Diksha Polymers IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 1.37x | 1.83x | 2.74x |
| bNII > ₹10L | 1.37x | 1.83x | 2.74x |
| sNII 2-10L | 1.37x | 1.83x | 2.74x |
| Retail | 1.27x | 1.67x | 3.14x |
| Total | 1.32x | 1.75x | 2.94x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 19.72 | 42.73 | 51.27 |
| Expense | 18.37 | 39.31 | 45.66 |
| Profit (PAT) | 1.01 | 2.63 | 4.12 |
| Total Assets | 6.81 | 25.86 | 28.20 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Diksha Polymers This IPO | 11.44 | 9.79 | 48.32 | 23.68 | - |
| 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 |
Promoters & Holding Pattern
Promoters: Vivek Mandelia, Vipin Mandelia, Hemlata Mandelia and Anjana Mandelia
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 35,98,200 | 100.00% |
| Promoter Holding Post Issue | 51,96,600 | 69.25% |
Strengths & Risks
- Revenue grew 20% in the latest reported year.
- Solid profit margin — 8.0%.
- Strong return on equity — 48%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Diksha Polymers
Diksha Polymers is one of the leading manufacturers of PET bottles/containers, PET preforms, and caps. These PET bottles/containers are mainly used to store beverages, oils, and other related products, and PET preforms are used as a raw material for PET containers. PET containers are used in various industries, such as lubricants, food and beverages, consumer goods, pharmaceuticals, agrochemicals, etc. The firm has 3 manufacturing facilities spanning 26,879 sq. ft. Its product portfolio includes PET Bottles, PET jars, PET preforms, and HDPE containers that meet the industry standards. The firm operates 24 PET Blow Molding Machines, 8 Injection Molding Machines, and 6 HDPE Double Station Blow Molding Machines.
Company Contact Information
Diksha Polymers Ltd., B-33, Maharajpura Industrial Area,, Maharajpura A.F., Gwalior, Gird,, Gwalior, Madhya Pradesh, 474020
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings | 13.75 |
| General Corporate Purpose | - |
Resources & Documents
Diksha Polymers IPO - Quick Take
Diksha Polymers has fixed the issue price at Rs 112 per share for an issue size of Rs 18 crore. The stock listed with a 2.23% gain versus its issue price on June 24, 2026.
The issue is promoted by Vivek Mandelia, Vipin Mandelia, Hemlata Mandelia and Anjana Mandelia with Aryaman Financial Services Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment/ prepayment, in full or in part, of certain outstanding borrowings (Rs 14 crore) and general Corporate Purpose.
At the upper end of the price band, the issue is priced at a post-issue P/E of 9.79x. On fundamentals, the company is posting revenue growth of 20.0%, a profit margin of 8.0%, return on equity of 48.3% in its most recent reported period. Listed peers in this segment include TPL Plastech Limited (P/E 17.36x) and Mitsu Chem Plast Ltd (P/E 13.27x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Diksha Polymers IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Diksha Polymers GMP history and trend, or learn how grey market premium works and how reliable it is.
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