Polysil Irrigation IPO GMP, Review, Price, Allotment

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Polysil Irrigation IPO GMP

Polysil Irrigation IPO description – Established in 1985, Polysil Irrigation Systems is a fully integrated player in the drip and sprinkler irrigation sectors, with a presence in the micro irrigation industry.

The company is engaged in the manufacturing and sale of HDPE pipes, pipe fittings, and irrigation equipment, including disc filters, screen filters, hydro-cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanical), fertilizer tanks, digital controllers, pressure gauges, etc. These products are marketed under the brand ‘Polysil’.

As of 31 July 2023, Polysil Irrigation has distributed its products through 8 distributors and approximately 425 dealers across India. The company’s end customers qualify for government subsidies, with the disbursement process overseen by its distributors, dealers, and/or the customers themselves. Polysil Irrigation Systems functions in the states of Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana.

As of 31 March 2023, the company’s total staff comprises 82 employees, encompassing skilled and unskilled labor, administrative staff, and the management team.

Polysil Irrigation Systems

Promoters of Polysil Irrigation – Bharatkumar Patel, and Prafulbhai Radadia


Polysil Irrigation IPO Details

Polysil Irrigation IPO Dates8 – 13 Feb 2024
Polysil Irrigation Issue PriceINR 54 per share
Fresh issue1,444,000 shares (INR 7.80 crore)
Offer For Sale1,784,000 shares (INR 9.63 crore)
Total IPO size3,228,000 shares (INR 17.43 crore)
Minimum bid (lot size)2,000 shares (INR 108,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Polysil Irrigation Financial Performance

 FY 2021FY 2022FY 202331 Mar – 15 Aug 2024
Revenue54.5937.6243.8810.19
Expenses53.6836.9941.278.46
Net income0.650.341.141.10
Figures in INR Crores unless specified otherwise

Polysil Irrigation Offer News


Polysil Irrigation Valuations & Margins

FY 2021FY 2022FY 2023
EPS0.660.341.15
PE ratio46.96
RONW (%)4.842.467.39
NAV13.5513.8815.53
ROCE (%)8.596.0212.81
EBITDA (%)5.607.5810.53
Debt/Equity 0.831.091.01
*Compiled by IPO Central from Prospectus

Polysil Irrigation IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
12 February 2024
10 February 20245
9 February 20245
8 February 20245

Polysil Irrigation IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered1,532,0001,532,0003,064,000
13 Feb 20242.2311.626.92
12 Feb 20240.987.304.14
9 Feb 20240.514.312.41
8 Feb 20240.211.490.85

The market maker reservation portion of 1,64,000 shares is not included in the above calculations.


Polysil Irrigation IPO Allotment Status

Polysil Irrigation IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Polysil Irrigation IPO Dates & Listing Performance

IPO Opening Date8 February 2024
IPO Closing Date13 February 2024
Finalization of Basis of Allotment14 February 2024
Initiation of refunds15 February 2024
Transfer of shares to demat accounts15 February 2024
IPO Listing Date16 February 2024
Opening Price on NSE SMEINR 56 per share (up 3.70%)
Closing Price on NSE SMEINR 54.25 per share (up 0.46%)

Polysil Irrigation Offer Lead Manager

FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email[email protected]
Website: www.fedsec.in


Polysil Irrigation Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com


Polysil Irrigation IPO Contact Details

POLYSIL IRRIGATION SYSTEMS LIMITED
Survey No- 340/1, Beside Hystuff Steel, At Post Raniya,
Taluka Savli, District Vadodara, – 391780, Gujarat, India
Phone: 026 6724 4271/2
E-mail: [email protected]
Website: www.polysilirrigation.com


IPO FAQs

What is the Polysil Irrigation offer size?

Polysil Irrigation’s offer size is INR 17.43 crores.

What is the Polysil Irrigation offer price band?

Polysil Irrigation’s public offer price is INR 54 per share.

What is the lot size of the Polysil Irrigation IPO?

Polysil Irrigation’s offer lot size is 2,000 shares.

What is Polysil Irrigation IPO GMP today?

Polysil Irrigation IPO GMP today is INR NA per share.

What is the Polysil Irrigation kostak rate today?

Polysil Irrigation kostak rate today is NA per application.

What is Polysil Irrigation Subject to Sauda rate today?

Polysil Irrigation are Subject to the Sauda rate today is INR NA per application.

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