SME

IPO ·

BSE SME

Diksha Polymers Ltd

Listed

Diksha Polymers is engaged in the manufacturing of PET bottles/containers, PET preforms, and caps.

Issue details

Price band

₹112

Face value

₹10

Lot size

1,200 shares

Minimum investment

₹2,68,800

Issue size

₹17.90 Cr

Fresh issue

₹16.99 Cr

Offer for sale

—

Issue type

Fixed Price

Exchange

BSE SME

Key dates

Opens

17 Jun 2026

Closes

19 Jun 2026

UPI mandate cut-off

5:00 PM on 19 Jun 2026

Allotment

22 Jun 2026

Refunds

23 Jun 2026

Shares in demat

23 Jun 2026

Listing

24 Jun 2026

Subscription and listing

Subscription

2.88x

Listing price

₹114.50

Registrar

Cameo Corporate Services Ltd

Lead manager

Aryaman Financial Services

Subscription by category

Total

2.88x

Total applications

1,513

Listing day

Issue price

₹112

Open

₹114.50

High

₹120.20

Low

₹114.50

Day close

₹120.20

Listing gain at open

+2.23%

Issue structure

Shares reserved per category and share of the total issue

NII Shares Offered

7,58,400

47.45%

Retail Shares Offered

7,58,400

47.45%

Market Maker Shares Offered

81,600

5.11%

Total Shares Offered

15,98,400

100.00%

Finaccle’s quick read

Neutral

FY26 income up 20%, PAT up 57%, ROE 48.32%, D/E 1.77, post-issue P/E 14.14x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Diksha Polymers is engaged in the manufacturing of PET bottles/containers, PET preforms, and caps. PET containers are primarily used for storing beverages, oils, and other related products, while PET preforms used as a raw material for PET containers. PET Containers are used is wide range of industries i.e., lubricants, food and beverages, consumer goods, pharmaceuticals, agrochemicals, etc. Manufacturing facility: As on March 31, 2026, it has three manufacturing facilities across a total area of 26,879 sq. ft. Aggregate installed capacity of2,163 MTPA for PET bottles and 1,913 MTPA for PET Preforms.

Promoters

Vivek Mandelia, Vipin Mandelia, Hemlata Mandelia,

Vivek Mandelia, Vipin Mandelia, Hemlata Mandelia,

Promoter holding

100% pre-issue; 69.25% post-issue

100% pre-issue; 69.25% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

51.27

51.27

7.32

4.12

4.12

8.52

15.10

15.10

28.20

FY25

FY25

42.73

42.73

4.71

2.63

2.63

4.40

12.91

12.91

25.86

FY24

FY24

19.72

19.72

1.80

1.01

1.01

1.77

4.47

4.47

6.81

ROE

48.32%

ROCE

28.09%

Debt / equity

1.77

PAT margin

8.03%

P/E post issue

14.14

Market cap

₹58.20 Cr

Use of IPO money

Repayment/ prepayment, in full or in part, of certain outstanding borrowings

₹13.75 Cr

General Corporate Purposes

₹2.25 Cr

Issue Expenses

₹1.90 Cr

Strengths

✓

Revenue up 20% in FY26 to ₹51.27 Cr

✓

PAT up 57% in FY26 to ₹4.12 Cr

✓

ROE of 48.32% and ROCE of 28.09%

Risks to watch

!

High leverage: debt to equity 1.77

!

SME platform: large lot size and thinner trading liquidity

!

Modest PAT margin of 8.03%

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.