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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 Subscription Details

Market Maker
1
Non-Institutional Buyers*
2.12
Retail Investors
11.62
Total **
6.88

Day Wise Sub

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

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 Lot Size

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 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

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%)

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

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