Diksha Polymers Ipo
Diksha Polymers IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Aryaman Financial Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 17, 2026 |
| IPO Close Date | June 19, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹112 Per Share |
| Issue Size | Approx ₹18 Crores |
| Fresh Issue | Approx ₹18 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,68,800 |
| Retail Maximum | 2 | 2,400 | ₹2,68,800 |
| S-HNI Minimum | 3 | 3,600 | ₹4,03,200 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | 7,58,400 Shares | 47.45% |
| Retail Shares Offered | 7,58,400 Shares | 47.45% |
| IPO Open Date: | June 17, 2026 |
| IPO Close Date: | June 19, 2026 |
| Basis of Allotment: | June 22, 2026 |
| Refunds: | June 23, 2026 |
| Credit to Demat Account: | June 23, 2026 |
| IPO Listing Date: | June 24, 2026 |
| IPO Bidding Cut-off Time: | June 19, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 35,98,200 | 100% |
| Promoter Holding Post Issue | 51,96,600 | 69.25% |
| Purpose | Crores |
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings | ₹13.75 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹19.72 | ₹18.37 | ₹1.01 | ₹6.81 |
| 2025 | ₹42.73 | ₹39.31 | ₹2.63 | ₹25.86 |
| 2026 | ₹51.27 | ₹45.66 | ₹4.12 | ₹28.20 |
| KPI | Values |
| ROE: | 48.32% |
| ROCE: | 28.09% |
| EBITDA Margin: | 14.27% |
| PAT Margin: | 8.03% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹11.44 (Basic) |
| Price/Earning P/E Ratio: | 9.79 |
| Return on Net Worth (RoNW): | 48.32% |
| Net Asset Value (NAV): | ₹23.68 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| TPL Plastech Limited | 3.73 | 17.36 | 17.21% | 21.65 | 422.55 Cr. |
| Mitsu Chem Plast Ltd | 11.50 | 13.27 | 13.89% | 82.79 | 332.28 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |