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Diksha Greens Limited IPO (Diksha Greens IPO) Detail

Nov 26, 2018 - Nov 28, 2018

Incorporated in 2004, Kolkata based Diksha Greens Limited is a company engaged in the business of trading of timber, wooden logs, sawn timber and manufacturing of veneer sheets.

In 2006 the company obtained Importer-Exporter code (IEC) and started importing the wooden logs and timber. It imports logs and timbers from many countries including Malaysia, Vietnam, Burma, Nigeria, Ghana, Ivory Coast, Ecuador, Salvador, Costa Rica, Solomon Island, Papua and Guinea etc.

Diksha has a Factory located in Baidyabati, Hooghly, West Bengal. In this unit, the logs are sold in raw form as well as sawn timber. Here veneer sheets are also produced as per the customer requirements.

This year the company has decided to expand its business. It purchased a Multi-Commodity Cold Storage wherein storage facilities for fruits and vegetables are offered to traders/farmers.

The company plans to involve into trading of fruits, vegetables, Dry Fruits, Egg, Fish and Spices in future.

Diksha Green has 9 employees on its payroll.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,095.12 2,464.57 3,230.98 1,850.08 2,057.95 2,133.56
Total Revenue 1,256.07 4,182.95 5,446.68 5,422.61 5,424.85 5,300.53
Profit After Tax 41.45 55.05 63.78 45.99 40.33 38.59

Objects of the Issue

The Objects of the Issue are to raise funds to meet:
1. Working requirements of the company- Rs 1257 lakhs
2. Issue Expenses- Rs 75 lakhs

Diksha Greens IPO Details

IPO Date Nov 26, 2018 to Nov 28, 2018
Listing Date Wednesday, December 5, 2018
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Issue Size4,440,000 shares of ₹10
(aggregating up to ₹13.32 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are Mr Rajesh Pirogiwal, Mrs Sunita Pirogiwal, Ms Tanvi Pirogiwal and M/s. Rajesh Kumar Pirogiwal & Sons HUF. They hold 21,08,678 Equity Shares which in the aggregate, constitutes 38.85% of the issued and paid-up Equity Share capital of the Company.

Diksha Greens IPO Lot Size

The Diksha Greens IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000

Diksha Greens IPO Review

Company has shown average financial performance. Asking price is very aggressive.  There is no harm in giving this issue a miss. 

Read detail review...


Diksha Greens IPO Subscription Status (Bidding Detail)

The Diksha Greens IPO is subscribed 1.07 times on Nov 28, 2018 7:49:03 PM. The public issue subscribed 0.07 times in the retail category, times in the QIB category, and 1.99 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.99
Retail0.07
Total1.07

Diksha Greens IPO Prospectus

Diksha Greens IPO Rating

10
2.8
Rating:Rated 2.8 stars
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Diksha Greens IPO Listing Date

Listing Date Wednesday, December 5, 2018
BSE Script Code 542155
NSE Symbol
Listing In MT Group of Securities
ISIN INE01GR01018
IPO Price ₹30 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹30.00
₹36.20
₹35.90
₹36.20
₹35.90

Company Contact Information

Diksha Greens Limited
11 Sambhu Chaterjee Street
Jorasanko
Jorasanko Kolkata-700007
Phone: 03322198219
Email: cs@dikshagreens.co.in
Website: http://www.dikshagreens.co.in/

Diksha Greens IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Diksha Greens IPO Review

Diksha Greens IPO Recommendation Summary

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Members 0 0 0

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Diksha Greens IPO FAQs

Diksha Greens IPO is a SME IPO of 4,440,000 equity shares of the face value of ₹10 aggregating up to ₹13.32 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Nov 26, 2018, and closes on Nov 28, 2018.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Diksha Greens IPO opens on Nov 26, 2018 and closes on Nov 28, 2018.

Diksha Greens IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Diksha Greens IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Diksha Greens IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Diksha Greens IPO allotment status.

The Diksha Greens IPO listing date is on Wednesday, December 5, 2018.
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Diksha Greens IPO Message Board

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2 Comments

2. Adityasingh |   Link |Jan 21, 2019 11:15:53 AM
Dileep sir another suggestion to avoid and the share is skyrocketing!
1. PKK |   Link |Dec 2, 2018 7:05:49 PM
All Big Bosses on long international tours
Silence and only silence
Come back and please share some exciting experience of share market
Guide investors please