Fixed Price IPO | ₹13 Cr | Listed at BSE SME | Mon, Nov 26, 2018 - Wed, Nov 28, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Nov 26, 2018
IPO Close
Wed, Nov 28, 2018
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹29.60 Cr
| IPO Date | 26 to 28 Nov, 2018 |
| Listed on | Wed, Dec 5, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 44,40,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 2,24,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.6720 Cr) |
| Fresh Issue (Ex Market Maker) | 42,16,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 42,16,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 54,27,290 shares |
| Share Holding Post Issue | 98,67,290 shares |
| BSE Script Code | 542155 |
| ISIN | INE01GR01018 |
Diksha Greens IPO comprises a total issue size of 44,40,000 shares. The net offer to the public is 42,16,000 shares, after excluding 2,24,000 shares allotted on a firm basis. Of the Net offer 21,08,000 (50.00%) allocated to NII 21,08,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,08,000 | 50.00% | 47.48% |
| Retail Shares Offered | 21,08,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,24,000 | 5.05% | |
| Total Shares Offered | 44,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 12.57 |
| 2 | Public issue expenses | 0.75 |
The Diksha Greens IPO is subscribed 1.07 times on November 28, 2018 7:49:03 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.99 | 21,08,000 | 42,00,000 |
| Retail | 0.07 | 21,08,000 | 1,44,000 |
| Total | 1.07 | 42,16,000 | 45,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers and Regulatory Fees & Other Expenses etc. | 0.75 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹36.20 |
| Low | ₹35.90 |
| High | ₹36.20 |
| Last Trade | ₹35.90 |
Lead Manager Reports
Diksha Greens IPO is a SME IPO of 44,40,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Nov 26, 2018, and closes on Wed, Nov 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 Mon, Nov 26, 2018 and closes on Wed, Nov 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 Wed, Dec 5, 2018.
