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Diksha Greens Limited IPO

Add to Calendar 2018-11-26 12:00 AM 2018-11-28 12:00 AM Asia/Kolkata Diksha Greens Limited IPO Diksha Greens Limited IPO India

Diksha Greens Limited is involved in dealing of timber, wooden logs, sawn timber and production of veneer sheets. It has godown cum factory located in Baidyati, Hooghly, West Bengal where further processing is carried to suits customer requirements.

Date of Incorporation: The company was incorporated as ‘Diksha Timber Private Limited’ on 21st July 2004 at West Bengal, Kolkata. Subsequently, it was reformed to a public limited company ‘Diksha Greens Limited’ on 06th February 2018.

Promoters of Diksha Greens Limited: Mr Rajesh Pirogiwal, Mrs Sunita Pirogiwal, Ms Tanvi Pirogiwal, and Rajesh Kumar Pirogiwal & Sons HUF are the promoters of Diksha Greens Limited.

Products and Services Offering: The company is involved in several activities consisting of:

  • - Trading in wooden Logs and Timber that are imported from countries namely Malaysia, Vietnam, Burma,       Nigeria, Ghana and Solomon Island among others.

  • - Operation of Saw Mill.

  • - Manufacturing of Veneer sheets.

  • - Multi-Commodity Cold Storage.

Customer Segments: The company has customer segments spread across the local markets and its nearby areas. Further, it plans to expand its client base by an introduction of additional products like Fruits, Vegetables, Dry Fruits, Egg, Fish, and Spices.

Objectives of Disha Greens Limited IPO: The core objects of Disha Greens Limited IPO are:

  • - To fulfil the Working Capital Needs of the Company.

  • - To meet Issue Related Expenses.

    Company Financials:

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

Issue Detail

  • Issue Open: Nov 26, 2018
  • Issue Close: Nov 28, 2018
  • Issue Type: Fixed Price Issue
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 30 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 13.32 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 2,108,000 2,108,000 - - 4,216,000
Day 1 - Nov 26, 2018IST - 0.56x 0.00x - - 0.28x
Day 2 - Nov 27, 2018IST - 1.90x 0.02x - - 1.00x
Day 3 - Nov 28, 2018IST - 1.99x 0.07x - - 1.07x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 30.00 -
Open Rs 36.20 -
Low 35.90 -
High 36.20 -
Last Trade 35.90 -
Volume 20,000 -

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