Diksha Polymers IPO opens today. Check GMP, subscription, and other details
The allotment is expected to be finalised on June 22, while the shares are scheduled to list on the BSE SME platform on June 24.
By Akash Podishetti, ETMarkets.com |
ETMarkets.com
The IPO of Diksha Polymers will open for subscription on Wednesday, June 17, and will close on June 19. The BSE SME-bound issue aims to raise Rs 17.9 crore through a fresh issue of 15.98 lakh equity shares. The company has fixed the issue price at Rs 112 per share. Market observers said the IPO is currently commanding a grey market premium (GMP) of 0%, indicating no premium over the issue price in the unofficial market ahead of listing.
The allotment is expected to be finalised on June 22, while the shares are scheduled to list on the BSE SME platform on June 24.
Retail investors can apply for a minimum of two lots comprising 2,400 shares, requiring an investment of Rs 2.69 lakh. High-net-worth investors will have to bid for at least three lots or 3,600 shares, translating into an investment of Rs 4.03 lakh.
Aryaman Financial Services is the book-running lead manager to the issue, while Cameo Corporate Services is the registrar. Shreni Shares will act as the market maker.
Incorporated in the packaging segment, Diksha Polymers manufactures PET bottles, PET preforms and caps used across industries such as food and beverages, lubricants, pharmaceuticals, consumer goods and agrochemicals.
The company operates three manufacturing facilities spread across 26,879 square feet and has an installed capacity of 2,163 metric tonnes per annum (MTPA) for PET bottles and 1,913 MTPA for PET preforms. As of March 2026, the company employed 17 permanent staff members.
According to the company, its integrated manufacturing setup, diversified product portfolio and strategic plant locations are among its key strengths.
The IPO proceeds will largely be used to reduce debt. Out of the estimated net proceeds, around Rs 13.75 crore will be utilised for repayment or prepayment of certain outstanding borrowings, while Rs 2.25 crore will be used for general corporate purposes.
On the financial front, Diksha Polymers reported strong growth in FY26. Total income rose 20% year-on-year to Rs 51 crore from Rs 43 crore in FY25. Profit after tax increased 56% to Rs 4.12 crore from Rs 2.63 crore a year earlier.
With no premium visible in the grey market, investor attention will now shift to subscription levels during the three-day bidding period and the company's ability to attract demand in a mixed SME market environment.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The allotment is expected to be finalised on June 22, while the shares are scheduled to list on the BSE SME platform on June 24.
Retail investors can apply for a minimum of two lots comprising 2,400 shares, requiring an investment of Rs 2.69 lakh. High-net-worth investors will have to bid for at least three lots or 3,600 shares, translating into an investment of Rs 4.03 lakh.
Aryaman Financial Services is the book-running lead manager to the issue, while Cameo Corporate Services is the registrar. Shreni Shares will act as the market maker.
Incorporated in the packaging segment, Diksha Polymers manufactures PET bottles, PET preforms and caps used across industries such as food and beverages, lubricants, pharmaceuticals, consumer goods and agrochemicals.
The company operates three manufacturing facilities spread across 26,879 square feet and has an installed capacity of 2,163 metric tonnes per annum (MTPA) for PET bottles and 1,913 MTPA for PET preforms. As of March 2026, the company employed 17 permanent staff members.
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According to the company, its integrated manufacturing setup, diversified product portfolio and strategic plant locations are among its key strengths.
The IPO proceeds will largely be used to reduce debt. Out of the estimated net proceeds, around Rs 13.75 crore will be utilised for repayment or prepayment of certain outstanding borrowings, while Rs 2.25 crore will be used for general corporate purposes.
On the financial front, Diksha Polymers reported strong growth in FY26. Total income rose 20% year-on-year to Rs 51 crore from Rs 43 crore in FY25. Profit after tax increased 56% to Rs 4.12 crore from Rs 2.63 crore a year earlier.
With no premium visible in the grey market, investor attention will now shift to subscription levels during the three-day bidding period and the company's ability to attract demand in a mixed SME market environment.
ADVERTISEMENT
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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