Polysil Irrigation Systems Limited IPO
- IPO Date08 Feb, 2024 to 13 Feb, 2024
- Listing Date16 Feb, 2024
- Face Value₹10 per share
- Issue Price₹54 to ₹54 per share
- Lot Size2000 Shares
- Minimum Investment₹1,08,000
- Listing AtNSE SME
- Total Issue Size32,29,000 Shares
(aggregating up to ₹17.44 Cr) - Fresh Issue14,44,000 Shares
(aggregating up to ₹7.80 Cr)
- Offer for Sale17,85,000 Shares
(aggregating up to ₹9.64 Cr) - Issue TypeFixed Price Issue IPO
- Share holding pre issue98,97,090
- Shareholding post issue1,13,41,090
IPO Dates
Closing Date
13 Feb, 2024
Initiation of Refunds
15 Feb, 2024
Listing Date
16 Feb, 2024
08 Feb, 2024
Opening Date
14 Feb, 2024
Basis of Allotment
15 Feb, 2024
Credit of Shares
Polysil Irrigation Systems Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 4000 | ₹2,16,000 |
| Retail (Max) | 1 | 2000 | ₹1,08,000 |
| Retail (Min) | 1 | 2000 | ₹1,08,000 |
Polysil Irrigation Systems Limited Promoter Holding
Bharatkumar Patel and Prafulbhai Radadia are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 33.79% | 29.49% |
Polysil Irrigation Systems Limited COMPANY INFORMATION
Polysil Irrigation Systems IPO is a fixed price issue of Rs 17.44 crores. The issue is a combination of fresh issue of 14.44 lakh shares aggregating to Rs 7.80 crores and offer for sale of 17.85 lakh shares aggregating to Rs 9.64 crores. Polysil Irrigation Systems IPO bidding started from February 8, 2024 and ended on February 13, 2024. The allotment for Polysil Irrigation Systems IPO was finalized on Wednesday, February 14, 2024. The shares got listed on NSE SME on February 16, 2024. Polysil Irrigation Systems IPO price is ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000. Fedex Securities Pvt Ltd is the book running lead manager of the Polysil Irrigation Systems IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Polysil Irrigation Systems IPO is Market-Hub Stock Broking. Refer to Polysil Irrigation Systems IPO RHP for detailed information.
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.
FAQs About Polysil Irrigation Systems Limited Ipo
Polysil Irrigation Systems Limited IPO will open on 08 Feb, 2024 and close on 13 Feb, 2024. Investors must apply within this period to participate.
The Polysil Irrigation Systems Limited IPO price band is set between ₹54.00 and ₹54.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹108000.00.
The Polysil Irrigation Systems Limited IPO shares are expected to be listed on 16 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Polysil Irrigation Systems Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Polysil Irrigation Systems Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.