Diksha Greens IPO Review (Date, Price, DRHP)

Diksha Greens IPO Review

Diksha Greens Limited is engaged in the business of trading in timber, wooden logs, sawn timber as well as manufacturing of veneer sheets. It is mainly Kolkata based company. Today, we will be going to focus on Diksha Greens IPO Review.

Diksha Greens Limited IPO Review Issue Details :

  • IPO Opens on – November 26, 2018.
  • IPO Closes on – November 28, 2018.
  • Issue Type – Fixed Price Issue IPO.
  • Face Value – Rs.10 per Equity Share.
  • Issue Price – Rs. 30 Per Equity Share.
  • Min Order Quantity – 4000 shares.
  • Market Lot – 4000 shares.
  • Issue Size – 4,440,000 Equity Shares of Rs. 10 aggregating up to Rs. 13.50 Cr.
  • Listing Exchange At – BSE SME Exchange.
  • Draft Prospectus – Click Here.

Objectives of the issue of the Company :

  • The objectives of the issue are working requirement of this company.
  • To meet the expenses of issue of Diksha Greens Limited.

About The Company –

  • Diksha Greens Limited was incorporated in 2004.
  • This company imports the wooden logs and timber from countries likes 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.
  • Diksha Greens Limited is transferred to the godown cum Factory located in Baidyabati, Hooghly, West Bengal.
  • This company’s logs are sold in raw form as well as the sawn timber and veneer sheets are produced to suit varied customer preferences.
  • In the Agri market, Diksha Greens Limited acquired a state of art multi-commodity cold storage located at Hooghly, West Bengal, India.
  • This company having a capacity of 5000 MT towards storage of seasonal produce from various parts of the country and abroad.
  • 2 group companies, Diksha Exim Private Limited, and Wizard Vincom Private Limited merged with Diksha Timber Private Limited for better economies of scale as well as better compliance.
  • Diksha Greens Limited has a total land area is 6.22 acres.
  • This company’s Cold Storage is built on an area of around 3983.98 Sqmt.
  • Diksha Greens Limited is providing cold storage facilities for storage of different kind of fruits and vegetables from traders/farmers for a fixed rent.
  • This company is also planning to import the items from different countries like
  1. Dates from Iraq Saudi Arabia.
  2. Almonds and Cloves from California and Walnut from Russia.

Location :

Diksha Greens Limited –
11, Sambhu Chatterjee Street

Phone : +91 033 22198219
Email: [email protected]
Website : www.dikshagreens.co.in

The promoter of Diksha Greens Limited :

  • Mr. Rajesh Pirogiwal is the Promoter and Managing Director of this company.
  • Mrs. Sunita Pirogiwal is the Promoter and Whole Time Director of this company.
  • Ms. Tanvi Pirogiwal is the Promoter and Non-Executive Director of this company.

The Board of Directors of this company :

  • Mr. Rajesh Pirogiwal is the Promoter and Managing Director of this company.
  • Mrs. Sunita Pirogiwal, aged 48 years, is the Promoter and Whole Time Director of this company.
  • Mr. Vikash Kedia, aged 37 years, is the Independent and Non-Executive Director of this Company.
  • Ms. Sreejita Chowdhury, aged 35 years, is the Independent and Non-Executive Director of this Company.
  • Ms. Tanvi Pirogiwal, aged 26 years, is Non-Executive Director of this company.

Competitive Strengths of Diksha Greens Limited :

  • Good Knowledge of the market and regulatory environment of Diksha Greens Limited –

Diksha Greens Limited believe that they have good knowledge of the market and regulatory environment that assists us in identifying opportunities in this region. This company is already dealing with timber products for more than one decade.

  • Experienced Management and Promoter of this company –

This company is managed by a team of experienced personnel exclusively focused on different aspects of their business operations. This experience and industry relations allow us to deliver end to end solution and hence ensure effective handling of client requirements. Diksha Greens Limited believe that their management team’s experience and their understanding of the business will enable to continue to take advantage of both current and future market opportunities.

  • Quality Assurance of Diksha Greens Limited –

Diksha Greens Limited is dedicated to the quality of their products which has helped to maintain long-term relations with their customers and has also facilitated us to entrench with new customers.

  • Leveraging Diksha Greens Limited’s Market Skills and Relationships –

This is a continuous process in Diksha Greens Limited’s organization and the skill that they impart in their people give importance to customers. This company’s aim to do this by leveraging their marketing skills and relationships and further enhancing customer satisfaction.

  • Established a relationship with customers and employees of this company –

As an established entity, in various aspects of the industry in India, this company believe that they have managed to create, maintain and build their goodwill with customers.

Business Strategies for this company :

  • Diksha Greens Limited’s main focus on Enhancing the Project Execution Capabilities.
  • One of the business strategies of this company is enhancing operating effectiveness and efficiency.
  • Diksha Greens Limited continues to build-up a professional organization.
  • The business strategies of this company are capturing the high growth opportunities in agriculture and organic farming etc.

Company Financials :

Diksha Greens IPO

Diksha Greens Limited IPO Review:

The above financial attachment is the mini profit-loss statement of the company. It reflects quite a poor and static performance of the company financials. Now, without any delay, let’s focus on the company prospectus. From the DRHP (Draft Red Herring Prospectus) we come to know about various fundamental ratios of the company. As per the financial year 2017-18, the basic and diluted EPS (Earnings Per Share) stands at the level of 11.16. Let’s have a look at the price to earnings ratio of the company. In FY 2018, the P/E ratio is 2.69 (Based on the basic and diluted EPS). RoNW and NAV/Share of the company are 4.83 and 21.02 respectively. Hence, based on our analysis, Diksha Greens IPO Review carries a NEGATIVE view. It is advisable to avoid the particular IPO or invest at your own risk.

Diksha Greens IPO Review (Date, Price, DRHP)

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