Recommendation
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Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.

Sanjay Bambhaniya

Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.

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