Diksha Polymers IPO open date is June 17, 2026 and the IPO will close on June 19, 2026. Diksha Polymers IPO is a Fixed Price Issue. The company to raise around ₹17.90 crores via IPO that comprises fresh issue of ₹17.90 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Diksha Polymers IPO price band is ₹112 per share. The retail quota is 50%, QIB is 0%, and HNI is 50%. Diksha Polymers IPO to list on BSE on June 24, 2026. The allotment of Diksha Polymers IPO date is June 22, 2026.
The company reported revenue of ₹51.27 crores in 2026 against ₹42.73 crores in 2025. The company reported profit of ₹4.12 crores in 2026 against profit of ₹2.63 crores in 2025. As per the financials the IPO investors should apply the IPO for a long term.
Diksha Polymers Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 268800 | 316 |
| HNI | 3 | 3600 | 403200 | 211 |
Diksha Polymers Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 1598400 | 100% |
| HNI | 758400 | 47.45% |
| INDIVIDUAL | 758400 | 47.45% |
| Market Maker | 81600 | 5.11% |
Diksha Polymers About
IPO Details
| Total Issue Size | 15,98,400 shares (aggregating up to ₹17.90 Cr) |
| Fresh Issue | 15,98,400 shares (aggregating up to ₹17.90 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,98,200 shares |
| Share Holding Post Issue | 51,96,600 shares |
| Reserved for Market Maker | 81,600 shares (aggregating up to ₹0.913 Cr) |
| Market Maker | Shreni Shares Limited |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE | 48.32% | 59.75% | 57.06% |
| ROCE | 28.09% | 23.52% | 26.54% |
| EPS (BASIC) | 11.44 | 7.31 | 2.81 |
| P/E Pre IPO | 9.79 | ||
| P/E Post IPO | 14.14 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| 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 | 15.09 | 12.91 | 4.47 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Diksha Polymers Limited | 9.79 | 112.00 | 10.00 |
| TPL Plastech Limited | 17.36 | 64.74 | 2.00 |
| Mitsu Chem Plast Ltd | 13.27 | 152.65 | 10.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Diksha Polymers Limited | 23.68 | 48.32 | 11.44 |
| TPL Plastech Limited | 21.65 | 17.21 | 3.73 |
| Mitsu Chem Plast Ltd | 82.79 | 13.89 | 11.50 |
About Company
Diksha Polymers Limited is a manufacturer of plastic packaging products with a legacy spanning over two decades. The company was originally incorporated on March 3, 1998, as Vijay Pet Plast India Private Limited in Madhya Pradesh. Subsequently, it was renamed Diksha Polymers Private Limited in February 2000 and later converted into a public limited company as Diksha Polymers Limited in June 2024.
The company is engaged in the manufacturing of polyethylene terephthalate (PET) bottles/containers, PET preforms, and caps. PET containers are widely used for storing beverages, edible oils, lubricants, pharmaceuticals, agrochemicals, consumer products, and other related applications. PET preforms serve as the primary raw material for manufacturing PET bottles and containers. The company caters to a diverse range of industries, including food & beverages, lubricants, pharmaceuticals, agrochemicals, and consumer goods.
Plastics& Polymers The company further strengthened its manufacturing capabilities through the acquisition of the running business of M/s. Diksha Packaging, a proprietorship concern of Mrs. Anjana Mandelia, pursuant to a Business Transfer Agreement executed in September 2024.
The foundation of Diksha Polymers was laid by brothers Vivek Mandelia and Vipin Mandelia, whose entrepreneurial vision was inspired by the values of hard work, perseverance, and determination inherited from their family. Over the years, their commitment to quality, innovation, and customer satisfaction has helped transform the company into a recognized player in the plastic packaging industry.
Today, Diksha Polymers operates multiple manufacturing facilities and focuses on delivering reliable and high-quality packaging solutions while continuously enhancing operational efficiency and product innovation. The company remains committed to creating long-term value through sustainable growth, industry leadership, and community development.
Growth Strategy
- Expansion: Developing innovative packaging solutions for a wider range of industries and applications.
- Sustainability: Investing in eco-friendly technologies and responsible manufacturing practices.
- Community Development: Strengthening engagement with local communities and supporting social initiatives.
- Market Leadership: Expanding market presence and reinforcing its position in the plastic packaging industry across Madhya Pradesh and beyond.
Issue Details / Capital History
The company is coming out with its maiden IPO of 1598400 equity shares of Rs. 10 each at a fixed price of Rs. 112 per share to mobilize Rs. 17.90 cr. The minimum application to be made is for 2400 shares and in multiples of 1200 shares thereon, thereafter. The issue opens for subscription on June 17, 2026 and will close on June 19, 2026. The shares will be listed on BSE SME. The IPO constitute 30.76% of the post-IPO paid-up capital of the company. The company is spending Rs. 1.90 cr. for this IPO process and from the net proceeds of the issue, it will utilize Rs. 13.75 cr. for repayment/prepayment of certain borrowings, Rs. 2.25 cr. for general corporate purposes.
The IPO is solely lead managed by Aryaman Financial Services Ltd., and Cameo Corporate Services Ltd. is the registrar to the issue. Shreni Shares Ltd., is the market maker.
The company has issued entire initial equity capital at par value. It has also issued bonus shares in the ratio of 8 for 1 in June 2025.The average cost of acquisition of shares by the promoters is Rs. NA per share.
Post-IPO, company’s current paid-up equity capital of Rs. 3.60 cr. will stand enhanced to Rs. 5.20 cr. Based on the upper band of the IPO pricing, the company is looking for a market cap of Rs. 58.20 cr.
Strength
Integrated Manufacturing Operations: Operates integrated manufacturing facilities with in-house polyethylene terephthalate (PET) Preform and PET Bottle production, providing flexibility, better quality control, and improved operating margins.
Plastics& Polymers Strategic Manufacturing Location: Facilities located in Gwalior, Madhya Pradesh offer easy access to raw materials, customers, transportation networks, utilities, and workforce, supporting efficient operations and logistics.
Experienced Management Team: Led by promoters with over 20 years of experience in the plastic industry, providing strong industry knowledge and leadership for business growth.
Risk Factors
Geographical Concentration Risk: All manufacturing facilities are located in Gwalior, Madhya Pradesh. Any disruption such as power failures, natural disasters, accidents, or regional issues could impact operations and production.
Property Transfer Risk: Leasehold rights for certain manufacturing properties are yet to be transferred to the company's name. Any delay or failure in completing the transfer may affect operations.
Raw Material Price & Supply Risk: The business depends on polyethylene terephthalate (PET) and other polymer-based raw materials. Fluctuations in raw material prices or supply shortages could increase production costs and impact profitability.
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