Polysil Irrigation Systems Ltd
Price Range
₹54
Min. Quantity
2,000
Closes on
13 February 2024
Min. investment
₹1,08,000/2,000 Shares
Polysil Irrigation Systems Ltd IPO Timeline
Polysil Irrigation Systems Ltd was originally incorporated as a Private Company in the name and style of 'Silvassa Poly-Tex Industries (India) Private Limited' vide Certificate of Incorporation dated October 09, 1985 issued by the Registrar of Companies, Maharashtra. Subsequently, the name of Company changed to 'Silvassa Pipes Private Limited' dated July 11, 1996 and further to 'Polysil Irrigation Systems Private Limited' dated January 03, 2011. The Company was then converted into a Public Company and consequently upon conversion to Public Limited, the name changed to 'Polysil Irrigation Systems Limited' vide a fresh Certificate of Incorporation dated December 27, 2022 issued by the Registrar of Companies, Ahmedabad.
| Event | Date |
|---|---|
| Polysil Irrigation Systems Ltd IPO Opening Date | 8 February 2024 |
| Polysil Irrigation Systems Ltd IPO Closing Date | 13 February 2024 |
| Basis of Allotment | 14 February 2024 |
| Initiation of Refunds | 15 February 2024 |
| Credit of Shares to Demat | 15 February 2024 |
| Polysil Irrigation Systems Ltd IPO Listing Date | 16 February 2024 |
Polysil Irrigation Systems Ltd IPO Details
| Polysil Irrigation Systems Ltd IPO Date | 8 February 2024 to 13 February 2024 |
| Polysil Irrigation Systems Ltd IPO Face Value | ₹10 per share |
| Polysil Irrigation Systems Ltd IPO Price | ₹54 to ₹0 per share |
| Polysil Irrigation Systems Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹17.43 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹7.8 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹9.63 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Bharatkumar Patel, Prafulbhai Radadia |
Polysil Irrigation Systems Ltd IPO Lot Size
The Polysil Irrigation Systems Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,08,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,08,000 |
| Maximum | 1 | 2,000 | ₹1,08,000 |
- Strengths
- Risks
- Opportunities
- -
Company Financials
Polysil Irrigation Systems Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 78.48 | 44.57 | 2.07 |
| 03-2023 | 55.31 | 43.92 | 0.87 |
| 03-2022 | 46.17 | 37.67 | 0.34 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding its working capital requirements
- General corporate purposes
Polysil Irrigation Systems Ltd IPO Promoter Holding
| Pre Issue Share Holding | 28.96% |
| Post Issue Share Holding | 25.28% |
Polysil Irrigation Systems Ltd IPO Subscription Status (Bidding Detail)
The Polysil Irrigation Systems Ltd IPO is subscribed 6.5719 times on 13 February 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 6.5719 |
Polysil Irrigation Systems Ltd IPO Prospectus
Polysil Irrigation Systems Ltd IPO Listing Date
| Listing Date | 16 February 2024 |
| BSE Script | 80303 |
| NSE Symbol | POLYSIL |
| Listing In | NSE - SME |
| ISIN | INE517M01028 |
| IPO Price | ₹54 |
| Face Value | ₹10 |
Company Contact Information
Survey # 340/1 Beside Hystuff-Street At Post Raniya Ta.Savli,Vadodara-391780
Phone: 026 6724 4271/2
Email: secretarial@polysilirrigation.com
Website: https://polysilirrigation.com
Polysil Irrigation Systems Ltd IPO Registrar
Polysil Irrigation Systems Ltd IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
FAQ
What is the issue size of Polysil Irrigation Systems Ltd IPO?
I have pre-applied for Polysil Irrigation Systems Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.