The minimum application is 1,200 shares, ₹1,16,400 at the ₹97 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
Dhaval Packaging DRHP & RHP offer documents
The draft red herring prospectus is filed with SEBI before the issue; the red herring prospectus adds the price band and dates just before bidding opens. Both describe the business, the restated financials, the risk factors and how the proceeds will be used.
Lead managersRAREVER FINANCIAL ADVISORS PRIVATE LIMITED
RegistrarKFin TechnologiesLimited
Issue structure₹36.36 Cr fresh
Dhaval Packaging IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (5)
The company has an in-house manufacturing process for IML containers with automation, which shortens cycle times and improves quality control.
Backward integration through Octa Labels provides direct control over the critical path, enabling faster artwork-to-production lead times and better quality control.
The company operates with a dual-segment portfolio, serving both food-grade IML and industrial End Caps markets, which improves plant utilization and delivery reliability.
The company has experienced promoters with extensive experience in the packaging industry, contributing to its growth and development.
The company has a strong focus on customer-centric service, aligning design, materials, and labeling with production realities to enhance shelf presence and product integrity.
▼ Risk factors (7)
A majority of the company's revenue is derived from its top 10 customers, and the loss of any of these customers could adversely impact its business and results of operations.
The company depends on a limited number of suppliers for its raw material requirements and does not have definitive agreements or fixed terms of trade with most of them.
Any disruptions to the supply or increases in the pricing of raw materials and finished products could adversely affect the company's operations, financial condition, and profitability.
The company's revenues are significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact its business, financial condition, and results of operations.
The company's manufacturing facilities are located only in the state of Gujarat, exposing it to regional risks that could adversely affect its operations.
The company's business operations are highly dependent on the efficient functioning of its manufacturing machinery, and any breakdown, malfunction, or technical failure may adversely affect its production and profitability.
The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment/machineries, and any delay or failure in procurement could lead to cost overruns and delays in implementation.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Dhaval Packaging, the registrar is KFin TechnologiesLimited — allotment is finalised in the days between the issue closing on 03 Aug 2026 and listing on 06 Aug 2026.
By KFin TechnologiesLimited; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 05 Aug, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 06 Aug, 2026
NSE SME · trading from 10:00 am IST
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.
Dhaval Packaging DRHP & RHP FAQs
Where can I read the Dhaval Packaging DRHP or RHP?
The offer document for the Dhaval Packaging IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.
What is a DRHP?
The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.
What are the strengths disclosed in the Dhaval Packaging DRHP?
The company has an in-house manufacturing process for IML containers with automation, which shortens cycle times and improves quality control. Backward integration through Octa Labels provides direct control over the critical path, enabling faster artwork-to-production lead times and better quality control. The company operates with a dual-segment portfolio, serving both food-grade IML and industrial End Caps markets, which improves plant utilization and delivery reliability. The page lists all 5 as disclosed.
What are the key risks disclosed in the Dhaval Packaging DRHP?
A majority of the company's revenue is derived from its top 10 customers, and the loss of any of these customers could adversely impact its business and results of operations. The company depends on a limited number of suppliers for its raw material requirements and does not have definitive agreements or fixed terms of trade with most of them. Any disruptions to the supply or increases in the pricing of raw materials and finished products could adversely affect the company's operations, financial condition, and profitability. The page lists all 7 disclosed risk factors.
Dhaval Packaging IPO Registrar where allotment and refund queries go
RegistrarKFin TechnologiesLimited
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Dhaval Packaging IPO ASBA and UPI, as SEBI sets them
Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (03 Aug 2026).
One application per PAN. A second application under the same PAN is rejected, and both may be.
After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, KFin TechnologiesLimited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹12 on a ₹97 upper band means the grey market is dealing at ₹109.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.