| Basis of Allotment |
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THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA. |
| DIKSHA POLYMERS LIMITED | |
| Corporate Identity Number is U25202MP1998PLC012664 |
Our company was originally incorporated on March 03, 1998, under the name and style of "Vijay Pet Plast India Private Limited" under the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh bearing Registration number 012664. Subsequently, the name of our company was changed to "Diksha Polymers Private Limited" vide Special Resolution dated February 07, 2000 and a fresh certificate of incorporation was issued on February 16, 2000 by the Registrar of Companies, Madhya Pradesh. Thereafter, the status of the Company was changed to Public Limited and the name of our Company was changed to "Diksha Polymers Limited" vide Special Resolution dated March 06, 2024 and a fresh certificate of incorporation consequent to conversion was issued on June 18, 2024 by Central Registration Centre, Haryana. The Corporate Identification Number of our Company is U25202MP1998PLC012664. Pursuant to a Business Transfer Agreement dated September 18, 2024, our Company has taken over the going concern business of M/s. Diksha Packaging, a sole proprietorship of Mrs. Anjana Mandelia. For further details, please refer the chapter "History and Certain Corporate Matters" on page no. 115 of the Prospectus.
| Registered Office: B-33, Maharajpura industrial Area, Maharajpura A.F., Gwalior, Gird, Madhya Pradesh, India, 474020 Tel No.: +91 89669 66666; Email: info@dikshagroup.in Website: www.dikshagroup.in Contact Person: Chanchal Gaur, Company Secretary and Compliance Officer. |
| OUR PROMOTERS: VIVEK MANDELIA, VIPIN MANDELIA, HEMLATA MANDELIA, ANJANA MANDELIA AND RIDDHI MAN DELIA |
| "The Issue is being made in accordance with Regulation 281 of Chapter IX of SEBI ICDR Regulations, 2018 (IPO of Small and Medium Enterprises) and the Equity Shares are proposed to be listed on the SME Platform of BSE Limited ("BSE"). |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFER OF 15,98,400 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") OF DIKSHA POLYMERS LIMITED ("DPL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS. 112 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 1,790.21 LAKHS ("THE ISSUE"), OF WHICH 81,600 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY AGGREGATING MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THAN THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,16,800 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.76% AND 29.19% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY
| FIXED PRICE ISSUE AT RS. 112/- PER EQUITY SHARE OF FACE VALUE OF RS. 10.00/- EACH |
| THE ISSUE PRICE IS 11.2 TIMES OF THE FACE VALUE MINIMUM APPLICATION SIZE OF 2400 EQUITY SHARES AND IN MULTIPLES OF 1200 EQUITY SHARES THEREAFTER |
| ISSUE PERIOD | ISSUE OPENED ON: WEDNESDAY, JUNE 17, 2026 |
| ISSUE CLOSED ON: FRIDAY, JUNE 19, 2026 |
| RISKS TO INVESTORS |
1. We derive a significant portion of our revenue from the sale of PET plastics bottles and PET Preforms and any reduction in demand or in the manufacturing of such products could have an adverse effect on our business, results of operations and financial condition.
2. We are dependent on a few suppliers for supply of raw materials and any major disruption to the timely and adequate supplies of our raw materials could adversely affect our business, results of operations and financial condition.
3. Our company is significantly dependent on few customers for our revenue in a particular financial year. The loss of any one or more of such customers may have a material effect on our business operations and profitability.
4. Trade Receivables, Inventories and other current assets form a substantial part of our Total Assets. Failure to manage our trade receivables and inventories could have an adverse effect on our net sales, profitability, cash flow and liquidity.
5. Our business is dependent on operating of our manufacturing facilities, which is concentrated in a single region i.e. Gwalior, Madhya Pradesh, hence we face geographical concentration related risks. Further, the loss or shutdown of our facilities could have a material adverse effect on our business, financial condition and results of operations.
6. The leasehold rights in certain properties used by our Company are yet to be transferred in our name and any delay or failure in effecting such transfer may adversely affect our operations.
7. Our Company may have potential Conflicts of interest with our Promoter Group Entity/ Company as they are engaged in similar line of business.
8. Our premises are not owned by us and we have only leasehold rights over such premises. In the event we lose such rights or are required to negotiate it, our cash flows, business, financial conditions and results of operations could be adversely affected.
9. Our Company, its Promoters, its Directors and our Group Company are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
10. Majority of our purchases is from Related Parties in the past i.e F.Y 2023-24 and F.Y 2024-25. We may continue to enter in such transaction in future.
11. The average cost of acquisition of Equity Shares by our Promoters is as follows
| Sr. No. | Name of the Promoters | Average cost of Acquisition (in Rs.) |
| 1. | Mr. Vivek Mandelia | 1.11 |
| 2. | Mr. Vipin Mandelia | 1.11 |
| 3. | Mrs. Hemlata Mandelia | 1.11 |
| 4. | Mrs. Anjana Mandelia | 1.11 |
| 5. | Ms. Riddhi Mandelia | 1.11 |
Weighted Average Cost of Acquisition calculated (on fully diluted basis for the trailing eighteen months) from the date of the Prospectus.
| Types of transactions | Weighted average cost of acquisition (Rs. per Equity Shares) | IPO Issue Price (Rs. 12/- per Equity Share) |
| WACA of Primary/ New issue* | NA | NA |
| WACA of Secondary sale/ acquisition** | NA | NA |
*Excluding the shares issued under issuance of bonus shares
**Excluding the shares acquired / sold for minimum requirement of 7 shareholders before the conversion from Private Limited to Public Limited.
| Investors are required to refer section Investors are required to refer section titled "Risk Factors" on page 19 of the Prospectus. |
| PROPOSED LISTING: WEDNESDAY, JUNE 24, 2026 |
The Issue is being made in terms with Regulation 281 of Chapter IX of the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended ("SEBI (ICDR) Regulations"). This issue is a fixed price issue and allocation in the Net Issue to the public is made in terms of Regulation 253 of the SEBI (ICDR) Regulations. For further details, please refer chapter titled "Issue Procedure" beginning on page 206 of the Prospectus.
*Subject to the receipt of listing and trading approval from BSE Limited ("BSE").
| SUBSCRIPTION DETAILS |
The Issue has received 1514 applications for 4453200 Equity Shares resulting in 2.79 times subscription. The details of the applications received in the Net Issue (After removing multiple and duplicate bids, bids (UPI Mandates) not accepted by investors/ blocked, bids rejected under application banked but bid not registered and valid rejections cases from the 'Bid Book') are as follows:
Detail of the Valid Applications Received
| S.N. | Category | No. of Applications | No. of Equity Shares Applied | Equity Shares available for Allotment | No. of times subscribed |
| 1. | Market Maker | 1 | 81600 | 81600 | 1.00 |
| 2. | Non-Institutional Investor's | 522 | 1993200 | 691200 | 2.88 |
| 3. | Individual Investors | 991 | 2378400 | 825600 | 2.88 |
| Total | 1514 | 4453200 | 1598400 |
The Basis of allotment was finalized in consultation with the Designated Stock Exchange, being BSE Limited (BSE) on June 22, 2026 as per Regulation 253(2) of the SEBI (ICDR) Regulation, 2018.
1. Allotment to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 112 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 81,600 Equity Shares. The category-wise details of the Basis of Allotment are as under:
| No. of Shares Applied for (Category Wise) | No. of Applications Received | % to Total | Total No. of Shares Applied in Each Category | % to Total | No of Equity shares Allocated per Applicant | Ratio | Ratio | Total No. of Shares Allotted |
| 81600 | 1 | 100.00 | 81600 | 100.00 | 81600 | 1 | 1 | 81600 |
2. Allotment to Non-Institutional Investor's (After Technical Rejections): The Basis of Allotment to the Non - Institutional Investors, at the Issue Price of Rs. 112 per Equity Share, was finalised in consultation with BSE Limited. The total number of shares allocated in this category is 6,91,200 Equity Shares and after that the category was subscribed by 2.88 times. The category-wise details of the Basis of Allotment are as under (sample basis):
| Sr. No. | No. of Shares Applied for (Category wise) | No. of Applications received | % to total | Total No. of Equity Shares applied in this Category | % to total | Proportionate Shares available | Allocation per Applicant | Ratio of allotees to applicants | No. of successful applicants (after rounding off) | % of total | Total No. of shares allocated/ allotted | % of total | Surplus/ Deficit (7)-(14) | ||
| Before Rounding off | After Rounding off | ||||||||||||||
| 1 | 3600 | 499 | 95.59 | 1796400 | 90.13 | 660744.83 | 1324.14 | 3600 | 184 | 499 | 184 | 95.83 | 662400 | 95.83 | 1655.17 |
| 2 | 4800 | 5 | 0.96 | 24000 | 1.20 | 6620.69 | 1324.14 | 3600 | 2 | 5 | 2 | 1.04 | 7200 | 1.04 | 579.31 |
| 3 | 6000 | 1 | 0.19 | 6000 | 0.30 | 1324.14 | 1324.14 | 3600 | 0 | 0 | 0 | 0.00 | 0 | 0.00 | -1324.14 |
| 4 | 7200 | 3 | 0.57 | 21600 | 1.08 | 3972.41 | 1324.14 | 3600 | 1 | 3 | 1 | 0.52 | 3600 | 0.52 | -372.41 |
| 5 | 8400 | 1 | 0.19 | 8400 | 0.42 | 1324.14 | 1324.14 | 3600 | 0 | 0 | 0 | 0.00 | 0 | 0.00 | -1324.14 |
| 6 | 9600 | 12 | 2.30 | 115200 | 5.78 | 15889.66 | 1324.14 | 3600 | 5 | 12 | 5 | 2.60 | 18000 | 2.60 | 2110.34 |
| 7 | 21600 | 1 | 0.19 | 21600 | 1.08 | 1324.14 | 1324.14 | 3600 | 0 | 0 | 0 | 0.00 | 0 | 0.00 | -1324.14 |
| GRAND TOTAL | 522 | 100.00 | 1993200 | 100.00 | 691200.00 | 192 | 100.00 | 691200 | 100.00 | 0.00 | |||||
3. Allotment to Individual Investors (After Technical Rejections): The Basis of Allotment to the Individual Investors, at the Issue Price of Rs. 112 per Equity Share, was finalised in consultation with BSE Limited. The total number of shares allocated in this category is 8,25,600 Equity Shares and after that the category was subscribed by 2.88 times. The category-wise details of the Basis of Allotment are as under:
| Sr. No, | No. of Shares Applied for (Category wise) | No. of Applications received | % to total | Total No. of Equity Shares applied in this Category | % to total | Proportionate Shares available | Allocation per Applicant | Ratio of allotees to applicants | No. of successful applicants (after rounding off) | % of total | Total No. of shares allocated/ allotted | % of total | Surplus/ Deficit (7)-(14) | ||
| Before Rounding off | After Rounding off | ||||||||||||||
| 1 | 2400 | 991 | 100.00 | 2378400 | 100.00 | 825600.00 | 833.09 | 2400 | 344 | 991 | 344 | 100.00 | 825600 | 100.00 | 0.00 |
| GRAND TOTAL | 991 | 100.00 | 2378400 | 100.00 | 825600.00 | 344 | 100.00 | 825600 | 100.00 | 0.00 | |||||
The Board of Directors of the Company at its meeting held on June 22, 2026, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The CAN- cum-allotment advices and/or notices will forward to the Email Id's and address of the applicants as registered by the depositories/ as filed in the application form on or before June 23, 2026. Further, the instructions to Self-Certified Syndicate Banks were being processed on June 22, 2026. In case the same is not received within ten days, investors may contact the Registrar to the issue at the address given below. The Equity Shares allocated to successful applicants shall be uploaded on June 23, 2026 for credit into the respective beneficiary accounts subject to validation of the account details with depositories concerned. The Company is in the process of obtaining approval from BSE Limited and the trading of the equity shares is expected to commence trading on June 24, 2026.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated June 11, 2026 ("Prospectus").
| INVESTOR PLEASE NOTE |
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Cameo Corporate Services Limited at Website: www.cameoindia.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Bidder Serial number of the ASBA Form, Number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted and copy of the acknowledgement Slip received from the Designated Intermediary and payment details at the address given below:
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Cameo Corporate Services Limited |
| Subramanian Building, No. 1, Club House Road, Chennai - 600 002. | |
| Tel.: +91 - 44-40020700 (5 Lines) E-mail: priya@cameoindia.com Investor Grievance Email: investor@cameoindia.com | |
| Website: www.cameoindia.com Contact Person: K. Sreepriya SEBI Registration. No.: INR000003753 |
| For Diksha Polymers Limited | |
| On behalf of the Board of Directors | |
| Sd/- | |
| Vivek Mandelia | |
| Date: June 24, 2026 | Chairman and Managing Director |
| Place: Gwalior | DIN: 00680654 |
LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF DIKSHA POLYMERS LIMITED.
Declaimer: Diksha Polymers Limited has filled the Prospectus dated June 11, 2026 with the Registrar of Companies, Madhya Pradesh, SEBI and the Stock Exchange. The Prospectus is available on the website of the Lead Manager at www.afsl.co.in and Company at www.dikshagroup.in and shall also be available on the website of the BSE and SEBI. Investors should note that investment in Equity Shares involves a high risk and for the details relating to the issue, please see "Risk Factors" beginning on page 19 of the Prospectus.
The Equity Shares have not been and will not be registered under the U.S. Securities Act 1933, as amended (the "Securities Act") or any state securities laws in the United States and unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being issued and sold outside the United States in 'offshore transactions' in reliance on Regulation under the Securities Act and applicable laws of each jurisdiction where such Issue and sales are made. There will be no public issuing in the United States.
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