Diksha Greens IPO

Diksha Greens IPODiksha Greens IPO Description – Diksha Greens started with the object of carrying business in trading of timber, wooden logs, sawn timber as well as manufacturing of veneer sheets. In the year 2006, the company obtained Importer-Exporter code (IEC) from Dy. Director General of Foreign Trade, Ministry of Commerce, Government of India and started importing the wooden logs and timber from countries such as Malaysia, Vietnam, and Burma in Asia, Nigeria, Ghana and Ivory Coast in Africa, Ecuador, Salvador, and Costa Rica in America, Solomon Island, Papua and Guinea etc.

In the year 2014, two group companies, Diksha Exim Private Limited and Wizard Vincom Private Limited merged with Diksha Timber Private Limited for better economies of scale as well as better compliance. In the year 2018, the company further expanded and diversified with the acquisition of a multi commodity cold storage located at Village & PO Dwarbasini, JL no: 89, PS Pandua, District Hooghly-712149, West Bengal, India having capacity of 5000 MT with two pre cooling chambers and reefer vans towards storage of seasonal produce.

Promoters of Diksha Greens – Mr Rajesh Pirogiwal, Mrs Sunita Pirogiwal, Ms Tanvi Pirogiwal and Rajesh Kumar Pirogiwal & Sons HUF
Diksha Greens IPO details
Subscription Dates 26 – 28 November 2018
IPO Price band INR30 per share
Fresh issue 4,440,000 shares (INR13.32 crore)
Offer for sale Nil
Total IPO size 4,440,000 shares (INR13.32 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirement – INR12.57 crore
  • Issue Expenses – INR0.75 crore
Diksha Greens’  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018 H1 FY2019
Total revenue 53.01 54.25 54.23 54.47 41.83 12.56
Total expenses 52.44 53.66 53.56 53.59 41.01 12.02
Profit after tax 0.39 0.40 0.46 0.64 0.55 0.41
Diksha Greens’ Contact Details

Diksha Greens Limited
11, Sambhu Chaterjee Street

Phone: +91 033 22198219
Email: [email protected]
Website: www.dikshagreens.co.in

Diksha Greens IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.27
Day 2 0.95
Day 3 1.01
Diksha Greens Valuation (For FY2018)

Earnings Per Share (EPS): INR1.01

Price/Earnings (P/E) ratio: 29.70

Return on Net Worth (RONW): 4.83%

Net Asset Value (NAV): INR21.02 per share

Registrar of Diksha Greens IPO

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India

Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email[email protected]
Website: http://www.cameoindia.com

Diksha Greens IPO Allotment Status

Diksha Greens IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.

Listing performance of Diksha Greens

IPO Opening Date: 26 November 2018

IPO Closing Date: 28 November 2018

Listing Date: 5 December 2018

Listing Price on BSE SME: INR36.2 per share (up 20.67% from IPO price)

Closing Price on BSE SME: INR35.9 per share (up 19.67% from IPO price)


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