Polysil Irrigation Systems Limited IPO (Polysil Irrigation Systems IPO)

Polysil Irrigation Systems Limited IPO
Upcoming Polysil Irrigation Systems IPO | New Polysil Irrigation Systems IPO

Polysil Irrigation Systems Limited is 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.

The company’s product range includes HDPE pipes, pipe fittings, and irrigation equipment, including disc filters, screen filters, hydrocyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanical), fertilizer tanks, digital controllers, pressure gages, etc.

Polysil Irrigation Systems operates in Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana. The company sells its products through institutional markets and the open market. As of July 31, 2023, the company sold its products through 8 distributors and around 425 dealers in India.

The company’s manufacturing unit is located in Vadodara, Gujarat, and covers an area of 100,000 square meters.

As of March 31, 2023, the company had 82 people, including skilled and unskilled workers, administrative staff, and the management team.

Polysil Irrigation Systems IPO

Polysil Irrigation Systems IPO – Details

IPO Opening Date08 February 2024
IPO Closing Date13 February 2024
Issue TypeFixed Price Issue IPO
Issue Size32,29,000 Shares Worth ₹17.44 Crore
Fresh Issue: 14,44,000 Shares Worth ₹7.80 Crore
Offer For Sale: 17,85,000 Shares Worth ₹9.64 Crore
Face Value₹10 per equity share
IPO Price₹54
Market Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
NII (HNI) Shares Offered50%
Retail Shares Offered50%

Polysil Irrigation Systems IPO – Date Schedule

IPO Open Date08 February 2024
IPO Close Date13 February 2024
Basis of Allotment14 February 2024
Initiation of Refund15 February 2024
Credit of Shares to Demat Account15 February 2024
IPO Listing Date16 February 2024
Cut-off time for UPI mandate confirmation5 PM on 13 February 2024

Polysil Irrigation Systems IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,08,000
Retail (Maximum)120001,08,000
HNI (Minimum)240002,16,000

Competitive Strengths

  • Strong Marketing and Distribution network;
  • Robust and Scalable Business Model;
  • Diversified customer base and long-standing relationship with our customers;
  • Diversified Product Portfolio;
  • Experienced Promoter Directors with extensive domain knowledge.

Company Promoters

  • Bharatkumar Patel
  • Prafulbhai Radadia

Object Of The Issue

  • Funding our Working Capital Requirements; and
  • General Corporate Expenses.
Polysil Irrigation Systems IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202154.7153.670.6411.04
31 March 202237.6736.980.3314.94
31 March 202343.9241.271.1315.47
Amount in ₹ Crore

Key Performance Indicator


Polysil Irrigation Systems IPO Promoter Holding

Pre Issue Share Holding33.79%
Post Issue Share Holding29.49%

Polysil Irrigation Systems IPO Prospectus

Company Contact Information

Polysil Irrigation Systems Limited

Survey No- 340/1, Beside Hystuff Steel,
At Post Raniya, Taluka Savli,
District Vadodara – 391780

Phone: 026 6724 4271/2
Email: secretarial@polysilirrigation.com

Polysil Irrigation Systems IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Polysil Irrigation Systems IPO Lead Manager(s)

1. Fedex Securities Pvt Ltd

Polysil Irrigation Systems IPO FAQs

Polysil Irrigation Systems IPO FAQs
What is Polysil Irrigation Systems IPO?

Polysil Irrigation Systems IPO is a SME IPO. The issue is priced at ₹54 per equity share. The IPO is to be listed on NSE SME.
When Polysil Irrigation Systems IPO will open?

The IPO is to open on 08 February 2024 for NII – 50% and Retail – 50% Investors.
How to Polysil Irrigation Systems IPO?

You can apply Polysil Irrigation Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Polysil Irrigation Systems IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Polysil Irrigation Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Polysil Irrigation Systems IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Polysil Irrigation Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Polysil Irrigation Systems IPO Size?

Polysil Irrigation Systems IPO size is ₹17.44 crores.
What is Polysil Irrigation Systems IPO Price Band?

Polysil Irrigation Systems IPO Price Band is ₹54.
What is Polysil Irrigation Systems IPO Minimum and Maximum Lot Size (Retail)?

The minimum bid is 2000 Shares with ₹1,08,000 amount while the maximum bid is 2000 shares with ₹1,08,000.
What is the Polysil Irrigation Systems IPO Allotment Date?

Polysil Irrigation Systems IPO allotment date is  14 February 2024.
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