The Polysil Irrigation IPO date has been confirmed from February 8, 2024 and closes on February 13, 2024. Read the post to learn about Polysil Irrigation IPO GMP.
Polysil Irrigation Developers IPO is a fixed price issue of Rs 17.44 crores. The price is ₹54 per share.2000 Shares is the minimum lot size for an application. The minimum investment for retail investors is ₹108,000. The minimum investment for HNI is 2 lots (4,000 shares) worth ₹216,000.
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Key Details Of Polysil Irrigation IPO:
Bidding Dates
Feb 8-13
Price Range
₹54 per share
Face Value
₹10 per share
GMP
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Polysil Irrigation IPO GMP
The Polysil Irrigation IPO GMP Today is ₹[].
Polysil Irrigation IPO Overview
Polysil Irrigation Systems’ IPO is a fixed-price offering for Rs 17.44 crore. The issuance consists of a fresh issue of 14.44 lakh shares worth Rs 7.80 crore and an offer for sale of 17.85 lakh shares worth Rs 9.64 crore. Polysil Irrigation Systems’ initial public offering (IPO) will start on February 8, 2024 and terminate on February 13, 2024. The staking for Polysil Irrigation Systems’ Initial Public Offering is targeted to be concluded on Wednesday, February 14, 2024. Polysil Irrigation Systems first edition IPO will be placed on NSE SME with February 16, 2024 live date being targeted.
Polysil Irrigation Systems’ IPO price is ₹54 per share. The Polysil Irrigation IPO GMP is ₹[]. The application requires a minimum lot size of 2000 shares. Retail investors must invest a minimum of ₹108,000. HNIs can invest as little as 2 lots (4,000 shares) for ₹216,000.
Polysil Irrigation IPO Details
| IPO Date | February 8, 2024 to February 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,229,000 shares (aggregating up to ₹17.44 Cr) |
| Fresh Issue | 1,444,000 shares (aggregating up to ₹7.80 Cr) |
| Offer for Sale | 1,785,000 shares of ₹10 (aggregating up to ₹9.64 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,897,090 |
| Share holding post issue | 11,341,090 |
Polysil Irrigation Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,531.46 | 4,616.80 | 4,178.47 |
| Revenue | 4,392.49 | 3,767.21 | 5,471.58 |
| Profit After Tax | 113.53 | 33.75 | 64.81 |
| Net Worth | 1,535.71 | 1,372.06 | 1,338.31 |
| Reserves and Surplus | 546.00 | 1,326.56 | 1,292.82 |
| Total Borrowing | 1,547.25 | 1,494.96 | 1,104.83 |
| Amount in ₹ Lakhs | |||
Polysil Irrigation IPO Timeline
| IPO Open Date | Thursday, February 8, 2024 |
| IPO Close Date | Tuesday, February 13, 2024 |
| Basis of Allotment | Wednesday, February 14, 2024 |
| Initiation of Refunds | Thursday, February 15, 2024 |
| Credit of Shares to Demat | Thursday, February 15, 2024 |
| Listing Date | Friday, February 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 13, 2024 |
Company Profile
Polysil Irrigation Systems Limited was established in 1985 with the aim of producing and promoting HDPE pipes, fittings, and micro irrigation systems. These systems include sprinkler and drip systems, along with associated products such as connected files and component components, all under the Polysil trademark.The organization offers a wide array of products, encompassing irrigation equipment, HDPE pipes, pipe fittings, digital controllers, pressure gauges, blender filters, screen filters, hydrocyclone filters, gravel sand filters, and compression fittings.
Polysil Irrigation Systems serves the following states: Madhya Pradesh, Uttar Pradesh, Rajasthan, Haryana, Andhra Pradesh, Gujarat, Tamil Nadu, Maharashtra, and Karnataka. To sell its products, the company leverages institutional channels in addition to open marketplaces.The company had approximately 425 dealers and 8 distributors in India as of July 31, 2023, for product distribution.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Polysil Irrigation Systems Limited |
| Phone number | 026 6724 4271/2 |
| Email ID | [email protected] |
| Website | polysilirrigation.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Polysil Irrigation IPO FAQs
When Polysil Irrigation Systems IPO will open?
The Polysil Irrigation Systems IPO opens on February 8, 2024 and closes on February 13, 2024.
What is the lot size of Polysil Irrigation Systems IPO?
Polysil Irrigation Systems IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.
When is Polysil Irrigation Systems IPO allotment?
The finalization of Basis of Allotment for Polysil Irrigation Systems IPO will be done on Wednesday, February 14, 2024, and the allotted shares will be credited to your demat account by Thursday, February 15, 2024.
When is Polysil Irrigation Systems IPO listing date?
The Polysil Irrigation Systems IPO listing date is not yet announced. The tentative date of Polysil Irrigation Systems IPO listing is Friday, February 16, 2024.
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