Diksha Polymers IPO opened for bidding on 17 June. The fixed price is ₹112 per share, with a minimum bid of 2 lots for retail investors. The company aims to raise funds for debt repayment and corporate needs.
Diksha Polymers IPO: The initial public offering (IPO) of Diksha Polymers, engaged in the manufacturing of PET bottles, containers and performs, has opened for bidding on Wednesday, 17 June.
The issue had already crossed the halfway mark in terms of bidding, garnering 0.54 times bids as of 1.08 pm on the first day of subscription. Both the non-institutional and retail investor portions were booked over 50%.
Investors can apply for the SME IPO till Friday, 19 June.
1. Diksha Polymers IPO price band
The offer is a fixed price issue of ₹112 per share of the face value of ₹10 each.
2. Diksha Polymers IPO structure
The issue is entirely a fresh issue of 0.16 crore shares amounting to ₹17.90 crore.
3. Diksha Polymers IPO objective
The company plans to use the funds raised for repayment of certain borrowings availed by the company and general corporate purposes.
4. Diksha Polymers IPO lot size
Investors can apply for Diksha Polymers IPO in lots of 1200 shares. Retail investors need to apply for at least two lots of the offer, resulting in a total payout of ₹268,000.
5. Diksha Polymers IPO allotment and listing dates
Following the closure of the SME IPO on Friday, the allotment will be finalised on Monday, 22 June with the listing set to take place on BSE SME on 24 June.
6. Diksha Polymers IPO GMP
The grey market premium for Diksha Polymers IPO is nil, meaning that shares are trading at par with the offer price. The listing for Diksha Polymers IPO could occur at neither a premium nor a discount.
7. About Diksha Polymers
Diksha Polymers is engaged in the business of manufacturing PET Bottles/Containers and PET Preforms. PET Containers are majorly used for storage of beverages, oils, any other ancillary products. PET Preforms are used as a raw material to manufacture PET Containers.
8. Financial snapshot
The company reported a revenue of ₹43 crore for FY25 compared with ₹20 crore in FY24. Meanwhile, PAT jumped to ₹2.6 crore from ₹1.01 crore in the same period.
9. Manufacturing facility
Its manufacturing facilities are located in Gwalior, Madhya Pradesh, spanning 26,879 sq. ft on a total basis and are equipped with the required plants & machinery. The presence in these locations allows us to have easy access to raw materials and end users both, which helps us overcome significant entry barriers in comparison with our competitors, the company said.
10. Diksha Polymers IPO BRLMs
Aryaman Financial Services is the book-running lead manager and Cameo Corporate Services is the registrar of the issue.
