Diksha Polymers IPO Details

Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |

Diksha Polymers IPO Logo
The exchange has approved the Initial Public Offer (IPO) of Diksha Polymers Ltd. on January 27, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The exchange approval is valid for 12 months.

Diksha Polymers Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.16 crore equity shares.

The equity shares are proposed to be listed on the BSE SME. Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Diksha Polymers IPO DRHP for more details.

IPO Details

IPO Date[.]
Listing Date[.]
Face Value10 per share
Lot Size
Sale TypeFresh capital only
Issue TypeFixed Price IPO
Listing AtBSE SME

Total Issue Size16,00,000 shares
(agg. up to ₹[.] Cr)
Reserved for Market Maker
81,600 shares
(agg. up to ₹[.] Cr)
Fresh Issue
(Ex Market Maker)
15,18,400 shares
(agg. up to ₹[.] Cr)
Net Offered to Public15,18,400 shares
(agg. up to ₹[.] Cr)
Share Holding Pre Issue35,98,200 shares
Share Holding Post Issue51,98,200 shares

IPO DRHP Status

DescriptionDate
Filed with SEBI/ExchangeTue, Aug 12, 2025
Offer document withdrawn
Filed with SEBI/ExchangeTue, Dec 16, 2025
SEBI/Exchange approval receivedTue, Jan 27, 2026

Issue Reservation

Investor Category Shares Offered
Retail Shares Offered 50% of the Net Issue
NII Shares Offered50% of the Net Issue

About Diksha Polymers Ltd.

Diksha Polymers is engaged in the manufacturing of PET bottles/containers, PET preforms, and caps. PET containers are primarily used for storing beverages, oils, and other related products, while PET preforms used as a raw material for PET containers. PET Containers are used is wide range of industries i.e., lubricants, food and beverages, consumer goods, pharmaceuticals, agrochemicals, etc.

Manufacturing facility: As of Sep 30, 2025, it has three manufacturing facilities across a total area of 26,879 sq. ft. Aggregate installed capacity of 2,100 MTPA for PET bottles and 1,785 MTPA for PET Preforms.

Competitive Strengths

  • Product Portfolio of PET Bottles, PET Preforms, and Caps
  • Integrated and well-established manufacturing setup
  • Strategically located manufacturing facilities
  • Healthy Financial Performance
  • Experienced Promoters and Management Team

Company Financials (Restated)

Diksha Polymers Ltd.'s revenue increased by 117% and profit after tax (PAT) rose by 160% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets25.0325.866.817.62
Total Income22.4542.7319.7211.14
Profit After Tax1.952.631.010.05
EBITDA3.324.711.800.44
NET Worth6.354.401.770.76
Reserves and Surplus2.754.001.370.36
Total Borrowing14.6312.914.474.15
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings 13.75
2 General Corporate Purpose

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE59.75%
ROCE23.52%
Debt/Equity2.93
RoNW59.75%
PAT Margin6.16%
EBITDA Margin11.02%
Pre IPOPost IPO
Promoter Holding100%
Vivek Mandelia, Vipin Mandelia, Hemlata Mandelia and Anjana Mandelia are the company promoters.

IPO Registrar

Cameo Corporate Services Ltd.

Contact Details

Diksha Polymers Ltd. Address
B-33, Maharajpura Industrial Area,
Maharajpura A.F., Gwalior, Gird,
Gwalior, Madhya Pradesh, 474020
Open an Instant Account with Zerodha

IPO FAQs

Diksha Polymers IPO is a SME IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Diksha Polymers IPO open and close dates are not available as of now.

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 Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Diksha Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Diksha Polymers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Diksha Polymers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Diksha Polymers IPO dates are not announced. Please check back again after some time.

Diksha Polymers IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Diksha Polymers 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 Polymers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Diksha Polymers IPO allotment status.

The Diksha Polymers IPO listing date is not yet announced. The tentative date of listing is .

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