Diksha Polymers Limited is engaged in the business of manufacturing PET bottles/containers, PET preforms, and caps. PET containers are primarily used for the storage of beverages, oils, and various ancillary products, while PET preforms serve as a raw material for manufacturing PET containers. The manufacturing operations are carried out through three facilities located at part of Plot 33, part of 32(1), and part of 62, Industrial Area, Maharajpura, Gwalior, Madhya Pradesh, India, covering a total area of 26,879 sq. ft. As of March 31, 2025, the aggregate installed capacity stands at 2,100 MTPA for PET bottles and 1,785 MTPA for PET preforms. The Company caters to a variety of clients requiring components in different sizes and shapes, manufacturing products ranging from 8 grams to 250
Weak fundamentals and premium/expensive valuation
SME IPOs are higher risk, less liquid and more volatile than mainboard IPOs. Invest only after reading the offer document and understanding the risks.
Diksha Polymers Limited is engaged in the business of manufacturing PET bottles/containers, PET preforms, and caps. PET containers are primarily used for the storage of beverages, oils, and various ancillary products, while PET preforms serve as a raw material for manufacturing PET containers. The manufacturing operations are carried out through three facilities located at part of Plot 33, part of 32(1), and part of 62, Industrial Area, Maharajpura, Gwalior, Madhya Pradesh, India, covering a total area of 26,879 sq. ft. As of March 31, 2025, the aggregate installed capacity stands at 2,100 MTPA for PET bottles and 1,785 MTPA for PET preforms. The Company caters to a variety of clients requiring components in different sizes and shapes, manufacturing products ranging from 8 grams to 250
Strong business model in a growing sector with favorable industry drivers.
Evaluate market volatility and competitive risks.
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Overall demand
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Aryaman Financial Market Maker
Aryaman Financial Services Limited managed 90 IPOs, with 82% listed with gains.
Post-listing volume can be low. Trading takes place in large retail lots.
Top 5 customers account for more than 40% of revenues.
Scale of operations is relatively small, with minor audit flags.
Diksha Polymers Limited is engaged in the business of manufacturing PET bottles/containers, PET preforms, and caps. PET containers are primarily used for the storage of beverages, oils, and various ancillary products, while PET preforms serve as a raw material for manufacturing PET containers. The manufacturing operations are carried out through three facilities located at part of Plot 33, part of 32(1), and part of 62, Industrial Area, Maharajpura, Gwalior, Madhya Pradesh, India, covering a total area of 26,879 sq. ft. As of March 31, 2025, the aggregate installed capacity stands at 2,100 MTPA for PET bottles and 1,785 MTPA for PET preforms. The Company caters to a variety of clients requiring components in different sizes and shapes, manufacturing products ranging from 8 grams to 250
Plastic And Polymer
Promoters group
Whole-time Directors & Promoter group
| Company | P/E (x) | ROE (%) | Revenue CAGR (3Y) | EBITDA Margin (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Diksha Polymers (IPO) | 9.79x | 48.24% | -80.1% | 85.8% | -- |
| Aeron Composite | 20.7x | -- | -- | -- | ₹2.955 Cr |
| AIK Pipes | 13.88x | -- | -- | -- | ₹84 Cr |
| AVSL Industries | 94x | -- | -- | -- | ₹100.365 Cr |
| B.D. Industries | 18.83x | -- | -- | -- | ₹123.555 Cr |
| Bai Kakaji | 22.51x | -- | -- | -- | ₹486.33 Cr |
| Bhavik Enterprises | 50.16x | -- | -- | -- | ₹784.14 Cr |
| Command Polymers | 121.74x | -- | -- | -- | ₹28.875 Cr |
| Cool Caps | 16.38x | -- | -- | -- | ₹56.19 Cr |
| Deep Polymers | 22x | -- | -- | -- | ₹59.685 Cr |
| DP Wires | 20x | -- | -- | -- | ₹325.62 Cr |
| EP Biocomposites | 26.2x | -- | -- | -- | ₹12.09 Cr |
| Essen Speciality | 16.5x | -- | -- | -- | ₹177.915 Cr |
| G M | 13.25x | -- | -- | -- | ₹94.725 Cr |
| Gabriel Pet | 90.14x | -- | -- | -- | ₹13.56 Cr |
| Jyoti Global | 16.8x | -- | -- | -- | ₹140.22 Cr |
| Kaka Industries | 11.03x | -- | -- | -- | ₹237.735 Cr |
| Kshitij Polyline | 29x | -- | -- | -- | ₹40.725 Cr |
| KV Toys | 18.51x | -- | -- | -- | ₹242.4 Cr |
| L.K.Mehta Polymers | 48.95x | -- | -- | -- | ₹23.715 Cr |
| Lakhotia Polyesters | -- | -- | -- | -- | ₹10.02 Cr |
| Manas Polymers | 14.67x | -- | -- | -- | ₹189.24 Cr |
| Master Components | 32.86x | -- | -- | -- | ₹31.05 Cr |
| Mehul Colours | 13.8x | -- | -- | -- | ₹34.23 Cr |
| Mitsu Chem | 17x | -- | -- | -- | ₹133.305 Cr |
| Polysil Irrigation | 23.13x | -- | -- | -- | ₹36.72 Cr |
| Purv Flexipack | 12.93x | -- | -- | -- | ₹403.17 Cr |
| Rajshree Polypack | 15x | -- | -- | -- | ₹167.97 Cr |
| Rangoli Tradecomm | 7.83x | -- | -- | -- | ₹440.52 Cr |
| Rex Pipes | 18.43x | -- | -- | -- | ₹79.815 Cr |
| Roni Households | 181x | -- | -- | -- | ₹2.625 Cr |
| Shree Tirupati | 14x | -- | -- | -- | ₹102.66 Cr |
| Solve Plastic | 28.12x | -- | -- | -- | ₹70.74 Cr |
| Srigee DLM | 11.43x | -- | -- | -- | ₹108.675 Cr |
| Technopack Polymers | 10.54x | -- | -- | -- | ₹21.69 Cr |
| Vera Synthetic | -- | -- | -- | -- | ₹29.13 Cr |
| Vigor Plast | 16.28x | -- | -- | -- | ₹68.355 Cr |
| Yug Decor | 44x | -- | -- | -- | ₹26.58 Cr |
Good / Improving metrics, margins and cash flows with comfortable leverage.
| Financial Year | Revenue (₹ Cr) | EBITDA Margin (%) | PAT (₹ Cr) | ROCE (%) | ROE (%) | Debt / Equity (x) |
|---|---|---|---|---|---|---|
| FY24 | ₹19.72 Cr | 9.18% | ₹1.01 Cr | 26.54% | 57.06% | 2.53x |
| FY25 | ₹42.72 Cr | 11.05% | ₹2.63 Cr | 23.52% | 59.77% | 4.08x |
| FY26 | ₹8.52 Cr | 85.80% | ₹4.11 Cr | 28.09% | 48.24% | 1.77x |
Aryaman Financial Services Limited, based in New Delhi is the Lead Manager (BRLM) of Diksha Polymers IPO. Aryaman Financial Services Limited has handled 90 SME IPOs till date of which (82%) of the SME IPOs have been listed with listing gains. Read full review of Aryaman Financial Services Limited .
| Name | Offer Price | Listing Price | Listing Gain | CMP | % CMP |
|---|---|---|---|---|---|
| Bai Kakaji IPO | ₹186.00 | ₹180.50 | -2.96% | ₹197.00 | +6.00% |
| KV Toys IPO | ₹239.00 | ₹320.00 | +33.89% | ₹254.00 | +6.00% |
| Manas Polymers IPO | ₹81.00 | ₹153.90 | +90.00% | ₹43.00 | -47.00% |
| Bhavik Enterprises IPO | ₹140.00 | ₹143.00 | +2.14% | ₹155.00 | +11.00% |
| Vigor Plast IPO | ₹81.00 | ₹85.00 | +4.94% | ₹87.00 | +7.00% |
| Jyoti Global IPO | ₹66.00 | ₹65.90 | -0.15% | ₹38.00 | -43.00% |
| Mehul Colours IPO | ₹72.00 | ₹85.00 | +18.06% | ₹67.00 | -7.00% |
| B.D. Industries IPO | ₹108.00 | ₹108.00 | +0.00% | ₹113.00 | +4.00% |
| Srigee DLM IPO | ₹99.00 | ₹188.10 | +90.00% | ₹82.00 | -17.00% |
| L.K.Mehta Polymers IPO | ₹71.00 | ₹71.10 | +0.14% | ₹43.00 | -39.00% |
| Aeron Composite IPO | ₹125.00 | ₹157.50 | +26.00% | ₹85.00 | -32.00% |
| Solve Plastic IPO | ₹91.00 | ₹107.10 | +17.69% | ₹19.00 | -80.00% |
| Purv Flexipack IPO | ₹71.00 | ₹247.00 | +247.89% | ₹53.00 | -26.00% |
| Polysil Irrigation IPO | ₹54.00 | ₹54.25 | +0.46% | ₹135.00 | +149.00% |
| Gabriel Pet IPO | ₹101.00 | ₹120.75 | +19.55% | ₹98.00 | -3.00% |
| AIK Pipes IPO | ₹89.00 | ₹105.00 | +17.98% | ₹23.00 | -74.00% |
| Master Components IPO | ₹140.00 | ₹140.20 | +0.14% | ₹360.00 | +157.00% |
| Kaka Industries IPO | ₹58.00 | ₹115.71 | +99.50% | ₹177.00 | +205.00% |
| Essen Speciality IPO | ₹107.00 | ₹140.00 | +30.84% | ₹118.00 | +10.00% |
| Command Polymers IPO | ₹28.00 | ₹26.75 | -4.46% | ₹24.00 | -13.00% |
| Technopack Polymers IPO | ₹55.00 | ₹77.70 | +41.27% | ₹15.00 | -74.00% |
| EP Biocomposites IPO | ₹126.00 | ₹168.25 | +33.53% | ₹104.00 | -18.00% |
| Cool Caps IPO | ₹38.00 | ₹37.65 | -0.92% | ₹28.00 | -27.00% |
| Rex Pipes IPO | ₹26.00 | ₹26.80 | +3.08% | ₹183.00 | +605.00% |
| Rangoli Tradecomm IPO | ₹207.00 | ₹211.00 | +1.93% | ₹1.00 | -99.00% |
| G M IPO | ₹159.00 | ₹167.50 | +5.35% | ₹71.00 | -55.00% |
| Roni Households IPO | ₹20.00 | ₹20.50 | +2.50% | ₹44.00 | +122.00% |
| Kshitij Polyline IPO | ₹35.00 | ₹35.95 | +2.71% | ₹6.00 | -12.00% |
| Rajshree Polypack IPO | ₹120.00 | ₹116.60 | -2.83% | ₹19.00 | -68.00% |
| Deep Polymers IPO | ₹40.00 | ₹40.90 | +2.25% | ₹39.00 | -3.00% |
| Vera Synthetic IPO | ₹40.00 | ₹44.30 | +10.75% | ₹68.00 | +69.00% |
| Shree Tirupati IPO | ₹40.00 | ₹43.05 | +7.63% | ₹498.00 | +1146.00% |
| DP Wires IPO | ₹75.00 | ₹75.00 | +0.00% | ₹176.00 | +135.00% |
| Yug Decor IPO | ₹26.00 | ₹26.10 | +0.38% | ₹24.00 | -9.00% |
| AVSL Industries IPO | ₹36.00 | ₹36.00 | +0.00% | ₹120.00 | +233.00% |
| Mitsu Chem IPO | ₹95.00 | ₹96.20 | +1.26% | ₹158.00 | +67.00% |
| Lakhotia Polyesters IPO | ₹35.00 | ₹35.00 | +0.00% | ₹64.00 | +81.00% |
Subscription Trend (Times)
GMP Trend (₹)
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