Dhaval Packaging IPO Closes Day 3 with 49.17x Subscription, Led by Strong NII and QIB Demand
5paisa Capital Ltd
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Last Updated: 3rd August 2026 - 04:35 pm
Dhaval Packaging Limited's initial public offering (IPO) was subscribed 49.17 times by 5:24 PM on Day 3, August 3, 2026. The public issue received bids for 12.44 crore shares against 25.30 lakh shares available for subscription. The Non-Institutional Investors (NIIs) category led the demand with a subscription of 75.11 times, followed by the Qualified Institutional Buyers (QIBs) at 56.38 times and Individual Investors at 38.74 times, while the Employee category was subscribed 0.78 times.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Dhaval Packaging IPO
| Date | QIB | NII | Individual Investors | EMP | Total |
|---|---|---|---|---|---|
| Day 1 (July 30) | 0.00 | 1.03 | 0.57 | 0.10 | 0.49 |
| Day 2 (July 31) | 1.05 | 1.43 | 1.70 | 0.22 | 1.40 |
| Day 3 (August 3) | 56.38 | 75.11 | 38.74 | 0.78 | 49.17 |
Here are the subscription details for Dhaval Packaging IPO Day 3, as of 5:24 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 10,30,800 | 10,30,800 | 9.999 |
| Market Maker | 1 | 1,88,400 | 1,88,400 | 1.827 |
| QIB | 56.38 | 6,87,600 | 3,87,66,000 | 376.030 |
| NII | 75.11 | 5,17,200 | 3,88,47,600 | 376.822 |
| Individual Investors | 38.74 | 12,04,800 | 4,66,72,800 | 452.726 |
| Employee | 0.78 | 1,20,000 | 93,600 | 0.908 |
| Total | 49.17 | 25,29,600 |
12,43,80,000 |
1,206.486 |
Key Highlights – Day 3
- Overall subscription stood at 49.17 times on Day 3 (August 3, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 56.38 times, bidding for 3.88 crore shares.
- Non-Institutional Investors (NIIs) subscribed 75.11 times, placing bids for 3.88 crore shares.
- Individual Investors subscribed 38.74 times, bidding for 4.67 crore shares.
- Employee category subscribed 0.78 times, receiving bids for 93,600 shares.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 10.31 lakh shares allotted.
- Overall, investors bid for 12.44 crore shares against 25.30 lakh shares available in the public issue.
Key Highlights – Day 2
- Overall subscription stood at 1.40 times on Day 2 (July 31, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 1.05 times.
- Non-Institutional Investors (NIIs) subscribed 1.43 times.
- Individual Investors subscribed 1.70 times.
- Employee category subscribed 0.22 times.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 10.31 lakh shares allotted.
- Overall, investors bid for 35.41 lakh shares against 25.30 lakh shares available in the public issue.
Key Highlights – Day 1
- Overall subscription stood at 0.49 times on Day 1 (July 30, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 0.00 times.
- Non-Institutional Investors (NIIs) subscribed 1.03 times.
- Individual Investors subscribed 0.57 times.
- Employee category subscribed 0.10 times.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 10.31 lakh shares allotted.
- Overall, the IPO was subscribed 0.49 times on the opening day.
About Dhaval Packaging Limited
Incorporated in November 2015, Dhaval Packaging Limited is engaged in the design, manufacturing, and supply of plastic packaging solutions for the food, FMCG, and industrial sectors. The company primarily manufactures In-Mold Labeling (IML) food containers and SAW Pipe Protection Plastic Caps (End Caps), serving both domestic and international customers. Its packaging solutions cater to industries including dairy, sweets, bakery, confectionery, frozen foods, pharmaceuticals, agro products, oil & gas, construction, infrastructure, and heavy engineering.
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