Polysil Irrigation Systems Limited IPO
NSE SMEListed On: Feb 16, 2024 at ₹ 56.0
₹ 108000 /2000 Shares
Check Allotment08 Feb, 2024
Open Date13 Feb, 2024
Close Date14 Feb, 2024
Allotment Date16 Feb, 2024
Listing DateIssue Price
₹54 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
56.0Listing Date
2024-02-16Market Lot
2000 Shares (₹108,000/-)Lead Manager
Fedex Securities Pvt LtdIssue Size
3,229,000 shares(aggregating up to ₹17.44 Cr)Retail Portion
N/ASubscription
6.88 timesPolysil Irrigation Systems Limited IPO Details
Polysil Irrigation Systems Limited IPO is an SME IPO, priced at ₹54 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 32,28,000 equity shares, aggregating up to ₹17.43 crores..
The IPO bidding window is open from Feb 8, 2024 to Feb 13, 2024. The allotment is expected to be finalized on Feb 14, 2024, and the tentative listing date is Feb 16, 2024.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,08,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,16,000.
Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Market-Hub Stock Broking Private Limited will act as the market maker for this issue.
Polysil Irrigation Systems Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,532,000 | 1,532,000 | 3,064,000 |
| Day 1 - 08-02-24 06:00 PM | 0.21 x | 1.52 x | 0.87 x |
| Day 2 - 09-02-24 06:00 PM | 0.40 x | 4.39 x | 2.40 x |
| Day 3 - 12-02-24 06:00 PM | 0.88 x | 7.40 x | 4.14 x |
| Day 4 - 13-02-24 06:00 PM | 2.23 x | 11.62 x | 6.88 x |
Polysil Irrigation Systems Limited Valuations
EPS Pre IPO
₹1.15/-EPS Post IPO
₹2.33/-P/E Pre IPO
47.08P/E Post IPO
23.13ROE
7.39%ROCE
12.81%Debt/Equity
1.01RoNW
7.39%PAT Margin
Price to Book Value
3.48Polysil Irrigation Systems Limited Company Financials All values are in ₹ Lakh
| 31-Aug-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|---|
| Assets | 5,671.49 | 5,531.46 | 4,616.80 | 4,178.47 |
| Revenue | 1,019.74 | 4,392.49 | 3,767.21 | 5,471.58 |
| Profit After Tax | 110.31 | 113.53 | 33.75 | 64.81 |
| Net Worth | 1,646.02 | 1,535.71 | 1,372.06 | 1,338.31 |
| Reserves & Surplus | 656.31 | 546.00 | 1,326.56 | 1,292.82 |
| Total Borrowing | 1,566.17 | 1,547.25 | 1,494.96 | 1,104.83 |
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.
Polysil Irrigation Systems Limited - Promoter(s)
Pre Issue Share Holding: 33.79%
Post Issue Share Holding: 29.49%
- Bharatkumar Patel
- Prafulbhai Radadia
Polysil Irrigation Systems Limited IPO - Issue Objectives
- Funding our Working Capital Requirements
- General Corporate Purpose
Other Details
Polysil Irrigation Systems Limited
Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara - 391780Phone: 026 6724 4271/2
Email: secretarial@polysilirrigation.com
Website: https://polysilirrigation.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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.
