Diksha 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
Jorasanko
Kolkata-700007
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:Â [email protected]
Website:Â 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:Â 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)
