Diksha Polymers shares made a strong debut on the BSE SME platform today, June 24, 2026, listing at ₹114.50 per share with a premium of 2.23% to the issue price of ₹112.00. The SME stock touched a high of ₹120.20 apiece, rising 7.32% from listing price and 12.24% from its issue price. According to Business Standard, the stock is currently frozen at its upper limit of 5% over its listing price, with about 13.27 lakh shares changing hands at the counter. At 10:20 AM, shares were trading at ₹118.50 apiece on BSE, up by 3.49% from listing price and 5.80% from issue price.
Diksha Polymers Limited is engaged in manufacturing PET bottles, containers, and PET preforms catering to beverages, lubricants, pharmaceuticals, agrochemicals, and consumer products sectors. As reported by The Economic Times, 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. The facilities are located in the Industrial Area of Maharajpura, Gwalior, Madhya Pradesh, spanning a total area of about 26,879 square feet. Founded in 1998, the company serves industries such as beverages, edible oils, pharmaceuticals, lubricants, consumer products, and agrochemicals through its manufacturing facilities. As of March 31, 2026, the company had 17 permanent employees.
The company's financial performance shows significant growth with revenue from operations increasing from ₹11.14 crore in FY23 to ₹42.72 crore in FY25. According to The Economic Times, net profit rose from ₹0.05 crore to ₹2.63 crore during the same period. For the six months ended September 2025, Diksha Polymers reported revenue of ₹22.45 crore and profit after tax of ₹1.95 crore. The latest financial data shows revenue from operations of ₹51.27 crore and net profit of ₹4.12 crore for the period ended March 31, 2026. The IPO proceeds are primarily intended for repayment or prepayment of certain borrowings, with the blocked amount expected to be released automatically once shares are credited to investors' demat accounts.
The IPO comprises entirely a fresh issue of 15.98 lakh equity shares with no offer-for-sale component. As reported by Livemint, the IPO price band was fixed at ₹112 per share with an issue size of approximately ₹17.90 crore. The IPO opened for public subscription on June 17 and closed on June 19, with the IPO allotment date being June 22, 2026 and listing date on June 24, 2026. The IPO was subscribed 2.78 times during the three-day bidding period. The IPO lot size is fixed at 1,200 shares, requiring retail investors to bid for a minimum of two lots, translating into a minimum investment of ₹2.68 lakh. The promoter and promoter group shareholding diluted to 69.24% from 100% pre-offer. The issue price is ₹112 per share with the company's shares listed on BSE SME platform. Aryaman Financial Services is managing the issue as the book-running lead manager, while Cameo Corporate Services has been appointed as the registrar.
The ₹17.90 crore SME IPO received a modest response from investors, with the issue being subscribed 2.78 times during the three-day bidding period. According to Livemint, the retail portion showed stronger demand at 3.14 times subscription, while the non-institutional investor (NII) category was booked 2.63 times. The subscription pattern indicates retail investors showed higher confidence compared to institutional participants. The grey market premiums were unofficial and should not be considered a reliable indicator of listing-day performance, as noted by The Economic Times. The strong market response on listing day suggests investor confidence in the company's growth prospects and business model, with the stock hitting its upper circuit limit of 5%.
