Dhaval Packaging is finalising allotments for its initial public offering on Tuesday, August 4, following a three-day subscription period that drew significant interest from investors.
The SME IPO, which opened on July 30, has seen its grey market premium (GMP) rise to ₹8 per share ahead of the finalisation, according to data from Investorgain.
The issue, priced in the band of ₹92 to ₹97, secured a 26% subscription level on its first day of bidding.
The estimated listing price of ₹105 represents an 8.25% premium over the IPO price of ₹97.
This positive sentiment in the grey market suggests that investors are willing to pay a premium for exposure to the packaging firm, reflecting broader appetite for quality SME listings in the current market environment.
The issue, priced in the band of ₹92 to ₹97, secured a 26% subscription level on its first day of bidding.
The strong initial response indicates that the company’s fundamentals and growth prospects in the packaging sector have resonated with retail and institutional investors alike.