Diksha Greens Limited IPO (Diksha Greens IPO) Detail

Diksha Greens Limited

Diksha Greens Limited IPO (Diksha Greens IPO) Detail

ABOUT THE COMPANY:

Diksha Greens 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.

The company had got an Importer – Exporter Code (IEC) from Dy. Director General of Foreign Trade, Ministry of Commerce, Government of India and also imports wooden logs and timber from different countries like Malaysia, Vietnam, and Burma in Asia, Nigeria, Ghana and Ivory Coast in  Africa, Ecuador, Salvador, and Costa Rica in America, Solomon Island, Papua and Guinea etc.

Once wooden logs are received in India, they are transferred to the godown cum Factory located in Baidyabati, Hooghly, West Bengal from where the logs are sold in raw form as well as the sawn timber and veneer sheets are produced to suit varied customer preferences.

They have acquired a multi-commodity cold storage located at Hooghly which has a capacity of 5000 MT with two pre-cooling chambers and reefer vans towards storage of seasonal produce.

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.

Promoters And Management of Diksha Green Limited:

  1. Mr. Rajesh Pirogiwal (Designation: Managing Director)
  2. Mrs. Sunita Pirogiwal (Designation: Whole TimeDirector)
  3. Mrs. Sreejita Chowdhury (Designation: Independent Director)

Objectives of the  Diksha Green Limited  IPO:

The Objects of the IPO are to raise funds to meet:
1. Working requirements of the company- Rs 1257 lakhs
2. Issue Expenses- Rs 75 lakhs

DIKSHA GREENS LIMITED  FINANCIAL PERFORMANCE:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18 30th Sept 18
Revenue 53.00 54.24 54.22 54.46 41.82 12.56
Net Profit 0.38 0.40 0.45 0.63 0.55 0.41

Diksha Greens Limited IPO Details:

Details Info
Issue Opens on 26th November 2018
Issue Closes on:. 28th November 2018
Issue Price Rs.30
Face Value Rs.10
Minimum Lot 4000 Shares
Minimum Investment Rs.1,20,000
Issue Constitutes 45%
Issue Size Rs.13.32 cr
Market Cap Rs.29.60 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 44,40,000
Equity Shares Prior to the Issue 54,27,290
Equity Shares after the Issue 98,67,290

Company Contact Information:

Diksha Greens Limited
11 Sambhu Chaterjee Street
Jorasanko
Jorasanko Kolkata-700007
Phone: 03322198219
Fax:
Email: cs@dikshagreens.co.in
Website: http://www.dikshagreens.co.in/

Diksha Greens Limited IPO Registrar:

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India

Phone: +91-44-28460390
Fax: +91-44-28460129
Email: investor@cameoindia.com
Website: http://www.cameoindia.com

Diksha Greens Limited IPO Lead Manager:

Finshore Management Services Limited
Anandlok, Block-A, 2 nd Floor, Room No. 207,
227 A.J.C. Bose Road,
Kolkata-700020, India

Website:  http://www.finshoregroup.com
Email:  ramakrishna@finshoregroup.com
Phone: +91-33-22895101
Fax: +91-33-22895101

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