Polysil Irrigation Systems Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹54 - ₹54
- Lot size
- 2,000 shares
- Issue amount
- ₹17.44 cr
- Total subscription
- 6.92×
- Opens
- 8 Feb 2024
- Closes
- 13 Feb 2024
- Allotment
- 14 Feb 2024
- Listing
- 16 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 32,29,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹7.8 cr
- Offer for sale
- ₹9.64 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,08,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 98,97,090
- Shares after issue
- 1,13,41,090
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,08,000 |
| HNI | 2 | 4,000 | ₹2,16,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 8.27 | 96.1 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 1.15 | 0.34 | 0.66 |
| ROE | 7.39 | 2.46 | 4.84 |
| ROCE | 12.81 | 6.02 | 8.59 |
| RONW | 7.39 | 2.46 | 4.84 |
| PRE IPO(PE) | 3.48 | 0 | 0 |
| POST IPO(PE) | 47.08 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Polysil Irrigation Systems Limited, established in 1985, is a manufacturer and distributor of HDPE pipes, fittings, and micro irrigation systems, including drip and sprinkler irrigation systems, under the brand name Polysil. The company offers a wide range of products, including HDPE pipes, pipe fittings, disc filters, screen filters, hydrocyclone filters, sand (gravel) filters, compression fittings, electrical and mechanical valves, fertilizer tanks, digital controllers, and pressure gauges. Operating across Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana, Polysil sells its products through both institutional and open markets. As of August 15, 2023, the company had a distribution network of 9 distributors and around 425 dealers across India. Its manufacturing facility, located in Vadodara, Gujarat, spans 100,000 sq. ft., supporting its production and distribution operations. As of March 31, 2023, Polysil employed 52 people, including skilled and unskilled workers, administrative staff, and management, ensuring smooth business operations and product delivery.
Promoters
Bharatkumar Patel
Prafulbhai Radadia
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara - 391780
026 6724 4271/2
[email protected]Company website ↗Understanding POLYSIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.