VMPL
Ahmedabad (Gujarat) [India], April 25: Dhaval Packaging Limited (‘DPL’ or ‘the Company’), engaged within the manufacture of in-mould labelled (IML) plastic packaging and SAW (Submerged Arc Welded) pipe-protection finish caps, has acquired in-principle approval from BSE Limited to record its fairness shares on the BSE SME Platform. The in-principle approval is the primary of a number of regulatory steps; the proposed difficulty stays topic to closing itemizing and buying and selling approvals, and market situations.
The difficulty is being lead-managed by RarEver Financial Advisors Private Limited, a SEBI-registered Category I Merchant Banker.
Proposed Issue
– Proposed difficulty of as much as 37,48,800 fairness shares of face worth 10 every
– Listing proposed on the BSE SME Platform
– Price band to be introduced in the end, topic to SEBI observations and market situations
About the Business
Incorporated in 2015 and based mostly in Ahmedabad, Dhaval Packaging Limited manufactures in-mold labelled (IML) containers, lids, and industrial packaging merchandise, catering to FMCG, meals & dairy, and industrial sectors.
The Company operates throughout two key segments: IML-based food-grade packaging and SAW (Submerged Arc Welded) pipe safety plastic finish caps, enabling a diversified presence throughout each shopper and industrial purposes.
The Company’s operations embody:
– Advanced injection moulding and IML expertise for high-quality, tamper-evident, and shelf-ready packaging
– Manufacturing of SAW (Submerged Arc Welded) pipe safety plastic caps (finish caps), designed to safeguard pipe ends from harm, contamination, corrosion, and mud throughout storage, transportation, and dealing with
– Use of sturdy supplies reminiscent of polyethylene (PE), polypropylene (PP), and HDPE for industrial finish cap options
– A diversified shopper base throughout FMCG, meals & dairy, oil & fuel, infrastructure, and associated industrial sectors
– A give attention to quality-driven, food-grade packaging options with built-in design, labeling, and tooling capabilities
The Company is establishing a brand new manufacturing facility at Sanand-II Industrial Estate. Further particulars of the proposed difficulty and use of proceeds are set out within the Draft Red Herring Prospectus.
Lead Manager to the Issue
The IPO is being managed by RarEver Financial Advisors Private Limited, a SEBI-registered Category I Merchant Banker headquartered in Ahmedabad.
RarEver’s service providing covers:
– IPO and capital market transactions
– AIF Advisory
– Fundraising and strategic advisory
– Mergers & acquisitions and buybacks
Management Commentary
Commenting on the milestone, Mr. Manish Nanalal Dagla, Chairman & Managing Director of Dhaval Packaging Limited stated: ‘The in-principle approval from BSE is a vital procedural milestone in our proposed itemizing. We will proceed to work with our advisors and the regulators by the remaining steps of the method.’
A spokesperson from RarEver Financial Advisors Private Limited added: ‘We are happy to be performing because the Lead Manager to the proposed difficulty and can work with Dhaval Packaging Limited by the remaining regulatory steps.’
About Dhaval Packaging Limited
Dhaval Packaging Limited is engaged within the manufacturing of plastic packaging options, together with IML containers, lids, and industrial parts. The Company operates from Sanand, Ahmedabad, and is concentrated on increasing its manufacturing capability to satisfy rising demand.
About RarEver Financial Advisors Private Limited
RarEver Financial Advisors Private Limited is a SEBI-registered Category I Merchant Banker based mostly in Ahmedabad, offering providers throughout IPO administration, fundraising advisory, mergers & acquisitions, and capital market transactions.
Disclaimer
This doc is for data functions solely and doesn’t represent a suggestion, invitation, solicitation or commercial to buy or subscribe to any securities of Dhaval Packaging Limited (the ‘Company’) in India or in another jurisdiction, and no a part of it shall type the premise of or be relied upon in reference to any contract or dedication in any way.
Certain statements on this doc are forward-looking statements. Such statements are topic to dangers and uncertainties together with financial situations, regulatory adjustments, and market dynamics, and precise outcomes might differ materially. Investors mustn’t depend on these statements and are suggested to seek advice from the Draft Red Herring Prospectus and Red Herring Prospectus (when filed), together with the part on ‘Risk Factors’, earlier than making any funding choice.
This doc just isn’t for launch, publication or distribution, straight or not directly, in or into the United States, Canada, Australia, Japan or another jurisdiction during which such launch, publication or distribution can be illegal.
Investments in securities are topic to market dangers. Read all associated paperwork fastidiously earlier than investing.
Merchant Banker: RarEver Financial Advisors Private LimitedSEBI Registration No.: INM000013063
(ADVERTORIAL DISCLAIMER: The above press launch has been supplied by VMPL. ANI is not going to be accountable in any means for the content material of the identical.)