Diksha Polymers IPO
Diksha Polymers LtdSME
This IPO has listed.
- Open date
- 17 Jun 2026
- Close date
- 19 Jun 2026
- Min. Investment
- ₹2,68,800
- Lot Size
- -
- Fresh Issue
- ₹17.90 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Completed: IPO open date17 Jun 2026
- Completed: IPO close date19 Jun 2026
- Completed: Allotment date22 Jun 2026
- Completed: Funds unblock or debit23 Jun 2026
- Completed: Tentative listing date24 Jun 2026
About
Promoter shareholding in Diksha Polymers Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Vivek Mandelia | 9,00,000 | 25.01% | 9,00,000 | 17.32% |
| Vipin Mandelia | 9,00,000 | 25.01% | 9,00,000 | 17.32% |
| Hemlata Mandelia | 8,95,500 | 24.88% | 8,95,500 | 17.23% |
| Anjana Mandelia | 9,00,000 | 25.01% | 9,00,000 | 17.32% |
| Riddhi Mandelia | 900 | 0.03% | 900 | 0.02% |
| Yagya Mandelia | 900 | 0.03% | 900 | 0.02% |
| Lakshya Mandelia | 900 | 0.03% | 900 | 0.02% |
Diksha Polymers IPO Strengths & Risks
- Integrated and well-established manufacturing setup.
- Strategic location of our manufacturing facilities.
- Experienced Promoters and Management Team.
- Healthy Financial Performance.
- Product Portfolio.
- Risks Relating to the Business: The company derives a significant portion of its revenue from the sale of PET plastic bottles and PET Preforms and any reduction in demand or in the manufacturing of such products could has an adverse effect on the company business, results of operations and financial condition.
- Risks Relating to the Business: The company is dependent on a few suppliers for supply of raw materials and any major disruption to the timely and adequate supplies of its raw materials could adversely affect the company business, results of operations and financial condition.
- Risks Relating to the Business: The company is significantly dependent on few customers for its revenue in a particular financial year. The loss of any one or more of such customers may has a material effect on the company business operations and profitability.
- Risks Relating to the Business: Trade Receivables, Inventories and other current assets form a substantial part of the company Total Assets. Failures to manage its trade receivables and inventories could has an adverse effect on the company net sales, profitability, cash flow and liquidity.
- Risks Relating to the Business: The company business is dependent on operating of its manufacturing facilities, which is concentrated in a single region i.e. Gwalior, Madhya Pradesh, hence the company faces geographical concentration related risks. Further, the loss or shutdown of the company facilities could has a material adverse effect on its business, financial condition and results of operations.
- Risks Relating to the Business: The leasehold rights in certain properties used by the Company is yet to be transferred in its name and any delay or failures in effecting such transfer may adversely affect the company operations.
- Risks Relating to the Business: The Company may has potential Conflicts of interest with its Promoter Group Entity/ Company as they are engaged in similar line of business.
- Risks Relating to the Business: The company premises is not owned by its and the company has only leasehold rights over such premises. In the event its lose such rights or is required to negotiate it, the company cash flows, business, financial conditions and results of operations could be adversely affected.
- Risks Relating to the Business: The Company, its Promoters, the company Directors and its Group Company is parties to certain legal proceedings. Any adverse decision in such proceedings may has a material adverse effect on the company business, results of operations and financial condition.
- Risks Relating to the Business: Majority of the company purchases is from Related Parties in the past i.e F.Y 2023-24 and F.Y 2024-25. Its may continue to enter in such transaction in future.
- Risks Relating to the Business: The company has reported negative net cash flows in the past and may does so in the future.
- Risks Relating to the Business: The company cost of production is exposed to fluctuations in the prices of raw materials required for the manufacture as well as its availability.
- Risks Relating to the Business: The deployment of the Net Proceeds from the Fresh Issue is based on management estimates and has not been independently appraised by any bank or financial institution and is not subject to any monitoring by any independent agency and the Company's management will has flexibility in utilizing the Net Proceeds from the Fresh Issue.
- Risks Relating to the Business: The Company acquired the running business of Diksha Packaging, Proprietorship concern of Ms. Anjana Mandelia, through Business Transfer Agreement dated September 18, 2024 which contains certain terms and conditions. Inability to effectively service / comply with or obtain waivers of some covenants, as the case may be, may adversely affect its business, results of operations and financial conditions.
- Risks Relating to the Business: If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operates the company business, it may has a material adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The company insurance coverage may not be sufficient or may not adequately protect its against any or all hazards, which may adversely affect the company business, results of operations and financial condition.
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses the company directors (including its Promoters) and Key Management Personnel is interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Risks Relating to the Business: The company Promoters and Key Managerial Personnel play key role in its functioning and the company heavily relies on their knowledge and experience in operating the company business and therefore, it is critical for its business that they remain associated with the company.
- Risks Relating to the Business: Any accidents or mishappenings in the address of Plot 32(1), Industrial Area, Gwalior may adversely affect the company operation.
- Risks Relating to the Business: Any disruption to the steady and regular supply of workforce for the company operations, including dues to strikes, work stoppages or increased wages demands by the company workforce or any other kind of disputes with its workforce or the company inability to control the composition and cost of the company workforce could adversely affect its business, cash flows and results of operations.
- Risks Relating to the Business: Any failures to protect or enforce the company rights to own or use trademarks and brand names and identities could has an adverse effect on its business and competitive position.
- Risks Relating to the Business: Reliance has been placed on Physical Search Report prepared by Practicing Company Secretary dated June 30, 2025 for documents unable to be traced on MCA Portal for data of the Company between March 02, 1999 to September 30, 2004.
- Risks Relating to the Business: A significant portion of the company sales is concentrated in a single region i.e., Madhya Pradesh and the inability to operates and grow its business in this particular region may has an adverse effect on the company business, financial condition, results of operations, cash flows and future business prospects.
- Risks Relating to the Business: The market for plastic products is growing and getting competitive.
- Risks Relating to the Business: The Company has not obtained any credit rating, which may limit its ability to secure debt financing at competitive terms, potentially affecting the company financial condition, results of operations, cash flows, and future growth prospects.
- Risks Relating to the Business: The company failures to keep its technical knowledge confidential could erode the company competitive advantage. Its possess certain technical knowledge about the company products.
- Risks Relating to the Business: None of the Company's board of directors has any experience of listed Companies.
- Risks Relating to the Business: The company has incurred indebtedness which exposes its to various risks which may has an adverse effect on the company business and results of operations. Its may also be unable to obtain future financing to fund the company operations, expected capital expenditure and working capital requirements on favorable terms, or at all.
- Risks Relating to the Business: The company has not commissioned an industry report for the disclosures made in the section titled `Industry Overview' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by its.
- Risks Relating to the Business: The company Promoters and directors has extended personal guarantees in connection with certain of its debt facilities.
- Risks Relating to the Business: Information relating to the company installed capacities and the historical capacity utilization included in this Prospectus is based on various assumptions and estimates and future production and capacity utilisation may vary.
- Risks Relating to the Business: There may be few delays or non-compliances relating to filing of returns and deposit of statutory dues with the statutory authorities. In case of any delay or default in payment of statutory dues in future by the Company, the Regulatory Authorities may impose monetary penalties on its or take certain punitive actions against the Company in relation to the same which may has adverse impact on its business, financial condition and results of operations.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares held by the company Promoters is lower than the Issue Price.
- Risks Relating to the Business: The Company has higher debt-equity ratio which requires significant cash flows to service its debts obligations, and this, together with the conditions and restrictions imposed by the company financing arrangements, fluctuations in the interest rates may limit its ability to operates freely and grow the company business.
- Risks Relating to the Business: Industrial accidents at the company manufacturing facilities may adversely affect its operation.
- Risks Relating to the Business: Certain key performance indicators for certain listed industry peers included in this Prospectus has been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Risks Relating to the Business: In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects/ schedule of implementation of this Issue which would in turn affect the company revenues and results of operations.
- Risks Relating to the Business: The company is dependent on third party transportation providers for the delivery of its products to the company customers.
- Risks Relating to the Business: There's a growing public and consumer demand for sustainable practices. Manufacturers who doesn't adapt to using recycled materials or producing less-polluting polymers risk losing market share.
- Risks Relating to the Business: If the company is unable to continue to grow at same rate as in past and manage its growth effectively or raise additional capital, the company business, future financial performance and results of operations could be materially and adversely affected.
- Risks Relating to the Business: The company is subject to quality requirements any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect its reputation, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: The Company may not be able to bring growth or successfully implement its business plan which could has an effect on its business, results of operations and financial condition.
- Risks Relating to the Business: Employee misconduct, errors or fraud could expose its to business risks or losses that could adversely affect the company business prospects, results of operations and financial condition.
- Risks Relating to the Business: Changes in technology may render the company current technologies obsolete or requires its to make substantial investments.
- Risks Relating to the Business: The company may also be unable to obtain future financing to fund its operations, expected capital expenditure and working capital requirements on favorable terms, or at all.
- Risks Relating to the Business: Key challenges in the global plastic industry such as global slowdown, availability of raw materials and price volatility, Trade barriers and environmental concerns and regulations that are beyond the company control may has an adverse effect on its business and results of operations.
- Risks Relating to the Business: Any delay or defaults in receipt of payments or dues from the company customers could result in a reduction of its profits.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute your shareholding and sale of Equity Shares by the Promoter may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: The company ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in its financing arrangements.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner, or at all.
- Risks Relating to the Business: Pursuant to listing of the Equity Shares, its may be subject to pre-emptive surveillance measures like Additional Surveillance Measure ("ASM") and Graded Surveillance Measures ("GSM") by the Stock Exchange in order to enhance market integrity and safeguard the interest of investors.
- Risks Relating to the Business: Non-compliance with and changes in, safety, health and environmental laws and other applicable regulations, might adversely affect the Company's results of operations and its financial condition.
