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Diksha Greens IPO is a fixed price issue of ₹13.32 crores. The issue is entirely a fresh issue of 0.44 crore shares of ₹13.32 crore.
Diksha Greens IPO bidding started from Nov 26, 2018 and ended on Nov 28, 2018. The shares got listed on BSE SME on Dec 5, 2018.
Diksha Greens IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 44,40,000 shares (aggregating up to ₹13.32 Cr) |
| Reserved for Market Maker | 2,24,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.6720 Cr) |
| Net Offered to Public | 42,16,000 shares (aggregating up to ₹12.65 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 54,27,290 shares |
| Share Holding Post Issue | 98,67,290 shares |
Diksha Greens IPO offers total 44,40,000 shares. Out of which 21,08,000 (47.48%) allocated to NII, 21,08,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,24,000 (5.05%) |
| NII (HNI) Shares Offered | 21,08,000 (47.48%) |
| Retail Shares Offered | 21,08,000 (47.48%) |
| Total Shares Offered | 44,40,000 (100.00%) |
Diksha Greens IPO opens on November 26, 2018, and closes on November 28, 2018.
| IPO Open Date | Mon, Nov 26, 2018 |
| IPO Close Date | Wed, Nov 28, 2018 |
| Tentative Listing Date | Wed, Dec 5, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 28, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
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 Company Diksha Greens IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 12.57 |
| 2 | Public issue expenses | 0.75 |
[Dilip Davda] <p>Company has shown average financial performance. Asking price is very aggressive. There is no harm in giving this issue a miss. </p> Read detail review...
| Listing Date | December 5, 2018 |
| BSE Script Code | 542155 |
| NSE Symbol | |
| ISIN | INE01GR01018 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹36.20 |
| Low | ₹35.90 |
| High | ₹36.20 |
| Last Trade | ₹35.90 |
Diksha Greens Ltd.
11 Sambhu Chaterjee Street
Jorasanko
Kolkata, West Bengal, 700007
Phone: 03322198219
Email: cs@dikshagreens.co.in
Website: http://www.dikshagreens.co.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Diksha Greens IPO is a SME IPO of 44,40,000 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.
The IPO opens on November 26, 2018, and closes on November 28, 2018.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Diksha Greens IPO using UPI as a payment gateway. Zerodha customers can apply in Diksha Greens IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Diksha Greens IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Diksha Greens IPO opens on November 26, 2018 and closes on November 28, 2018.
Diksha Greens IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Diksha Greens IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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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