Dhaval Packaging IPO Subscription Status Day 3: Issue Subscribed 6.55 Times As NII And Retail Demand Strengthens

Mumbai, August 03: The Dhaval Packaging IPO attracted robust investor interest on the final day of bidding, with the SME public issue subscribed 6.55 times by late morning. Strong participation from non-institutional investors (NIIs) and healthy retail demand pushed the overall subscription sharply higher ahead of the issue’s close later today.

According to exchange data available till 11:33 AM, the ₹36.36 crore IPO received bids for 1.65 crore shares against 25.30 lakh shares on offer. The issue had attracted 4,996 applications at the time of the latest update.

With subscription set to continue until the market closes today, investors will closely watch the final bidding figures before the allotment process begins this week.

Dhaval Packaging IPO Subscription Status Day 3

As of 11:33 AM on August 03, the subscription stood at:

The NII segment emerged as the strongest category, led by robust bidding from large investors. Retail demand also remained healthy, while qualified institutional buyers had crossed the fully subscribed mark. The employee portion, however, was still below full subscription.

Subscription Trend

The IPO gathered momentum throughout the bidding period, recording a sharp jump in demand on the final day.

Dhaval Packaging IPO Details

Dhaval Packaging is raising ₹36.36 crore through a fresh issue of 35.60 lakh equity shares. The issue also includes a market maker reservation of 1.88 lakh shares, taking the total issue size to 37.49 lakh shares.

The IPO is priced in the band of ₹92 to ₹97 per share. Retail investors can apply for a minimum of 2,400 shares, requiring an investment of ₹2,32,800 at the upper end of the price band.

Ahead of the public issue, the company raised ₹10 crore from anchor investors.

Reservation Break-Up

The net issue has been allocated as follows:

• Qualified Institutional Buyers (QIBs): 49.95%
• Non-Institutional Investors (NIIs): 15.03%
• Retail Individual Investors (RIIs): 35.02%

Key IPO Dates

• IPO Opens: July 30, 2026
• IPO Closes:August 03, 2026 (Today)
• Expected Allotment: August 4, 2026
• Refunds/Unblocking: August 5, 2026
• Shares Credited To Demat Accounts: August 5, 2026
• Tentative Listing: August 6, 2026 on the BSE SME platform

About Dhaval Packaging Ltd.

Incorporated in 2015, Dhaval Packaging manufactures plastic packaging products for the food, FMCG and industrial sectors. Its product portfolio includes in-mould labelling (IML) food containers, plastic caps, and specialised packaging solutions used across industries such as dairy, bakery, confectionery, pharmaceuticals, edible oils, construction and infrastructure.

The company operates a manufacturing facility in Gujarat equipped with automated production lines and in-house tooling capabilities, enabling customised packaging solutions for domestic as well as international customers.

Conclusion

The Dhaval Packaging IPO has witnessed a sharp rise in investor demand on the final day of bidding, driven primarily by strong NII participation and healthy retail interest. With the issue already subscribed multiple times before market close, investors will now await the final subscription figures after bidding ends today, followed by the allotment process later this week.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/dhaval-packaging-ipo-anchor-allocation-report.pdf