Diksha Greens Ltd

Diksha Greens

About the Company:

Diksha Greens Ltd is engaged in the business of trading in timber, wooden logs, sawn timber as well as manufacturing of veneer sheets.

Company imports the wooden logs and timber from countries such as 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.

After getting rich experience in timber business, in the year 2018, the promoters of the company decided to go for further expansion cum diversion of business activity.

Having seen the potential of Agri market, the company acquired a state of art multi commodity cold storage located at Hooghly, West Bengal, India having capacity of 5000 MT towards storage of seasonal produce from various parts of the country and abroad.

Activities of the Company:

  • Trading in wooden Logs and Timber.
  • Operation of Saw Mill.
  • Manufacturing of Veneer sheets.
  • Multi-Commodity Cold Storage.


Details about Cold Storage Business:

Cold Storage facility has a capacity of 5000 MT .The total land area is 6.22 acres. The Cold Storage is built on an area of around 3983.98 Sqmt.

Currently, company is providing cold storage facilities for storage of different kind of fruits and vegetables from traders/farmers for a fixed rent.

Apart from the above rental incomes earned from cold storage activities, they are also planning to be involved in the trading of fruits, vegetables, Dry Fruits, Egg, Fish and Spices.

The company is also planning to import the following items from different countries like
-Dates from Iraq Saudi Arabia
-Almonds and Cloves from California and Walnut from Russia.


Management Team:

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


Objectives of the Issue:

  • To meet the working requirement of the company
  • To meet the Issue Expenses.


Financials of the Company:

(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


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Diksha Greens Limited 10 1.01 229.70 4.83% 21.02
Greenply Industries Ltd 1 11.4 12.3 16.4% 74.6


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


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.01 29.70 4.83% 21.02


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Prince Pipes & Fittings Ltd Angel Broking Ltd
Anand Rathi Wealth Services Ltd Senco Gold Ltd
Polycab India Ltd Harsha Engineers Ltd
Mrs. Bectors Food Specialities Ltd


Company Contact Info:
Diksha Green Limited
11Sambhu Chatterjee Street,
2nd Floor, Room no: 7
Jorasanko Kolkata-700007
Telephone: 033 – 22198219
Email id: info@dikshagreens.co.in
Website: www.dikshagreens.co.in


IPO Registrar Info:
Cameo Corporate Services Limited
“Subramanian Building”, #1,
Club House Road, Chennai – 600 002, India
Telephone: +91-44-40020700, 28460390
Facsimile: +91-44-28460129
Email: investor@cameoindia.com
Website: www.cameoindia.com


Lead Manager to the Issue:
Anandlok”, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal
Tel No.: +91 – 33 – 22895101
Investor Grievance Email: info@finshoregroup.com
Website: www.finshoregroup.com