Diksha Polymers IPO, June 17 -- The initial public offering (IPO) of Diksha Polymers, engaged in the manufacturing of PET bottles, containers and performs, has opened for bidding on Wednesday, 17 June.

The issue had already crossed the halfway mark in terms of bidding, garnering 0.54 times bids as of 1.08 pm on the first day of subscription. Both the non-institutional and retail investor portions were booked over 50%.

Investors can apply for the SME IPO till Friday, 19 June.

The offer is a fixed price issue of Rs.112 per share of the face value of Rs.10 each.

The issue is entirely a fresh issue of 0.16 crore shares amounting to Rs.17.90 crore.

The company plans to use the funds raised for repayment of certain borrowings availed by th...