Polysil Irrigation Systems Limited IPO
Polysil Irrigation Systems Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹54 per share. The stock debuted at ₹56, delivering a listing gain of 3.7%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,08,000.
Polysil Irrigation Systems Limited IPO
- IPO Dates
- Feb 8, 2024 – Feb 13, 2024
- Price band
- ₹54 per equity share
- Minimum Investment
- ₹1,08,000
- Issue size
- ₹17.43 Cr
- Lot size
- 2000
- Allotment Date
- Feb 14, 2024
- Listing
- Feb 16, 2024
- Listing At
- NSE SME
IPO timeline
-
Feb 8, 2024
Open Date
Completed
-
Feb 13, 2024
Close Date
Completed
-
Feb 14, 2024
Allotment Date
Completed
-
Feb 16, 2024
Listing Date
Completed
Polysil Irrigation Systems Limited IPO Essentials
Polysil Irrigation Systems Limited IPO Details
Polysil Irrigation Systems Limited IPO is priced at ₹54 per share with a total issue size of 17.43 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹54 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,229,000 shares(aggregating up to ₹17.44 Cr)
- Total issue size
- 32,28,000 shares
(aggregating up to ₹17.43 crore) - Fresh issue
- 14,44,000 shares
(aggregating up to ₹7.8 crore) - Offer for sale (OFS)
- 17,84,000 shares
(aggregating up to ₹9.63 crore) - Listing at
- NSE SME
- List price
- 56.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Fedex Securities Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,08,000 |
| Retail(max) | 1 | 2000 | ₹1,08,000 |
| NII (min) | 2 | 4,000 | ₹2,16,000 |
Polysil Irrigation Systems Limited IPO Reservation
Polysil Irrigation Systems Limited IPO reservation details show category-wise allocation of shares. Out of the total 32,28,000 shares, approximately 47.46% for retail investors, and 5.08% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 1,64,000 (5.08%) | |
| Retail Shares Offered | 15,32,000 (47.46%) | |
| Total Shares Offered | 32,28,000 (100%) |
Polysil Irrigation Systems Limited IPO Analytics
Polysil Irrigation Systems Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Polysil Irrigation Systems Limited IPO Subscription Status
Polysil Irrigation Systems Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹1.15/-
- EPS Post IPO
- ₹2.33/-
- P/E Pre IPO
- 47.08
- P/E Post IPO
- 23.13
Returns
- ROE
- 7.39%
- ROCE
- 12.81%
- RoNW
- 7.39%
Fundamentals
- Debt / Equity
- 1.01
- Price / Book
- 3.48
Polysil Irrigation Systems Limited Financials( In Lakhs)
| 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 |
Polysil Irrigation Systems Limited Company & Offer Insights
About Polysil Irrigation Systems Limited
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)
Bharatkumar Patel, Prafulbhai Radadia are the company's promoters of Polysil Irrigation Systems Limited.
Polysil Irrigation Systems Limited IPO Issue Objectives
- •
- Funding our Working Capital Requirements
- •
- General Corporate Purpose
Polysil Irrigation Systems Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Polysil Irrigation Systems Limited | 1.15 | 1.15 | 15.53 | 47.08 | 7.39 | 3.48 | Consolidated |
| Captain Polyplast Ltd | 1.18 | 1.18 | 14.36 | 43.93 | 7.79 | N/A | Consolidated |
| R M Drip And Sprinklers Systems Limited | 0.04 | 0.04 | 19.04 | 2587.5 | 0.23 | N/A | Standalone |
| Texmo Pipes & Products Ltd. | 0.39 | 0.39 | 64.01 | 228.59 | 0.6 | N/A | Consolidated |
| Jain Irrigation Systems Ltd. | 13.33 | 13.08 | 87.43 | 4.91 | 18.39 | N/A | Consolidated |
Notes:
- The figures for Polysil Irrigation Systems Limited are based on the Restated Financial Statements for the period ended March 31, 2023.
- The figures for the peer group are for the year ended March 31, 2023, and are based on their respective consolidated financial statements filed with the Stock Exchange.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
- The P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on August 28, 2023, sourced from the website of the Stock Exchange and divided by the Basic/Diluted EPS as applicable.
- RoNW is computed as net profit after tax, as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
Contact Information
Contact Details
Polysil Irrigation Systems Limited
026 6724 4271/2
secretarial@polysilirrigation.com
https://polysilirrigation.com/
Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara - 391780
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Polysil Irrigation Systems Limited IPO is a Fixed Priced IPO worth ₹17.43 crore. The issue price is ₹54 per share (fixed price). The IPO opens on Feb 8, 2024 and closes on Feb 13, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of Polysil Irrigation Systems Limited IPO is ₹54 per share (fixed price).
The lot size of Polysil Irrigation Systems Limited IPO is 2000 shares.
The minimum investment for Polysil Irrigation Systems Limited IPO is approximately ₹1,08,000 based on the issue price .
Polysil Irrigation Systems Limited IPO opens on Feb 8, 2024 and closes on Feb 13, 2024.
The allotment date of Polysil Irrigation Systems Limited IPO is Feb 14, 2024.
Polysil Irrigation Systems Limited IPO is expected to be listed on Feb 16, 2024, on NSE SME Platform.
Polysil Irrigation Systems Limited IPO valuation snapshot: P/E 23.13, EPS ₹2.33/-, P/B 3.48, RoNW 7.39%, and market cap N/A.
To apply for Polysil Irrigation Systems Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Polysil Irrigation Systems Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Polysil Irrigation Systems Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Polysil Irrigation Systems Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Polysil Irrigation Systems Limited IPO allotment status on IPO Ji for quick and easy access.