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Polysil Irrigation Systems Limited IPO

Polysil Irrigation Systems Limited IPO

IPO Date :
Issue Price :
Allotment Date :
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Listed Price: ₹ 56.00 (+3.70%)

Polysil Irrigation Systems Limited's successfully completed its Initial Public Offering and commenced trading on 16-02-2024 at the NSE exchange. The company raised 32,29,000 Shares through this public offering, comprising 14,44,000 Shares in fresh capital and ₹9.64 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹54 to ₹54, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 08-02-2024 to 13-02-2024.

Share allotment was finalized on 14-02-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Polysil Irrigation IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Polysil Irrigation IPO Key Performance Indicator
Company Financials ( In Lakhs )

Polysil Irrigation IPO About Company

Polysil Irrigation Systems Limited, established in 1985, is a manufacturer and distributor of HDPE pipes, fittings, and micro irrigation systems, including drip and sprinkler irrigation systems, under the brand name Polysil. The company offers a wide range of products, including HDPE pipes, pipe fittings, disc filters, screen filters, hydrocyclone filters, sand (gravel) filters, compression fittings, electrical and mechanical valves, fertilizer tanks, digital controllers, and pressure gauges. Operating across Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana, Polysil sells its products through both institutional and open markets. As of August 15, 2023, the company had a distribution network of 9 distributors and around 425 dealers across India. Its manufacturing facility, located in Vadodara, Gujarat, spans 100,000 sq. ft., supporting its production and distribution operations. As of March 31, 2023, Polysil employed 52 people, including skilled and unskilled workers, administrative staff, and management, ensuring smooth business operations and product delivery.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Polysil Irrigation IPO Strength Factors

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Polysil Irrigation IPO Risk Factors

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Polysil Irrigation IPO Lead Manager(s)

  • Fedex Securities Private Limited

Polysil Irrigation IPO Promoter(s)

  1. Bharatkumar Patel
  2. Prafulbhai Radadia

Polysil Irrigation IPO Company Details

Polysil Irrigation Systems Limited
Phone:
address:

Polysil Irrigation IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Polysil Irrigation IPO FAQs