Diksha Polymers IPO- Company Analysis
Diksha Polymers IPO under the SME IPO category is a fixed price issue of Rs. 17.90 Cr by Diksha Polymers Limited and manufactures PET preforms, caps, and bottles/containers. PET preforms are used as a raw material for PET containers, which are mostly used for storing drinks, oils, and other related products. Numerous industries, including lubricants, food and drink, consumer products, medicines, agrochemicals, etc., employ PET containers.
Diksha Polymers IPO Details
The Diksha Polymers IPO date of opening is 17 Jun 2026, its initial public offering will end on 19 Jun, IPO allotment on Jun 22 and refund initiation on Jun 23, 2026.
The Rs. 17.90 crore new SME IPO comprises a wholly fresh issue of 0.16 crore shares.
The Diksha Polymers IPO listing date (expected) might be Wednesday, Jun 24, 2026, and listing at the BSE and SME.
The Diksha Polymers IPO price band is Rs. 112.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 17, 2026 |
|
IPO Closing Date |
Jun 19, 2026 |
|
IPO Allotment Date |
Jun 22, 2026 |
|
Refund Initiation |
Jun 23, 2026 |
|
IPO Listing Date |
Jun 24, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
28.20 |
25.86 |
6.81 |
|
Total Income |
51.27 |
42.73 |
19.72 |
|
Profit After Tax |
4.12 |
2.63 |
1.01 |
|
EBITDA |
7.32 |
4.71 |
1.80 |
|
Net Worth |
8.52 |
4.40 |
1.77 |
|
Reserves and Surplus |
4.92 |
4.00 |
1.37 |
|
Total Borrowing |
15.10 |
12.91 |
4.47 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(377.20) |
68.09 |
8.50 |
|
Net Cash Flow Investing Activities |
(287.66) |
(196.06) |
(6.06) |
|
Net Cash Flow Financing Activities |
113.88 |
775.72 |
0.10 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Repayment/ prepayment, in full or in part, of certain outstanding borrowings. ~ Rs. 13.75 Cr.
-
General Corporate Purposes. ~ Rs. 2.25 Cr.
Listed Peers of Diksha Polymers Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
TPL Plastech Limited |
2.00 |
3.73 |
17.36 |
|
Mitsu Chem Plast Ltd |
10.00 |
11.50 |
13.27 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
RoE |
48.32% |
|
ROCE |
28.09% |
|
Debt/Equity |
1.77 |
|
RoNW |
48.32% |
|
PAT Margin |
8.03% |
|
EBITDA Margin |
14.27% |
|
Price to Book Value |
4.73 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 11.44 from the last year, the resulting P/E ratio is 9.79x.
Explore the Hexagon Nutrition IPO.
IPO's Strengths
-
Product Portfolio of PET Bottles, PET Preforms, and Caps
-
Integrated and well-established manufacturing setup
-
Strategically located manufacturing facilities
-
Healthy Financial Performance.
IPO's Weaknesses
-
Dependency on technology and processes.
-
Revenue dependency on PET plastic bottles.
-
Geographical concentration-related risk.
Diksha Polymers IPO GMP (Grey Market Premium)
Diksha Polymers IPO GMP today has not started yet, as of 12 June 2026, while writing this information.
Diksha Polymers IPO Summary
|
IPO Opening & Closing Date |
17 Jun, 2026 to 19 Jun, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 112 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
15,98,400 Shares (Rs. 18 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
15,16,800 Shares (Rs. 17 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
Cameo Corporate Services Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,68,800, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 4,03,200.
| Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Diksha Polymers IPO Allotment Status
To check the Diksha Polymers IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Diksha Polymers Ltd.
-
Vivek Mandelia
-
Vipin Mandelia
-
Hemlata Mandelia
-
Anjana Mandelia
-
Riddhi Mandelia
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
69.25% |
IPO Lead Managers
Aryaman Financial Services Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
Diksha Polymers IPO shows strong revenue and profit growth, attractive peer-level valuation, and healthy return ratios. However, negative operating cash flow, high debt, product concentration, and geographic dependency remain key risks. Investors should review the RHP, latest GMP, subscription demand, and their risk appetite before applying.
Other Related Blogs:- Aureate Tradde IPO, Hexagon Nutrition IPO
