Polysil Irrigation Systems Limited

08 Feb 2024 - 13 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹216000

Price Band

₹54

Issue Size

32.28 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
img

08 Feb 2024

Open Date

img

13 Feb 2024

Close Date

img

14 Feb 2024

Allotment Date

img

16 Feb 2024

Listing Date

Polysil Irrigation Systems Limited IPO 2024 is open for subscription from Thursday, February 8, 2024 and will close on Tuesday, February 13, 2024. The price band is decided at Rs 54 per share. The minimum lot size of this application for the retail category is 2000 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 4000 shares. The minimum amount of investment required for retail category investors is Rs 1,08,000 (54 x 2000 shares). However for HNI category the minimum investment amount is required Rs 2,16,000 (54 x 4000 shares). Polysil Irrigation Systems Limited IPO 2024 is a fixed price issue of Rs 17.44 crores. The issue is a combination of fresh issue and offer for sale. The fresh issue consists of 14.44 lakh equity shares amounting to Rs 7.80 crores and offer for sale consists of 17.85 equity shares amounting to Rs 9.64 crore. The allotment for this IPO is expected to be finalized on Wednesday, February 14, 2024. Polysil Irrigation Systems Limited IPO will list on NSE SME and listing date fixed on Friday, February 16, 2024. The book running lead manager of Alpex Solar Limited is Fedex Securities Private Limited. The registrar for this IPO is Bigshare Services Private Limited.

Know Before Investing

Strengths icon

Weaknesses icon

About Polysil Irrigation Systems Limited

Polysil Irrigation Systems Limited company was established in 1985 which is involved in manufacturing and distributing HDPE pipes, fittings and micro irrigation systems such as drip irrigation, sprinkler irrigation system as well as there components, accessories and related products under a brand name Polysil. Company is a fully integrated player within the Drip Irrigation and Sprinkler Irrigation sectors, with a significant presence in the Micro Irrigation Industry. Company has a Pan-India reach and employs over 700 people across geographies and cultures. The vision of Polysil Irrigation System is to be the Sathi of Farmer’s success. The mission is to become a Rs 500 crore turnover company by 2025. The core values are Farmer First, Innovation, Knowledge and simplicity. The company manufacturing unit is located in Vadodara, Gujarat and covers an area of 100,000 square meters.

Founded

1985

Managing Director

BHARAT PATEL

Parent Organization

IPO Objectives

The visible objective of the issue is to raise funds from the public and gain the benefits of listing. The net proceeds from the issue will be utilized to meet the requirements of the working capital. Other than this, the general corporate purposes like capital expenditure, acquisitions are also fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account