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 obtained in-principle approval from BSE Limited to checklist its fairness shares on the BSE SME Platform. The in-principle approval is the primary of a number of regulatory steps; the proposed challenge stays topic to last itemizing and buying and selling approvals, and market situations.
The challenge is being lead-managed by RarEver Financial Advisors Private Limited, a SEBI-registered Category I Merchant Banker.
Proposed Issue
– Proposed challenge 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 sooner or later, topic to SEBI observations and market situations
About the Business
Incorporated in 2015 and primarily based 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 client and industrial purposes.
The Company’s operations embody:
– Advanced injection moulding and IML know-how 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 injury, contamination, corrosion, and dirt throughout storage, transportation, and dealing with
– Use of sturdy supplies resembling polyethylene (PE), polypropylene (PP), and HDPE for industrial finish cap options
– A diversified consumer base throughout FMCG, meals & dairy, oil & gasoline, infrastructure, and associated industrial sectors
– A deal with quality-driven, food-grade packaging options with built-in design, labeling, and tooling capabilities
The Company is organising a brand new manufacturing facility at Sanand-II Industrial Estate. Further particulars of the proposed challenge 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 mentioned: ‘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 challenge 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 elements. The Company operates from Sanand, Ahmedabad, and is targeted 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 primarily based 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 proposal, 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 kind the idea of or be relied upon in reference to any contract or dedication in any respect.
Certain statements on this doc are forward-looking statements. Such statements are topic to dangers and uncertainties together with financial situations, regulatory modifications, and market dynamics, and precise outcomes could differ materially. Investors mustn’t depend on these statements and are suggested to confer with the Draft Red Herring Prospectus and Red Herring Prospectus (when filed), together with the part on ‘Risk Factors’, earlier than making any funding resolution.
This doc isn’t for launch, publication or distribution, immediately or not directly, in or into the United States, Canada, Australia, Japan or another jurisdiction through which such launch, publication or distribution could be illegal.
Investments in securities are topic to market dangers. Read all associated paperwork rigorously 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 approach for the content material of the identical.)