Polysil Irrigation Systems IPO Date, Review, Price, Allotment Details

Polysil Irrigation Systems IPO Details: Polysil Irrigation Systems IPO date is fixed, The IPO will open on February 8 and will close on February 13. Polysil Irrigation Systems is a NSE SME IPO to raise ₹17.44 crores via IPO. The Polysil Irrigation Systems IPO price band is fixed at ₹54 with a market lot of 2000 shares.

Polysil Irrigation Systems IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹108,000
Retail Maximum12000₹108,000
S-HNI Minimum24000₹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
YearRevenueExpensePAT
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/

Polysil Irrigation Systems IPO FAQs


What is Polysil Irrigation Systems IPO?

Polysil Irrigation Systems IPO is an NSE SME IPO. They are going to raise ₹17.44 Crores via IPO. The issue is priced at ₹54 per equity share. The IPO is to be listed on NSE.

When Polysil Irrigation Systems IPO will open?

The IPO is to open on February 8, 2024 for QIB, NII, and Retail Investors.

What is Polysil Irrigation Systems IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the Polysil Irrigation Systems IPO?

You can apply Polysil Irrigation Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Polysil Irrigation Systems IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Polysil Irrigation Systems”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Polysil Irrigation Systems IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Polysil Irrigation Systems”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Polysil Irrigation Systems IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Polysil Irrigation Systems”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Polysil Irrigation Systems IPO Size?

Polysil Irrigation Systems IPO size is ₹17.44 crores.

What is Polysil Irrigation Systems IPO Price Band?

Polysil Irrigation Systems IPO Price Band is ₹54 per equity share.

What is Polysil Irrigation Systems IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹108,000.

What is Polysil Irrigation Systems IPO Allotment Date?

Polysil Irrigation Systems IPO allotment date is February 14, 2024.

What is Polysil Irrigation Systems IPO Listing Date?

Polysil Irrigation Systems IPO listing date is February 16, 2024. The IPO to list on NSE SME.

Note: The Polysil Irrigation Systems IPO details are announced officially. The IPO grey market premium (Polysil Irrigation Systems IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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