Polysil Irrigation Systems Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 8 to FEB 12, 2024
Price Band
₹54
Current GMP
₹56 (3.7%)
Subscription
6.88 times
IPO Details
| IPO Date | February 8, 2024 to February 13, 2024 |
| Listing Date | Friday, February 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,229,000 shares (aggregating up to ₹17.44 Cr) |
| Fresh Issue | 1,444,000 shares (aggregating up to ₹7.80 Cr) |
| Offer for Sale | 1,785,000 shares of ₹10 (aggregating up to ₹9.64 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,897,090 |
| Share holding post issue | 11,341,090 |
| Market Maker portion | 164,000 shares Market-Hub Stock Broking |
IPO Date
February 8, 2024 to February 13, 2024
Listing Date
Friday, February 16, 2024
Face Value
₹10 per share
Price
₹54 per share
Lot Size
2000 Shares
Total Issue Size
3,229,000 shares (aggregating up to ₹17.44 Cr)
Fresh Issue
1,444,000 shares (aggregating up to ₹7.80 Cr)
Offer for Sale
1,785,000 shares of ₹10 (aggregating up to ₹9.64 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share holding pre issue
9,897,090
Share holding post issue
11,341,090
Market Maker portion
164,000 shares Market-Hub Stock Broking
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 2.12 |
| Retail Investors | 11.62 |
| Total ** | 6.88 |
Market Maker
1
Non-Institutional Buyers*
2.12
Retail Investors
11.62
Total **
6.88
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Feb 8, 2024 | 0.21 | 1.52 | 0.87 |
| Day 2 Feb 9, 2024 | 0.40 | 4.39 | 2.40 |
| Day 3 Feb 12, 2024 | 0.88 | 7.40 | 4.14 |
| Day 4 Feb 13, 2024 | 2.12 | 11.62 | 6.88 |
DayDay 1
Feb 8, 2024
NII*0.21
Retail1.52
Total0.87
DayDay 2
Feb 9, 2024
NII*0.40
Retail4.39
Total2.40
DayDay 3
Feb 12, 2024
NII*0.88
Retail7.40
Total4.14
DayDay 4
Feb 13, 2024
NII*2.12
Retail11.62
Total6.88
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 16-02-2024 | 54.00 | 0 (0%) | 54 |
| 15-02-2024 | 54.00 | 0 (0%) | 54 |
| 14-02-2024 | 54.00 | 0 (0%) | 54 |
| 13-02-2024 | 54.00 | 0 (0%) | 54 |
| 12-02-2024 | 54.00 | 0 (0%) | 54 |
| 11-02-2024 | 54.00 | 0 (0%) | 54 |
| 10-02-2024 | 54.00 | 0 (0%) | 54 |
| 09-02-2024 | 54.00 | 0 (0%) | 54 |
| 08-02-2024 | 54.00 | 0 (0%) | 54 |
| 07-02-2024 | 54.00 | 0 (0%) | 54 |
| 06-02-2024 | 54.00 | 0 (0%) | 54 |
| 05-02-2024 | 54.00 | 0 (0%) | 54 |
Date16-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date15-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date14-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date13-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date12-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date11-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date10-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date09-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date08-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date07-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date06-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
Date05-02-2024
Price54.00
GMP0 (0%)
Estimate List Price54
IPO Important Dates
| IPO Open Date | Thursday, February 8, 2024 |
| IPO Close Date | Tuesday, February 13, 2024 |
| Basis of Allotment | Wednesday, February 14, 2024 |
| Initiation of Refunds | Thursday, February 15, 2024 |
| Credit of Shares to Demat | Thursday, February 15, 2024 |
| Listing Date | Friday, February 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 13, 2024 |
IPO Open Date
Thursday, February 8, 2024
IPO Close Date
Tuesday, February 13, 2024
Basis of Allotment
Wednesday, February 14, 2024
Initiation of Refunds
Thursday, February 15, 2024
Credit of Shares to Demat
Thursday, February 15, 2024
Listing Date
Friday, February 16, 2024
Cut-off time for UPI mandate confirmation
5 PM on February 13, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹108,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹108,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹216,000
Financial Information
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,671.49 | 5,531.46 | 4,616.80 |
| Revenue | 1,019.74 | 4,392.49 | 3,767.21 |
| Profit After Tax | 110.31 | 113.53 | 33.75 |
| Net Worth | 1,646.02 | 1,535.71 | 1,372.06 |
| Reserves and Surplus | 656.31 | 546.00 | 1,326.56 |
| Total Borrowing | 1,566.17 | 1,547.25 | 1,494.96 |
Period EndedPeriod Ended
31 Aug 202331 Aug 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Aug 20235,671.49
31 Mar 20235,531.46
31 Mar 20224,616.80
Period EndedRevenue
31 Aug 20231,019.74
31 Mar 20234,392.49
31 Mar 20223,767.21
Period EndedProfit After Tax
31 Aug 2023110.31
31 Mar 2023113.53
31 Mar 202233.75
Period EndedNet Worth
31 Aug 20231,646.02
31 Mar 20231,535.71
31 Mar 20221,372.06
Period EndedReserves and Surplus
31 Aug 2023656.31
31 Mar 2023546.00
31 Mar 20221,326.56
Period EndedTotal Borrowing
31 Aug 20231,566.17
31 Mar 20231,547.25
31 Mar 20221,494.96
Key Performance Indicator
| ROE | 7.39% |
| ROCE | 12.81% |
| Debt/Equity | 1.01 |
| RoNW | 7.39% |
| P/BV | 3.48 |
| EPS (Rs) | 1.15 |
ROE
7.39%
ROCE
12.81%
Debt/Equity
1.01
RoNW
7.39%
P/BV
3.48
EPS (Rs)
1.15
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 164,000 (5.08%) |
| Other Shares Offered | 1,532,000 (47.46%) |
| Retail Shares Offered | 1,532,000 (47.46%) |
| Total Shares Offered | 3,228,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
164,000 (5.08%)
Other Shares Offered
1,532,000 (47.46%)
Retail Shares Offered
1,532,000 (47.46%)
Total Shares Offered
3,228,000 (100%)
Information about company
Polysil Irrigation Systems Limited was established in 1985 and manufactures and distributes HDPE pipes, fittings, and micro irrigation systems, such as drip irrigation systems and sprinkler irrigation systems as well as their components, accessories, and related products under the brand name Polysil.
The company's 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 mechanical), fertilizer tanks, digital controllers, pressure gages, etc.
Polysil Irrigation Systems operates in Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana. The company sells its products through institutional markets and the open market. As of August 15, 2023, the company sold its products through 9 distributors and around 425 dealers in India.
The company's manufacturing unit is located in Vadodara, Gujarat, and covers an area of 100,000 sq.ft.
As of March 31, 2023, the company had 52 people, including skilled and unskilled workers, administrative staff, and the management team.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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