No harm in avoiding.
Diksha Greens Limited IPO
(i) Diksha Green Limited was originally incorporated on July 21, 2004, in Kolkata. Diksha Green Limited is a company engaged in the business of trading of timber, wooden logs, sawn timber and manufacturing of veneer sheets.
(ii) In 2006 the company obtained Importer-Exporter code (IEC) and started importing the wooden logs and timber. It imports logs and timbers from many countries including Malaysia, Vietnam, Burma, Nigeria, Ghana, Ivory Coast, Ecuador, Salvador, Costa Rica, Solomon Island, Papua, and Guinea etc.
(iii) Diksha has a Factory located in Baidyabati, Hooghly, West Bengal. In this unit, the logs are sold in raw form as well as sawn timber. Here veneer sheets are also produced as per the customer requirements.
(iv) This year the company has decided to expand its business. It purchased a Multi-Commodity Cold Storage wherein storage facilities for fruits and vegetables are offered to traders/farmers. The company plans to involve into trading of fruits, vegetables, Dry Fruits, Egg, Fish, and Spices in future. Diksha Green has 9 employees on its payroll.
Objects of the Diksha Greens Limited IPO:
Diksha Greens Limited IPOare: 1. Working requirements of the company - Rs 1257 lakhs 2. Issue Expenses- Rs 75 lakhs
Diksha Greens Limited IPO Details:
|Open Date:||Nov 26 2018|
|Close Date:||Nov 28 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||13.32 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 30 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Dec 05 2018|
Promoters And Management:
Financials of Diksha Greens Limited IPO:
|Particulars||For the year/period ended (in Rs Lacs)|
|Profit After Tax||41.45||55.05||63.78||45.99||40.33|
Recommendation on Diksha Greens Limited IPO:
Lead Manager of Diksha Greens Limited IPO:
Registrar of Diksha Greens Limited IPO:
Bid Details of Diksha Greens Limited IPO as on
28 Nov 2018 | 11:58:03 PM
|Category||No.of shares offered||No. of shares bid|
Discussion on Diksha Greens Limited IPO:
EPS post Issue
1. Total no. of Shares= 98.67 Lakh
2. PAT(FY18)= 55 Lakh
3. EPS= .55
4. P/E= 54
LM is charging 75 lakh on 12 Cr issue is very huge. I think due to IPO drought in the market, the LMs are finding hard to survive.
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