Polysil Irrigation Systems Limited
Polysil Irrigation Systems Limited bidding starts from February 8, 2024 and ends on February 13, 2024. The allotment for the Polysil Irrigation Systems Limited is expected to be finalized on February 14, 2024. Polysil Irrigation Systems Limited will list on NSE SME with tentative listing date fixed as February 16, 2024. Polysil Irrigation Systems Limited price band is set at ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹1,08,000.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | February 8, 2024 |
Close Date:- | February 13, 2024 |
Allotment Date:- | February 14, 2024 |
Listing Date:- | February 16, 2024 |
About Polysil Irrigation Systems Limited :-
Established in 1985, Polysil Irrigation Systems Limited specializes in the production and distribution of HDPE pipes, fittings, and micro irrigation systems, including drip and sprinkler irrigation systems, along with associated components and accessories, all under the brand name Polysil.
Their product portfolio encompasses a wide array of offerings such as HDPE pipes, pipe fittings, and various irrigation equipment like disc filters, screen filters, hydro cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanical), fertilizer tanks, digital controllers, pressure gauges, among others.
Operating across multiple states including Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana, Polysil Irrigation Systems caters to both institutional markets and the open market. By August 15, 2023, the company had established distribution channels through nine distributors and approximately 425 dealers across India.
Situated in Vadodara, Gujarat, their manufacturing unit spans an area of 100,000 sq.ft.
As of March 31, 2023, the company boasted a workforce of 52 individuals comprising skilled and unskilled labor, administrative personnel, and the management team.
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
E-mail:- secretarial@polysilirrigation.com
Website:- https://polysilirrigation.com/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | SME |
Price:- | ₹54 |
Lot Size:- | 2000 |
Minimum Amount for 1 Lot:- | ₹1,08,000 |
Listing At:- | NSE SME |
Total issue of Shares:- | 32,29,000 |
Total issue Size:- | ₹17.44 Crore |
Fresh issue of Shares:- | 14,44,000 |
Fresh issue Size:- | ₹7.8 Crore |
Offer for Sale issue of Shares:- | 17,85,000 |
Offer for Sale issue Size:- | ₹9.64 Crore |
Face Value:- | ₹10 per Equity Share |
Financial Information :-
Amount in ₹ Lakh
Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
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 and 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 |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 61 |
ROE:- | 7.39% |
ROCE:- | 12.81% |
Debt/Equity:- | 1.01 |
RoNW:- | 7.39% |
IPO Registrar :-
Name:- Bigshare Services Pvt Ltd
Website:- https://ipo.bigshareonline.com/ipo_status.html
IPO Prospectus :-
Particulars | Link |
---|---|
Polysil Irrigation Systems Limited DHRP:- | Click Here |
Polysil Irrigation Systems Limited RHP:- | Click Here |
GMP :-
GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
---|---|---|---|
08-02-2024 | ₹0 | ₹54 | 0% |
09-02-2024 | ₹0 | ₹54 | 0% |
10-02-2024 | ₹0 | ₹54 | 0% |
11-02-2024 | ₹0 | ₹54 | 0% |
12-02-2024 | ₹0 | ₹54 | 0% |
13-02-2024 | ₹0 | ₹54 | 0% |
14-02-2024 | ₹0 | ₹54 | 0% |
15-02-2024 | ₹0 | ₹54 | 0% |
16-02-2024 | ₹0 | ₹54 | 0% |
Subscription Details :-
Date | Retail | Other | Total |
---|---|---|---|
February 8, 2024 | 1.52 | 0.21 | 0.87 |
February 9, 2024 | 4.39 | 0.40 | 2.40 |
February 12, 2024 | 7.40 | 0.88 | 4.14 |
February 13, 2024 | 11.62 | 2.12 | 6.88 |
Allotment Status:-
Particulars | Link |
---|---|
Check Allotment Status (available on February 14, 2024) | Click Here |
Listing Details :-
Particulars | Value |
---|---|
Listing Date:- | February 16, 2024 |
NSE Symbol :- | POLYSIL |
ISIN:- | INE517M01028 |
Final Issue Price:- | ₹54.00 |
Open:- | ₹56.00 |
Low:- | ₹53.50 |
High:- | ₹58.80 |
Close:- | ₹54.25 |
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