Diksha Greens IPO is all about to make its debut on 26 Nov 2018, with an issue size of 13.32CR.
Diksha Greens Limited, based in Kolkata, was founded in 2004 and is in the business of trading timber, wooden logs, sawn timber, and veneer sheets.
The firm got an Importer-Exporter Code (IEC) in 2006 and began importing wooden logs and timber. It imports lumber and logs from a variety of nations, including Malaysia, Vietnam, Burma, Nigeria, Ghana, Ivory Coast, Ecuador, Salvador, Costa Rica, Solomon Islands, Papua New Guinea, and others.
The corporation has opted to extend its operations this year. It bought a Multi-Commodity Cold Storage, which provides traders and farmers with storage facilities for fruits and vegetables.
Industry Overview
Ind-Ra anticipates 6.8% growth in PFCE in FY19. Despite two consecutive years of monsoon failure in 2014 and 2015, PFCE grew at an average rate of 6.9% from FY14 to FY18, owing to favorable demographic and inflation factors. Given the demographic makeup, a considerable number of people enter the labor force each year. Even if only a fraction of them find work (anecdotal evidence suggests that while approximately 10-12 million people enter the working-age population each year, only approximately 3.7 million jobs are created annually), the numbers are still staggering, having a significant impact on consumption. Furthermore, the continued rise of India’s middle class is fueling consumption growth. Also, consumer price index (CPI) inflation, which averaged 9.8% from FY12 to FY14, fell to 5.9% in FY15, then to 4.9% in FY16 and 4.5% in FY17 before falling further to 3.6% in FY18. The dramatic drop in CPI inflation is partly due to the slump of global commodity prices, notably crude oil.
Brief about the activities of the company:
A. Trading in wooden Logs and Timber
B. Operation of Saw Mill
C. Manufacturing of Veneer sheets
D. Multi-Commodity Cold Storage
Diksha Greens IPO Details
| IPO Date | Nov 26, 2018 to Nov 28, 2018 |
| Listing Date | Dec 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,440,000 shares(aggregating up to ₹13.32 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
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 |
Objects of the Issue
The Objects of the Issue are to raise funds to meet:
1. Working requirements of the company- Rs 1257 lakhs
2. Issue Expenses- Rs 75 lakhs
Diksha Greens IPO Prospectus
Company Contact Information
Diksha Greens Limited
11 Sambhu Chaterjee Street
Jorasanko
Jorasanko Kolkata-700007
Phone: 03322198219
Email: cs@dikshagreens.co.in
Website: http://www.dikshagreens.co.in/
Diksha Greens IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Diksha Greens IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
