Diksha Polymers IPO
Fixed Price IPO | ₹18.00 Cr | Listing at BSE SME
Closed
IPO Open
Wed, Jun 17, 2026
IPO Close
Fri, Jun 19, 2026
Price Band
₹112.00 to ₹112.00
Market Cap (Pre-IPO)
₹58.20 Cr
IPO Details
| IPO Date | Jun 17, 2026 to Jun 19, 2026 |
| Listing Date | Tentative: Jun 24, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹112.00 to ₹112.00 |
| Lot Size | 1200 Shares (Minimum: ₹134,400.00) |
| Sale Type | Fresh Issue |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Issue Size | ₹18.00 Crores |
| Total Shares Offered | 1,598,400 shares |
| Fresh Issue | 1,516,800 shares |
| Offer For Sale | 1,598,400 shares |
Diksha Polymers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 7,58,400 |
| NII Shares Offered | 7,58,400 |
Diksha Polymers IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹268,800 |
| Retail (Max) | 2 | 2,400 | ₹268,800 |
| S-HNI (Min) | 3 | 3,600 | ₹403,200 |
Diksha Polymers Financial Information (Restated Consolidated)
Diksha Polymers Ltd.'s revenue increased by 20% and profit after tax (PAT) rose by 56% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 48.32% |
| ROCE (Return on Capital Employed) | 28.09% |
| Debt/Equity | 1.77 |
| RoNW (Return on Net Worth) | 48.32% |
| PAT Margin (Profit After Tax Margin) | 8.03% |
| EBITDA Margin | 14.27% |
| Price to Book Value | 4.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.44 | 7.92 |
| P/E (x) | 9.79 | 14.14 |
| Promoter Holding | 100.00% | 69.25% |
Company Promoters
- Vivek Mandelia
- Vipin Mandelia
- Hemlata Mandelia
- Anjana Mandelia and Riddhi Mandelia.
Company Overview
Diksha Polymers – Company Overview
- Diksha Polymers is engaged in the manufacturing of PET bottles, PET containers, PET preforms, and caps used across various packaging applications.
Core Segments
- PET Bottles & Containers
- PET Preforms
- Caps & Closures
- The company's PET containers are widely used for packaging beverages, edible oils, lubricants, pharmaceuticals, agrochemicals, consumer goods, and food products.
- PET preforms manufactured by the company serve as the primary raw material for producing PET bottles and containers of different sizes and specifications.
Manufacturing Facilities
- As of March 31, 2026, the company operated three manufacturing facilities spread across 26,879 sq. ft.
- The facilities have an aggregate installed capacity of:
- 2,163 MTPA for PET Bottles & Containers
- 1,913 MTPA for PET Preforms
- The company follows a B2B business model, supplying packaging solutions to customers across multiple industries requiring lightweight, durable, and recyclable packaging products.
- As of March 31, 2026, the company had 17 permanent employees.
Company Strengths
- Product Portfolio of PET Bottles, PET Preforms, and Caps
- Integrated and well-established manufacturing setup
- Strategically located manufacturing facilities
- Healthy Financial Performance
- Experienced Promoters and Management Team
Use of Proceeds
| 1) | Repayment/ prepayment, in full or in part, of certain outstanding borrowings | 13.75 |
| 2) | General Corporate Purposes | 2.25 |
| Total | 16.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Diksha Polymers IPO Peer Comparison
Diksha Polymers peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Diksha Polymers Ltd. | 11.44 | - | 23.68 | 9.79 | 48.32 | 4.86 | - |
| TPL Plastech Limited | 3.73 | - | 21.65 | 17.36 | 17.21 | 3.05 | - |
| Mitsu Chem Plast Ltd | 11.50 | - | 82.79 | 13.27 | 13.89 | 1.85 | - |
Quick Info
| Sector | Plastics and Polymer |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹58.20 Cr |
Important Dates
| IPO Open | Jun 17, 2026 |
| IPO Close | Jun 19, 2026 |
| Allotment Date | Jun 23, 2026 |
| Credit to Demat | Jun 22, 2026 |
| Listing Date | Tentative: Jun 24, 2026 |
Lead Manager(s)
Aryaman Financial Services Ltd.
Registrar
Description
- IPO Type: Fixed price issue aggregating to ₹17.90 crores.
- Issue Structure: Entirely a fresh issue of 0.16 crore shares totaling ₹17.90 crores.
- IPO Dates: The issue opens on June 17, 2026 and closes on June 19, 2026.
- Allotment Date: Expected to be finalized on June 22, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of BSE Limited (BSE SME) with a tentative listing date of June 24, 2026.
- Retail Investment Requirement: Minimum 2 lots (2,400 shares) amounting to approximately ₹2,68,800.
- HNI Investment Requirement: Minimum 3 lots (3,600 shares) totaling around ₹4,03,200.
- Issue Price: ₹112 per equity share.
- Lot Size: 1,200 shares per lot.