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 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.

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 Opening Date	Nov 26, 2018
IPO Closing Date	Nov 28, 2018
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹30 per equity share
Market Lot	4000 Shares
Min Order Quantity	4000 Shares
Listing At	BSE SME
Issue Size	4,440,000 Eq Shares of ₹10 (aggregating up to ₹13.32 Cr)

Diksha Greens IPO Lot Size

The Diksha Greens IPO market 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 (Cut-off)
Minimum	1	4000	₹120,000
Maximum	1	4000	₹120,000

Diksha Greens IPO Subscription Status (Bidding Detail)

The Diksha Greens IPO is subscribed 1.07x times on Nov 28, 2018 19:49. The public issue subscribed 0.07x in the retail category, in the QIB category, and 1.99x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	1.99x
RII	0.07x
Total	1.07x

Diksha Greens IPO Prospectus

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Diksha Greens IPO Rating

2.8

Rating:

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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 equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹30.00
₹36.20
₹35.90
₹36.20
₹35.90
20,000

Diksha Greens IPO Reviews / Ratings

Dilip Davda - Avoid

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
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

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

Diksha Greens IPO Lead Manager(s)

Finshore Management Services Limited

Lead Manager Reports

Diksha Greens IPO FAQs

What is Diksha Greens IPO?

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 equity 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.
When Diksha Greens IPO will open?

The Diksha Greens IPO opens on Nov 26, 2018 and closes on Nov 28, 2018.
What is the lot size of Diksha Greens IPO?

Diksha Greens IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
How to apply for Diksha Greens IPO?

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.
When Diksha Greens IPO allotment?

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.
When is Diksha Greens IPO listing date?

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

Diksha Greens IPO Message Board

Ranked Members

2. Adityasingh |Jan 21, 2019 10:15

Dileep sir another suggestion to avoid and the share is skyrocketing!

1. PKK |Dec 2, 2018 18:05

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

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