IPO
Dhaval Packaging IPO oversubscribed
The Sanand-based company Dhaval Packaging has concluded its initial public offering (IPO) on August 3, 2026, with an overall subscription of 49.17 times. The public issue received bids for 12.44 crore shares against the 25.30 lakh shares available for subscription. The Non-Institutional Investors (NIIs) category recorded the highest interest with a subscription of 75.11 times, followed by Qualified Institutional Buyers (QIBs) at 56.38 times and Individual Investors at 38.74 times. The employee category was subscribed 0.78 times.Founded in 2015, Dhaval Packaging designs, manufactures, and supplies plastic packaging solutions for the industrial, food, and FMCG sectors, including In-Mold Labelling containers. The company intends to allocate INR 27.19 crore of the proceeds toward the construction of a new manufacturing facility and INR 3.75 crore for the repayment of debt.The issue is priced in a band of INR 92 to INR 97 per share, with the total issue size amounting to INR 36.36 crore.
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