Dhaval Packaging IPO Day 1: Issue Booked 26% So Far

Dhaval Packaging, a company that makes plastic packaging, decided to sell shares to the public.

On the first day of the sale, only a little more than a quarter of the shares were bought.

The price people were willing to pay was a bit higher than the company’s set price, so the shares might trade at a higher price when they start on the stock market.

Big investors like Carnelian and Saint Capital bought a lot of shares.

The money raised will help Dhaval build a new factory and pay off some loans.