Diksha Polymers IPO
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Diksha Polymers IPO details
Schedule of Diksha Polymers
| Issue open date | 17 Jun 2026 |
| Issue close date | 19 Jun 2026 |
| UPI mandate deadline | 19 Jun 2026 (5 PM) |
| Allotment finalization | 22 Jun 2026 |
| Refund initiation | 23 Jun 2026 |
| Share credit | 23 Jun 2026 |
| Listing date | 24 Jun 2026 |
| Mandate end date | 03 Jul 2026 |
| Lock-in end date for anchor investors (50%) | 21 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 19 Sep 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Diksha Polymers
Diksha Polymers Limited is engaged in the manufacturing of PET (Polyethene Terephthalate) bottles, containers and PET preforms. PET containers are primarily used for packaging and storage of beverages, edible oils and other products, while PET preforms serve as an intermediate product used in the manufacture of PET containers. The company operates three manufacturing facilities located in Gwalior, Madhya Pradesh, with installed capacities for both PET bottles and PET preforms. Its revenue is mainly generated through the sale of PET bottles and containers, which contribute the majority of its operating revenue, followed by PET preforms. The company also earns a small portion of revenue from caps and the sale of scrap and waste. Its products are manufactured using injection moulding and blow moulding processes and cater to customers across industries such as food and beverages, lubricants, consumer goods, pharmaceuticals and agrochemicals.
Financials of Diksha Polymers
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 17.90 |
| Fresh Issue – Proceeds go to the company | 17.90 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/prepayment of borrowings | 13.75 (76.82%) |
| General corporate purposes | 2.25 (12.57%) |
| Issue-related expenses |
1.9 (10.61%) |
Strengths
- Manufactures both PET bottles/containers and PET preforms, serving multiple packaging needs.
- Operates three manufacturing facilities with established production capacity.
- Supplies products to diverse industries including food, beverages, pharmaceuticals and agrochemicals.
- Has the capability to produce PET products in various sizes and shapes using moulding technologies.
- Revenue has grown over the last three financial years, supported by expanding product sales.
Risks
- A significant portion of revenue comes from PET bottles and PET preforms, increasing product concentration risk.
- The business depends on plastic-based products and could be affected by future restrictions on plastic usage.
- The company has ongoing tax-related legal proceedings against it and its promoters.
- A large share of purchases has historically been made from related parties.
- High working capital and funding requirements could increase dependence on borrowings and external financing.