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Polysil Irrigation Systems Ltd

Polysil Irrigation Systems Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹54
₹54
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹54
Based on GMP
Min. Investment
₹108,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
08 Feb 2024
Close Date
13 Feb 2024
Allotment
14 Feb 2024
Listing Date
16 Feb 2024
Exchange
NSE SME
Price Band
₹54
Listing Price
See chart
Allotment Status
Price Band
₹54
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
32,28,000 shares (aggregating up to ₹17.43 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹108,000
1 lot
Pre-IPO Holding
98,97,090 shares
Promoters
Post-IPO Holding
1,13,41,090 shares
Promoters
P/E (Pre)
47.08x
 
P/E (Post)
23.13x
 
EPS (Pre)
₹1.15
 
EPS (Post)
₹2.33
 
UPI Deadline
2024-02-13
Mandate
Anchor AllotmentWed, 07 Feb 2024
Basis of AllotmentWed, 14 Feb 2024
Refund InitiationThu, 15 Feb 2024
Demat CreditThu, 15 Feb 2024
Listing DayFri, 16 Feb 2024
UPI Mandate Deadline2024-02-13
Sale TypeFresh Capital-cum-Offer for Sale
Net Offer to Public30,64,000 shares (aggregating up to ₹16.55 Cr)
Market Maker Quota1,64,000 shares (aggregating up to ₹0.8856 Cr)
Fresh Issue Shares12,80,000 shares (aggregating up to ₹6.91 Cr)
Offer for Sale17,84,000 shares of ₹10 (aggregating up to ₹9.63 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Polysil Irrigation Systems Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 13 Feb 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
164,000
₹0.89
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
3,228,000
100% ₹17.43
IPO Shares Offered
Polysil Irrigation Systems Ltd IPO total issue size: ₹17.43 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 164,000 ₹0.89
5.08%
Total 3,228,000 ₹17.43
100.00%
* Based on upper price band ₹54 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹54.00
Upper Band
Min Investment
₹108,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹216,000
Retail (Max — 13 Lots)1326,000₹1,404,000
S-HNI (Min — 14 Lots)1428,000₹1,512,000
B-HNI (Min — 68 Lots)68136,000₹7,344,000
* Issue Price ₹54 × Lot Size 2,000 shares
IPO Schedule
Anchor
07 Feb 2024
✓ Done
IPO Open
08 Feb 2024
✓ Done
IPO Close
13 Feb 2024
✓ Done
Allotment
14 Feb 2024
✓ Done
Refunds
15 Feb 2024
✓ Done
Demat Credit
15 Feb 2024
✓ Done
Listing Day
16 Feb 2024
✓ Done
Polysil Irrigation Systems Ltd — Live Price LIVE
₹54.00
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Issue ₹54.00 Live Price
About Polysil Irrigation Systems Ltd
Polysil Irrigation Systems Limited was established in 1985 and 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, hydro cyclone 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 August 15, 2023, the company sold its products through 9 distributors and around 425 dealers in India.The company's manufacturing unit is located in Vadodara, Gujarat, and covers an area of 100,000 sq.ft.As of March 31, 2023, the company had 52 people, including skilled and unskilled workers, administrative staff, and the management team.
Objects of the Issue
1
Funding our Working Capital Requirements; and
2
General Corporate Purpose.
Polysil Irrigation Systems Ltd Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹3,767.2
31 Mar 2022
₹4,392.5
31 Mar 2023
₹1,019.7
31 Aug 2023
Profit After Tax (PAT)
₹33.8
31 Mar 2022
₹113.5
31 Mar 2023
₹110.3
31 Aug 2023
Particulars31 Aug 202331 Mar 202331 Mar 2022
Revenue from Operations 1019.74 4392.49 3767.21
EBITDA N/A N/A N/A
Profit After Tax (PAT) 110.31 113.53 33.75
Net Worth 1646.02 1535.71 1372.06
Total Assets 5671.49 5531.46 4616.80
Reserves & Surplus 656.31 546.00 1326.56
Borrowings 1566.17 1547.25 1494.96
EBITDA Margin (%) N/A
PAT Margin (%) N/A
P/BV Ratio
3.48
RoE
7.39%
RoCE
12.81%
RoNW
7.39%
Debt/Equity
1.01
Issue Structure & Shareholding
Total Shares Offered32,28,000 (100.00%)
Net Offer to Public30,64,000 shares (aggregating up to ₹16.55 Cr)
Reserved for Market Maker1,64,000 shares (aggregating up to ₹0.8856 Cr)
Pre-Issue Promoter Holding98,97,090 shares
Post-Issue Promoter Holding1,13,41,090 shares
P/BV Ratio3.48
RoE7.39%
RoCE12.81%
Debt / Equity1.01
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Fedex Securities Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Polysil Irrigation Systems Ltd IPO subscribed?

Polysil Irrigation Systems Ltd IPO is subscribed 1.00 times by Feb 13, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Polysil Irrigation Systems Ltd IPO retail subscription status?

The Polysil Irrigation Systems Ltd IPO retail category is subscribed 1.00 times as of 13 Feb 2024. The retail portion is oversubscribed.

How to subscribe Polysil Irrigation Systems Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 08 Feb 2024 and closes 13 Feb 2024. Min investment: ₹108,000 (1 lot = 2,000 shares). UPI mandate: 2024-02-13.

How many times Polysil Irrigation Systems Ltd IPO subscribed?

The Polysil Irrigation Systems Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Polysil Irrigation Systems Ltd IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Feb 2024. Refunds: on 15 Feb 2024.

When Polysil Irrigation Systems Ltd IPO will be listed?

The Polysil Irrigation Systems Ltd IPO listing date is 16 Feb 2024, Friday. Listed on: NSE SME. Issue price: ₹54. Estimated listing: ₹54. GMP: NIL.

When Polysil Irrigation Systems Ltd IPO close?

The Polysil Irrigation Systems Ltd IPO closes on 13 Feb 2024, Tuesday. UPI mandate: 2024-02-13. Allotment: 14 Feb 2024. Listing: 16 Feb 2024.