Incorporated in 1985 The Company is a fully integrated player within the drip irrigation and sprinkler irrigation sectors, with a presence in micro irrigation industry. Their products are reckoned to meet high quality standards and their brand is associated with providing value-based irrigation solutions to their end customers and are subject to BIS standards. The Company is engaged in the manufacturing and sale of HDPE pipes, fittings, and micro irrigation systems, such as drip irrigation systems and sprinkler irrigation systems, its components, accessories, and allied products.
As a manufacturer and seller of drip and sprinkler irrigation systems, their 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 mechanicals), fertilizer tanks, Digital Controllers, Pressure Gauges, etc. They sell these products under the brand “Polysil”.
Polysil Irrigation Systems sells its products through institutional markets and open market sales. Under the open market sale, they sell their products through distributors and dealers, who then resell the products to customers i.e. farmers. As of July 31, 2023, they sold their products through 8 distributors and around 425 dealers in India. Their end customers are eligible to receive government subsidies, the process for disbursal of such subsidy is managed by their distributor/dealers and/or their customers. They operate in the states of Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana. They operate in the States of Maharashtra, Madhya Pradesh, and Rajasthan through their dealer/distributor network and in the States of Andhra Pradesh, Gujarat, Tamil Nadu, Haryana, and Uttar Pradesh under the institutional model.
Objects of the Issue:
- Funding our Working Capital Requirements
- General Corporate Purpose.
Polysil Irrigation Systems IPO Review
- Avoid
Polysil Irrigation Systems IPO Date & Price Band Details
| IPO Open: | February 8, 2024 |
| IPO Close: | February 13, 2024 |
| IPO Size: | Approx ₹17.44 Crores, 3,229,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹54 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Polysil Irrigation Systems IPO Market Lot
The Polysil Irrigation Systems IPO minimum market lot is 2000 shares with a ₹108,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹108,000 |
| Retail Maximum | 1 | 2000 | ₹108,000 |
| S-HNI Minimum | 2 | 4000 | ₹216,000 |
Polysil Irrigation Systems IPO Dates
The Polysil Irrigation Systems IPO date is February 8 and the IPO close date is February 13. The IPO allotment date is February 14 and the IPO might list on February 16.
| IPO Open Date: | February 8, 2024 |
| IPO Close Date: | February 13, 2024 |
| Basis of Allotment: | February 14, 2024 |
| Refunds: | February 15, 2024 |
| Credit to Demat Account: | February 15, 2024 |
| IPO Listing Date: | February 16, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Polysil Irrigation Systems IPO Form
How to apply Polysil Irrigation Systems IPO? You can apply Polysil Irrigation Systems IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Polysil Irrigation Systems IPO in the Invest section. The other option you can apply Polysil Irrigation Systems IPO via IPO forms download via the NSE website. Check out the Polysil Irrigation Systems forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Polysil Irrigation Systems Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹54.72 | ₹53.68 | ₹0.65 |
| 2022 | ₹37.67 | ₹36.99 | ₹0.34 |
| 2023 | ₹43.92 | ₹41.27 | ₹1.14 |
Polysil Irrigation Systems IPO Valuation – FY2023
Check Polysil Irrigation Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.15 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 7.39% |
| Net Asset Value (NAV): | ₹15.53 per Equity Share |
Peer Group
- Captain Polyplast Limited
- RM Drip and Sprinklers Systems Limited
- Texmo Pipes and Products Limited
- Jain Irrigation Systems Limited
Company Promoters
- Bharatkumar Patel
- Prafulbhai Radadia
Polysil Irrigation Systems IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Polysil Irrigation Systems IPO Allotment Status
Check Polysil Irrigation Systems IPO allotment status on Bigshare website URL. Click Here
Polysil Irrigation Systems IPO Lead Managers aka Merchant Bankers
- Fedex Securities Pvt Ltd
Company Address
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: [email protected]
Website: https://polysilirrigation.com/
