Dhaval Packaging IPO Day 2 Live: Subscribed 1.44x so far - Check analysts view and more
Dhaval Packaging IPO is subscribed 1.44x on Day 2. QIBs: 1.05x, Retail: 1.65x, NII(bHNI): 1.92x. Price band ₹92-₹97. Min bid qty 2400. Issue size ₹220800-₹500000.
*this image is generated using AI for illustrative purposes only.
Dhaval Packaging’s initial public offering is currently open for subscription and has garnered a total subscription of 1.44 times as of Day 2. The issue is priced in the band of ₹92 to ₹97 per share. While Qualified Institutional Buyers (QIB) have subscribed 1.05 times, Retail investors have driven significant interest with a 1.65 times subscription.
Subscription Status
The IPO saw varied participation across categories on Day 2. Non-Institutional Buyers (bHNI) recorded a 1.92 times subscription, whereas Non-Institutional Buyers (sHNI) stood at 1.32 times. Employees' category remained relatively low at 0.22 times.
| Category | Subscription Multiple |
|---|---|
| Qualified Institutional Buyers (QIB) | 1.05 x |
| Non-Institutional Buyers (bHNI) | 1.92 x |
| Non-Institutional Buyers (sHNI) | 1.32 x |
| Retail | 1.65 x |
| Employees | 0.22 x |
| Total Subscribed | 1.44 x |
About the Company
Dhaval Packaging is engaged in the packaging sector. The company is raising capital through this IPO to fund its business operations and growth initiatives. The issue size ranges from ₹220800 to ₹500000.
Key Dates
Investors looking to participate in the Dhaval Packaging IPO should note the following details:
- Floor Price: ₹92.00000
- Ceiling Price: ₹97.00000
- Min Bid Qty: 2400
- Min IPO Size: 220800
- Max IPO Size: 500000
The subscription window remains open for further bidding until the close date.
Will the strong retail and bHNI interest on Day 2 be sufficient to drive the IPO to a significant oversubscription by the final day?
How might Dhaval Packaging's valuation compare to industry peers given the current price band of ₹92-₹97?
What specific growth initiatives or capacity expansions is the company planning to fund with the proceeds from this IPO?
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