Polysil Irrigation Systems Limited IPO is an NSE SME IPO. They are going to raise ₹17.44 Crores via IPO. The issue is priced at ₹54 to ₹54 per equity share. The IPO is to be listed on NSE.
Polysil Irrigation Systems Limited IPO opens for subscription on February 08, 2024, and closes on February 13, 2024. The allotment for the Polysil Irrigation Systems Limited IPO is expected to be finalized on February 14, 2024. Wise Travel India Limited IPO will list on NSE SME with tentative listing date fixed as Friday, February 16, 2024.
The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.
| Polysil Irrigation Systems Limited | NSE SME |
| Minimum Investment ₹108,000 /1 Lot (2000 shares) | Price Range ₹54-₹54 | |
| Max Quantity 1 Lots/2000 Shares | Max Investment ₹108,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 17.44 Cr | Employee Discount ₹0 |
| Total Issue Size 3,229,000 Shares (aggregating up to ₹17.44 Cr) | Share Holding Pree Issue 9,897,090 | Issue Type Fixed price Issue IPO |
| Fresh Issue Share 1,444,000 Shares (aggregating up to ₹7.80 Cr) | Share Holding Post Issue 11,341,090 | Listing At NSE SME |
| Offer for Sale 1,785,000 Shares of ₹10 (aggregating up to ₹9.64 Cr) | Market Maker Portion | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 08 Feb 2024 |
| Offer Ends | 13 Feb 2024 |
| Allotment | 14 Feb 2024 |
| Refunds | 15 Feb 2024 |
| Credit of shares to Demat account | 15 Feb 2024 |
| IPO Listing | 16 Feb 2024 |
About Polysil Irrigation Systems Limited
Polysil Irrigation Systems Limited was established in 1985 and manufactures and distributes HDPE pipes, fittings, and micro irrigation systems, such as drip irrigation systems and sprinkler irrigation systems as well as their components, accessories, and related products under the brand name Polysil.
As a manufacturer and seller of drip and sprinkler irrigation systems, their product range includes HDPE Pipes, pipe fittings, and irrigation equipment, including disc filters, screen filters, hydro-cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanicals), fertilizer tanks, Digital Controllers, Pressure Gauges, etc. They sell these products under the brand “Polysil”.
Polysil Irrigation Systems sells its products through institutional markets and open market sales. Under the open market sale, they sell their products through distributors and dealers, who then resell the products to customers i.e. farmers. As of July 31, 2023, they sold their products through 8 distributors and around 425 dealers in India. Their end customers are eligible to receive government subsidies, the process for disbursal of such subsidy is managed by their distributor/dealers and/or their customers. They operate in the states of Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana. They operate in the States of Maharashtra, Madhya Pradesh, and Rajasthan through their dealer/distributor network and in the States of Andhra Pradesh, Gujarat, Tamil Nadu, Haryana, and Uttar Pradesh under the institutional model.
| Incorporated in | Managing Director |
| 1985 |
Share Holding
| Share Holding Pre-Issue | 33.79% |
| Share Holding Post-Issue | % |
Polysil Irrigation Systems Limited IPO Prospectus
| Polysil Irrigation Systems Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹4,392.49 | ₹3,767.21 | ₹5,471.58 |
| Assets | ₹5,531.46 | ₹4,616.80 | ₹4,178.47 |
| Profit | ₹113.53 | ₹33.75 | ₹64.81 |
Fundamentals
| Values | Values | ||
| Market cap | 61.24 Cr | ROE | 13.84% |
| P/E (X) | 47.08 | ROCE | 12.81% |
| POST P/E (X) | 53.94 | EPS | 1.15 |
| Debt to Equity | 1.01 | RONW | 25.28% |
Objects of the Issue
- Funding our Working Capital Requirements
- General Corporate Purpose.
Brokerage Firm IPO Review
- To be updated soon
| Polysil Irrigation Systems Limited Contact Details | |
| Address | Polysil Irrigation Systems Limited Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara – 391780 |
| Phone: | 026 6724 4271/2 |
| secretarial@polysilirrigation.com | |
| Website | https://polysilirrigation.com/ |
| Polysil Irrigation Systems Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Polysil Irrigation Systems Limited IPO Allotment Status Check |
| Polysil Irrigation Systems Limited IPO Allotment Status Check Click Here |
| Polysil Irrigation Systems Limited Lead Managers | |
| Fedex Securities Limited 305 Enterprise Center, Nehru Road, Vile Parle East, Mumbai – 400 099 | |
| Phone | 022 2613 6460 / 2613 6461 |
| Website | http://www.fedsec.in/ |
Polysil Irrigation Systems Limited IPO FAQs
What is Polysil Irrigation Systems Limited IPO?
- Polysil Irrigation Systems Limited IPO is an NSE SME IPO. They are going to raise ₹17.44 Crores via IPO. The issue is priced at ₹54 to ₹54 per equity share. The IPO is to be listed on NSE.
When Polysil Irrigation Systems Limited IPO will open?
- The IPO is to open on February 08, 2023, for NII, and Retail Investors.
What is Polysil Irrigation Systems Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is Polysil Irrigation Systems Limited IPO Size?
- Polysil Irrigation Systems Limited IPO size is ₹17.44 crores.
What is Polysil Irrigation Systems Limited IPO Price Band?
- Polysil Irrigation Systems Limited IPO Price Band is ₹54 to ₹54 per equity share.
What is Polysil Irrigation Systems Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (2000 Shares) with ₹108.000. and Maximum Lot Size 1 Lots (2000 Shares) with ₹108,000
What is Polysil Irrigation Systems Limited IPO Allotment Date?
- Polysil Irrigation Systems Limited IPO allotment date is February 14, 2024.
What is Polysil Irrigation Systems Limited IPO Listing Date?
- Polysil Irrigation Systems Limited IPO listing date is February 16, 2024. The IPO to list on NSE.