Dhaval Packaging’s initial public offering began trading on Thursday, July 30, securing a 26% subscription level on its first day of bidding.
The issue, which runs through Monday, August 3, is priced in the band of ₹92 to ₹97 per equity share, with a face value of ₹10.
The company successfully raised ₹9.99 crore from anchor investors prior to the public opening, signaling early institutional confidence in the SME-listed venture.
Established in 2015, Dhaval Packaging specializes in plastic packaging solutions, targeting a sector that continues to see steady demand from consumer goods and logistics providers.
The modest initial subscription suggests cautious retail interest, a common pattern for SME IPOs where liquidity concerns often temper early enthusiasm.
Unlike recent high-profile listings such as Advit Jewels, which saw subscription multiples exceed 200 times, Dhaval’s offering is tracking a more conservative trajectory.