Diksha Polymers IPO – Company Analysis
Diksha Polymers IPO is an SME IPO with a fixed price issue of Rs. 17.90 crore. The IPO is being launched by Diksha Polymers Limited, a company engaged in the manufacturing of PET preforms, caps, and bottles/containers.
Diksha Polymers IPO Details
The Diksha Polymers IPO will open for subscription on 17 June 2026 and close on 19 June 2026. The IPO allotment is expected to be finalized on 22 June 2026, while refunds and share credits are likely to be processed on 23 June 2026.
The public issue consists entirely of a fresh issue of approximately 0.16 crore equity shares, aggregating to Rs. 17.90 crore.
Diksha Polymers IPO Listing Date
The shares of Diksha Polymers are expected to be listed on the BSE SME platform on 24 June 2026, subject to regulatory approvals and successful completion of the IPO process.
Diksha Polymers IPO Price Band
The Diksha Polymers IPO is being offered at a fixed price of Rs. 112 per equity share.
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 |
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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.
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 13 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.
Disclaimer : This article is for educational purposes only and should not be considered investment advice. Investors should conduct their own research and consult a SEBI-registered financial advisor before making investment decisions.
