The IPO of Diksha Polymers opened for subscription on Wednesday, June 17, and demonstrated strong early investor interest. According to Mint, the issue crossed the halfway mark in terms of bidding, garnering 0.54 times bids as of 1.08 pm on the first day. Both the non-institutional and retail investor portions were booked over 50%, indicating positive market reception for the SME offering. The subscription window remains open until Friday, June 19, with the allotment expected to be finalised on Monday, June 22, and listing scheduled for BSE SME platform on June 24.
The BSE SME-bound issue is structured as a fixed price issue of ₹112 per share with a face value of ₹10 each. As reported by Mint, the issue comprises entirely a fresh issue of 0.16 crore shares amounting to ₹17.90 crore. Retail investors can apply for a minimum of two lots comprising 2,400 shares, requiring an investment of ₹2.69 lakh. High-net-worth investors will have to bid for at least three lots or 3,600 shares, translating into an investment of ₹4.03 lakh. The grey market premium currently stands at 0%, indicating shares are trading at par with the issue price in the unofficial market.
Incorporated in the packaging segment, Diksha Polymers manufactures PET bottles, PET containers and preforms used across industries such as food and beverages, lubricants, pharmaceuticals, consumer goods and agrochemicals. According to Mint, the company's manufacturing facilities are located in Gwalior, Madhya Pradesh, spanning 26,879 square feet and are equipped with the required plants and machinery. The strategic location provides easy access to raw materials and end users, helping overcome significant entry barriers compared to competitors. As of March 2026, the company employed 17 permanent staff members.
On the financial front, Diksha Polymers reported strong growth trajectory. As reported by Mint, the company reported revenue of ₹43 crore for FY25 compared with ₹20 crore in FY24, representing significant year-on-year growth. Profit after tax jumped to ₹2.6 crore from ₹1.01 crore in the same period. The company's integrated manufacturing setup, diversified product portfolio and strategic plant locations are among its key strengths that drive this robust financial performance.
The IPO proceeds will largely be used to reduce debt and support corporate operations. According to Mint, around ₹13.75 crore will be utilised for repayment or prepayment of certain outstanding borrowings, while ₹2.25 crore will be used for general corporate purposes. Aryaman Financial Services serves as the book-running lead manager, while Cameo Corporate Services acts as the registrar, and Shreni Shares will act as the market maker. The company's integrated manufacturing setup, diversified product portfolio and strategic plant locations are among its key strengths that drive this robust financial performance.
