Polysil Irrigation Systems is scheduled to hit the market on February 08, 2024 and close on February 13, 2024. Polysil Irrigation Systems plans to raise around ₹17.44 Cr through an IPO with a sale of up to 3,229,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Polysil Irrigation Systems Limited, founded in 1985, specializes in the manufacturing and distribution of HDPE pipes, fittings, and a variety of micro irrigation systems such as drip and sprinkler irrigation systems. Their products, marketed under the brand name Polysil, also include components, accessories, and related items. From HDPE pipes to irrigation equipment like disc filters, screen filters, and compression fittings, the company offers a comprehensive range of products like valves (electrical and mechanical), fertilizer tanks, digital controllers, and pressure gauges.
Operating in multiple states in India including Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, among others, Polysil Irrigation Systems caters to its customers through both institutional markets and open market channels. With a distribution network consisting of 8 distributors and approximately 425 dealers across the country as of July 31, 2023, the company ensures widespread availability of its products. Additionally, their manufacturing unit located in Vadodara, Gujarat covers an expansive area of 100,000 square meters and the company employs 82 individuals as of March 31, 2023, encompassing skilled and unskilled workers, administrative staff, and the management team.
Polysil Irrigation Systems IPO Details
Polysil Irrigation Systems IPO opens on Feb 08, 2024, and closes on Feb 13, 2024. The Listing date for Polysil Irrigation Systems IPO is on Feb 16, 2024. The price band for IPO is ₹54 per share and lot size of 2000 Shares.
| IPO Date | Feb 08, 2024 to Feb 13, 2024 |
| Listing Date | Feb 16, 2024 |
| Price | ₹54 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹17.44 Cr |
| Face Value | ₹10 per share |
Polysil Irrigation Systems IPO Tentative Timetable
Polysil Irrigation Systems opening date is February 08, 2024 and close date is February 13, 2024. The IPO allotment date is February 14, 2024. The refund initiation of IPO is on February 15, 2024. The credit of shares in demat account is on February 15, 2024. The listing date is on February 16, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 08, 2024 |
| IPO Closing | Feb 13, 2024 |
| IPO Allotment Date | Feb 14, 2024 |
| Refund Initiation | Feb 15, 2024 |
| Shares Credit to Demat | Feb 15, 2024 |
| Lisiting Date | Feb 16, 2024 |
Polysil Irrigation Systems IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹108,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹108,000 |
| Retail(Maximum) | 1 | 2000 | ₹108,000 |
| HNI (Minimum) | 2 | 4000 | ₹216,000 |
Polysil Irrigation Systems IPO Promoter Holding
| Pre Issue Share Holding | 33.79% |
| Post Issue Share Holding | % |
Polysil Irrigation Systems IPO Review
Polysil Irrigation Systems Limited has made a significant move by launching its IPO, opening up avenues for investors to be part of its growth story. The company's financial performance, as highlighted in the comparison with its industry peers, reflects a robust position in the market. With an EPS of 15.53 and a RoNW of 7.39%, Polysil Irrigation Systems Limited demonstrates efficiency and profitability, indicating a strong foundation for future growth. The P/E ratio of 3.48 further suggests that the company's shares are priced attractively, potentially appealing to value-seeking investors interested in the irrigation systems sector.
When compared to competitors like Captain Polyplast Ltd, R M Drip And Sprinklers Systems Limited, Texmo Pipes & Products Ltd., and Jain Irrigation Systems Ltd., Polysil Irrigation Systems Limited emerges as a standout player with promising financial indicators. Investors eyeing the IPO should delve into these key metrics to gauge the company's growth trajectory amidst market dynamics. With a NAV per share of 15.53 and a P/BV ratio of 7.39, Polysil Irrigation Systems Limited showcases a strong financial position that bodes well for its future performance in the industry. This IPO presents a compelling opportunity for those looking to invest in a reputable player within the irrigation systems domain.
In conclusion, the IPO of Polysil Irrigation Systems Limited offers an exciting prospect for investors seeking exposure to a company with solid fundamentals and growth potential. By leveraging its strong financial standing, efficient operations, and competitive positioning, Polysil Irrigation Systems Limited is poised to navigate the market successfully and create value for its stakeholders. Investors keen on tapping into the irrigation systems sector should consider exploring this IPO as a means to participate in the journey of a promising industry player.
Polysil Irrigation Systems IPO Subscription Status (Bidding Details)
Table not foundPolysil Irrigation Systems IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Polysil Irrigation Systems IPO FAQs
What is Polysil Irrigation Systems IPO?
Polysil Irrigation Systems is issuing 3,229,000 equity shares with a face value of ₹10 each, totaling up to ₹17.44 Cr. The shares are being offered at a price of ₹54 each, with a minimum order quantity of 2000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Polysil Irrigation Systems IPO will open?
Polysil Irrigation Systems will open on February 08, 2024 for QIB, NII, and Retail Investors.
When Polysil Irrigation Systems IPO will end?
Polysil Irrigation Systems will end on February 13, 2024.
What is Polysil Irrigation Systems IPO Size?
Polysil Irrigation Systems IPO size is ₹17.44 Cr.
What is Polysil Irrigation Systems IPO Price Band?
Polysil Irrigation Systems price band is ₹54 per share.
What is the Polysil Irrigation Systems IPO Allotment Date?
Polysil Irrigation Systems allotment date is February 14, 2024.
What is the Polysil Irrigation Systems IPO Listing Date?
Polysil Irrigation Systems listing date is February 16, 2024. The IPO is to be listed on BSE and NSE.
How to Polysil Irrigation Systems IPO through Zerodha?
To apply for the IPO “Polysil Irrigation Systems” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Polysil Irrigation Systems IPO through Upstox?
To apply for the IPO “Polysil Irrigation Systems” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Polysil Irrigation Systems IPO Allotment Status?
For Polysil Irrigation Systems IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Polysil Irrigation Systems IPO GMP?
You can check out here: Polysil Irrigation Systems IPO GMP