Polysil Irrigation Systems Ltd

Plastic products

Offer Period :

8th to 2nd Feb 2024

Established in 1985, Polysil Irrigation Systems Limited is a manufacturer and distributor of HDPE pipes, fittings, and micro irrigation systems under the brand Polysil. Operating in multiple states, it sells through 9 distributors and 425 dealers. Read more... The Vadodara-based manufacturing unit spans 100,000 sq.ft, employing 52 individuals.Read less

Polysil Irrigation Systems Ltd IPO Details

IPO Date 8th to 2nd Feb 2024 Minimum Investment ₹108000 / 1 Lots
Listing Date 2024-02-16 Maximum Investment ₹108000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹17.43 Crores
Price ₹54 to ₹54 per share Fresh Issue ₹7.8 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 9.63
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 8th to 2nd Feb 2024
Listing Date 2024-02-16
Face Value ₹10 per share
Price ₹54 to ₹54 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹108000 / 1 Lots
Maximum Investment ₹108000 / 1 Lots
Total Issue Size ₹17.43 Crores
Fresh Issue ₹7.8 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

8th Feb

IPO Starts

13th Feb

IPO Ends

14th Feb

Allotment Date

15th Feb

Initiation of Refund

15th Feb

Credit of Shares to Demat Account

16th Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

Polysil Irrigation Systems Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1532000(47.46%)
Retail Shares Offered 1532000(47.46%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3228000
Total Shares With Anchor Investor 3228000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Polysil Irrigation Systems Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Polysil Irrigation Systems Ltd IPO Lead Manager

1. Fedex Securities Pvt Ltd

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Polysil Irrigation Systems Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Polysil Irrigation Systems Ltd

Risks Involved

1. Failure to successfully procure raw materials in a timely manner, at competitive rates, or at all, or to identify new raw material suppliers could adversely affect the company business, financial condition and results of operations.

2. The Company, Promoter and Directors are involved in certain litigation which is currently pending at various stages. Any adverse decisions in these cases against the Company, Promoter and Director. may impact business and operations of the Company.

3. In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may have a material adverse effect on the company business.

4. The company has experienced negative cash flows in previous years. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.

5. The Micro Irrigation Industry is highly dependent on subsidy policy by the central & state government.

6. The company relies significantly on the Dealers/ Distributors network for sale of its products through open market sale.

7. Any disruptions in transportation systems, including those arising from the company reliance on third parties for its transportation needs, may adversely affect the company business and results of operations.

8. Any failure to adapt to industry trends and evolving technologies to meet the company customers' demands may adversely affect its business and results of operations.

9. The company is subject to risks associated with expansion into new geographic markets. Any inability to expand into new geographic markets or penetrate existing markets may adversely affect its growth and future prospects.

10. The company Statutory Auditor have included certain emphasis of matters in their auditors' report in its audited financial statements and Restated Financial Statement for Fiscal 2023.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Polysil Irrigation Systems Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-16 80303 POLYSIL
INE517M01028
₹54 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹54 ₹54
Open ₹0 ₹56
Low ₹0 ₹53.5
High ₹0 ₹58.8
Low ₹0 ₹53.5

Frequently Asked Questions

What is Polysil Irrigation Systems Ltd IPO?

Answer Field

Polysil Irrigation Systems Ltd IPO is a SME IPO of 32,28,000 equity shares of a face value of ₹10 aggregating up to ₹17.43 Crores. The issue is priced at ₹54 to ₹54 per share. The minimum order quantity is 2000 Shares. The IPO opens on February 08, 2024, and closes on February 13, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Polysil Irrigation Systems Ltd IPO will open?

Answer Field

The Polysil Irrigation Systems Ltd IPO opens on February 08, 2024 and closes on February 13, 2024.

What is the lot size of Polysil Irrigation Systems Ltd?

Answer Field

Polysil Irrigation Systems Ltd lot size is 2000 shares, and the minimum amount required is ₹1,08,000.

How to apply for Polysil Irrigation Systems Ltd IPO?

Answer Field

You can apply in Polysil Irrigation Systems Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Polysil Irrigation Systems Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Polysil Irrigation Systems Ltd IPO will be done on February 14, 2024, and the allotted shares will be credited to your demat account by February 15, 2024.

When is Polysil Irrigation Systems Ltd IPO listing date?

Answer Field

The Polysil Irrigation Systems Ltd listing date is February 16, 2024.

Who is the registrar of Polysil Irrigation Systems Ltd IPO?

Answer Field

The registrar of Polysil Irrigation Systems Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Fedex Securities Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Polysil Irrigation Systems Ltd IPO?

Answer Field

The fresh issue size is ₹7.8 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Polysil Irrigation Systems Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,08,000 amount.

How can I approve the UPI mandate request for Polysil Irrigation Systems Ltd IPO?

Answer Field

To apply for Polysil Irrigation Systems Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Polysil Irrigation Systems Ltd?

Answer Field

The price of each Polysil Irrigation Systems Ltd share will be ranging in between ₹54 to ₹54 per share.

What is the cut-off time for the UPI mandate for Polysil Irrigation Systems Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 13, 2024.

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