IPO

Polysil Irrigation Systems Limited IPO

NSE SME

Listed On: Feb 16, 2024 at ₹ 56.0

₹ 108000 /2000 Shares

Check Allotment
Polysil Irrigation Systems Limited IPO Details

08 Feb, 2024

Open Date

13 Feb, 2024

Close Date

14 Feb, 2024

Allotment Date

16 Feb, 2024

Listing Date

Issue Price

₹54 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

56.0

Listing Date

2024-02-16

Market Lot

2000 Shares (₹108,000/-)

Lead Manager

Fedex Securities Pvt Ltd

Issue Size

3,229,000 shares(aggregating up to ₹17.44 Cr)

Retail Portion

N/A

Subscription

6.88 times

IPO Docs

DRHP RHP


The IPO of Polysil Irrigation Systems Limited is priced at ₹54 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Polysil Irrigation Systems Limited IPO bid opening date is from Feb 8, 2024 and the bid closing date was Feb 13, 2024.
Polysil Irrigation Systems Limited IPO allotment result will be available on Feb 14, 2024. The tentative listing date for Polysil Irrigation Systems Limited is Feb 16, 2024.

The total issue size is 3,229,000 shares(aggregating up to ₹17.44 Cr).

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Polysil Irrigation Systems Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,532,0001,532,0003,064,000
Day 1 - 08-02-24 06:00 PM0.21 x1.52 x0.87 x
Day 2 - 09-02-24 06:00 PM0.40 x4.39 x2.40 x
Day 3 - 12-02-24 06:00 PM0.88 x7.40 x4.14 x
Day 4 - 13-02-24 06:00 PM2.23 x11.62 x6.88 x
Total No. of Applications: 8,898 (Approx)

Polysil Irrigation Systems Limited Valuations

EPS Pre IPO

₹1.15/-

EPS Post IPO

₹2.33/-

P/E Pre IPO

47.08

P/E Post IPO

23.13

ROE

7.39%

ROCE

12.81%

Debt/Equity

1.01

RoNW

7.39%

PAT Margin

Price to Book Value

3.48

Polysil Irrigation Systems Limited Company Financials All values are in ₹ Lakh

31-Aug-2331-Mar-2331-Mar-2231-Mar-21
Assets5,671.495,531.464,616.804,178.47
Revenue1,019.744,392.493,767.215,471.58
Profit After Tax110.31113.5333.7564.81
Net Worth1,646.021,535.711,372.061,338.31
Reserves & Surplus656.31546.001,326.561,292.82
Total Borrowing1,566.171,547.251,494.961,104.83

About The Company

Polysil Irrigation Systems Limited was incorporated in 1985, which manufactures and supplies HDPE pipes, fittings, and micro irrigation systems including drip irrigation systems and sprinkler irrigation systems, along with their own accessories and associated products under the brand name Polysil.

Its products include HDPE pipes, pipe fittings, irrigation equipment, which also includes disc filters, screen filters, hydrocyclone filters, sand filters, or gravel compression fittings, valves electrical and mechanical fertilizer tanks digital controllers pressure gages, etc.

Polysil Irrigation Systems operates in Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana. The company sells its products through institutional markets and the open market. As of August 15, 2023, the company sold its products through 9 distributors and around 425 dealers in India.

The manufacturing unit of the company is located in Vadodara, Gujarat, and covers an area of 100,000 sq.ft.

At March 31, 2023, the company had 52 people, consisting of skilled and unskilled workers, administrative staff, and the management team.

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Polysil Irrigation Systems Limited - Promoter(s)

Pre Issue Share Holding: 33.79%

Post Issue Share Holding: 29.49%

Company Promoter(s)
  1. Bharatkumar Patel
  2. Prafulbhai Radadia

Polysil Irrigation Systems Limited IPO - Issue Objectives

  1. Funding our Working Capital Requirements
  2. General Corporate Purpose

Other Details

Company Contact Details

Polysil Irrigation Systems Limited

Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara - 391780

Phone: 026 6724 4271/2

Email: secretarial@polysilirrigation.com

Website: https://polysilirrigation.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Polysil Irrigation Systems Limited IPO - FAQs

Ans. Polysil Irrigation Systems Limited IPO is a SME IPO. The issue is priced at ₹54 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Feb 8, 2024, and closes on Feb 13, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Polysil Irrigation Systems Limited IPO opens on Feb 8, 2024 and closes on Feb 13, 2024.

Ans. The size of Polysil Irrigation Systems Limited IPO is 3,229,000 shares(aggregating up to ₹17.44 Cr).

Ans. The IPO price band is set between ₹54 per equity share.

Ans. To apply for Polysil Irrigation Systems Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Polysil Irrigation Systems Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Polysil Irrigation Systems Limited IPO is Feb 14, 2024.

Ans. The Polysil Irrigation Systems Limited IPO will be listed on Feb 16, 2024.

Ans. Follow the steps to check the allotment status for Polysil Irrigation Systems Limited IPO here.