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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.
| 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 |
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
| 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 Size | 4,440,000 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. |
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 |
Company has shown average financial performance. Asking price is very aggressive. There is no harm in giving this issue a miss.
Read detail review...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)
| Category | Subscription (times) |
|---|---|
| NII | 1.99 |
| Retail | 0.07 |
| Total | 1.07 |
| 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 |
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Diksha Greens Limited
11 Sambhu Chaterjee Street
Jorasanko
Jorasanko Kolkata-700007
Phone: 03322198219
Email: cs@dikshagreens.co.in
Website: http://www.dikshagreens.co.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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.
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