Diksha Greens Limited IPO

Diksha Greens Limited IPO

Issue Open

Nov 26, 2018

Price Band

₹ 30

Issue Size

₹ 13.32 Cr

Credit of Shares to Demat

-

Issue Close

Nov 28, 2018

Bid Lot

4000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue

Minimum Order Quantity

4000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Dec 05, 2018

Refunds

-

About the company:

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

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