Diksha Polymers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹112
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,34,400
Issue Size
₹17.9 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Diksha Polymers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
69.25%
Issue Type
Fixed Price - SME
ISIN
INE1OSI01014
About the Company
Our company manufactures PET Bottles/Containers and PET Preforms, primarily used for beverages and oils and sell in Business-to-Business Model operating through three dedicated manufacturing facilities units located in the Industrial Area, Gwalior.
Industry Overview
The India Plastic Bottles Market size is estimated at USD 1.31 billion in 2025, and is expected to reach USD 1.44 billion by 2030, at a CAGR of 1.9% during the forecast period (2025-2030). In terms of production volume, the market is expected to grow from 1.45 million tonnes in 2025 to 1.58 million tonnes by 2030, at a CAGR of 1.8% during the forecast period (2025-2030).
Company History
Our company was originally incorporated on March 03, 1998, under the name and style of "Vijay Pet Plast India Private Limited" under the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh bearing Registration number 012664. Subsequently, the name of our company was changed to "Diksha Polymers Private Limited" vide Special Resolution dated February 07, 2000 and a fresh certificate of incorporation was issued on February 16, 2000 by the Registrar of Companies, Madhya Pradesh. Thereafter, the status of the Company was changed to Public Limited and the name of our Company was changed to "Diksha Polymers Limited" vide Special Resolution dated March 06, 2024 and a fresh certificate of incorporation consequent to conversion was issued on June 18, 2024 by Central Registration Centre, Haryana. The Corporate Identification Number of our Company is U25202MP1998PLC012664. Pursuant to a Business Transfer Agreement dated September 18, 2024, our Company has taken over the going concern business of Diksha Packaging, a sole proprietorship of Mrs. Anjana Mandelia.
Products & Services
- The company manufactures PET Bottles/Containers and PET Preforms, primarily used for beverages and oils and sell in Business-to-Business Model.
Growth Strategy
- Augment capital base for adequate working capital.
- Strengthen our customer base by growing existing customer business and acquiring new customers.
- Reduce Debt Levels and improve Debt to Equity Ratio.
- Expand our reach in PAN India.
- Build a Professional organisation and continue to recruit, retain and train qualified personnel.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 15,98,400 equity shares of Rs. 10 each ("Equity Shares") of Diksha Polymers Limited ("DPL" or the "Company") for cash at a price of Rs. 112 per share (the "Issue Price"), aggregating to Rs. 17.90 Crores ("the Issue"), of which 81,600 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. Issue of 15,16,800 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 30.76% and 29.19% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 and the issue price is 11.2 times of the face value. Fixed price issue at Rs. 112/- per equity share minimum application size of 1200 equity shares and in multiples of 1200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Integrated and well-established manufacturing setup.
- Strategic location of our manufacturing facilities.
- Experienced Promoters and Management Team.
- Healthy Financial Performance.
- Product Portfolio.
- The company derives a significant portion of its revenue from the sale of PET plastic bottles and PET Preforms and any reduction in demand or in the manufacturing of such products could has an adverse effect on the company business, results of operations and financial condition.
- The company is dependent on a few suppliers for supply of raw materials and any major disruption to the timely and adequate supplies of its raw materials could adversely affect the company business, results of operations and financial condition.
- The company is significantly dependent on few customers for its revenue in a particular financial year. The loss of any one or more of such customers may has a material effect on the company business operations and profitability.
- Trade Receivables, Inventories and other current assets form a substantial part of the company Total Assets. Failures to manage its trade receivables and inventories could has an adverse effect on the company net sales, profitability, cash flow and liquidity.
- The company business is dependent on operating of its manufacturing facilities, which is concentrated in a single region i.e. Gwalior, Madhya Pradesh, hence the company faces geographical concentration related risks. Further, the loss or shutdown of the company facilities could has a material adverse effect on its business, financial condition and results of operations.