Diksha Polymers is set to debut on the BSE SME platform on Wednesday, with the grey market indicating a muted listing. The company's shares were quoting at no premium in the unofficial market, suggesting a flat debut around the issue price of Rs 112 per share. Grey market premiums are unofficial and should not be considered a reliable indicator of listing-day performance.
The Rs 17.9-crore IPO received a modest response from investors, with the issue being subscribed 2.88 times during the three-day bidding period. The retail portion was subscribed 3.14 times, while the non-institutional investor (NII) category was booked 2.63 times.
The fixed-price issue comprised an entirely fresh issue of 15.98 lakh equity shares, with the company proposing to utilise the proceeds primarily for repayment or prepayment of borrowings and general corporate purposes. Aryaman Financial Services was the book-running lead manager, while Cameo Corporate Services acted as the registrar.
Diksha Polymers manufactures PET bottles, PET containers, PET preforms and caps, which are used across industries including food and beverages, lubricants, pharmaceuticals, consumer goods and agrochemicals.
The company operates three manufacturing facilities with a combined installed capacity of 2,163 metric tonnes per annum (MTPA) for PET bottles and 1,913 MTPA for PET preforms. As of March 2026, it had 17 permanent employees.
The company reported healthy growth in FY26, with total income rising 20% year-on-year to Rs 51.27 crore, while profit after tax jumped 56% to Rs 4.12 crore.
