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Diksha Greens IPO is a fixed price issue of Rs 13.32 crores.
Diksha Greens IPO bidding started from November 26, 2018 and ended on November 28, 2018. The shares got listed on BSE SME on December 5, 2018.
Diksha Greens IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Finshore Management Services Limited is the book running lead manager of the Diksha Greens IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Diksha Greens IPO RHP for detailed information.
| IPO Date | November 26, 2018 to November 28, 2018 |
| Listing Date | December 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,440,000 shares (aggregating up to ₹13.32 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 224,000 shares |
Diksha Greens IPO offers 4,440,000 shares. 2,108,000 (47.48%) to NII, 2,108,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 224,000 (5.05%) |
| Other Shares Offered | 2,108,000 (47.48%) |
| Retail Shares Offered | 2,108,000 (47.48%) |
| Total Shares Offered | 4,440,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
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
[Dilip Davda]
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 November 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) |
|---|---|
| Other | 1.99 |
| Retail | 0.07 |
| Total | 1.07 |
| Listing Date | December 5, 2018 |
| BSE Script Code | 542155 |
| NSE Symbol | |
| ISIN | INE01GR01018 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹36.20 |
| ₹35.90 |
| ₹36.20 |
| ₹35.90 |
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/
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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 November 26, 2018, and closes on November 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 November 26, 2018 and closes on November 28, 2018.
Diksha Greens IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, 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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