Diksha Polymers shares list at 2% premium to IPO price on BSE SME platform

Diksha Polymers debuted on the BSE SME platform at a slight premium, opening at Rs 114.50 against its IPO price of Rs 112. The Rs 17.9-crore public issue saw a modest subscription of 2.88 times. The company, a manufacturer of PET bottles and prefo...

ETMarkets.com
Shares of Diksha Polymers made their stock market debut on Wednesday, June 24, listing at a 2.23% premium to the IPO price. The stock opened at Rs 114.50 apiece on the BSE SME platform against the issue price of Rs 112 per share.

The Rs 17.9-crore IPO received a modest response from investors, with the issue being subscribed 2.88 times during the three-day bidding period. The retail portion was subscribed 3.14 times, while the non-institutional investor (NII) category was booked 2.63 times.

The fixed-price issue comprised an entirely fresh issue of 15.98 lakh equity shares, with the company proposing to utilise the proceeds primarily for repayment or prepayment of borrowings and general corporate purposes. Aryaman Financial Services was the book-running lead manager, while Cameo Corporate Services acted as the registrar.


About the company

Diksha Polymers manufactures PET bottles, PET containers, PET preforms and caps, which are used across industries including food and beverages, lubricants, pharmaceuticals, consumer goods and agrochemicals.


The company operates three manufacturing facilities with a combined installed capacity of 2,163 metric tonnes per annum (MTPA) for PET bottles and 1,913 MTPA for PET preforms. As of March 2026, it had 17 permanent employees.


Financial performance

The company reported healthy growth in FY26, with total income rising 20% year-on-year to Rs 51.27 crore, while profit after tax jumped 56% to Rs 4.12 crore.

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