Polysil Irrigation Systems Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 07-02-2024 | 12-02-2024 | ₹10 per share | 54 | 2000 Shares | NSE SME | 3,229,000 shares (aggregating up to ₹17.44 Cr) | 2024-02-13 18:30:00 | 2024-02-14 18:30:00 | 2024-02-14 18:30:00 | 15-02-2024 |
About The Company
Polysil Irrigation Systems IPO is a fixed price issue of Rs 17.44 crores. The issue is a combination of fresh issue of 14.44 lakh shares aggregating to Rs 7.80 crores and offer for sale of 17.85 lakh shares aggregating to Rs 9.64 crores.
Polysil Irrigation Systems IPO opens for subscription on February 8, 2024 and closes on February 13, 2024. The allotment for the Polysil Irrigation Systems IPO is expected to be finalized on Wednesday, February 14, 2024. Polysil Irrigation Systems IPO will list on NSE SME with tentative listing date fixed as Friday, February 16, 2024.
Polysil Irrigation Systems IPO price is ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Polysil Irrigation Systems IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Polysil Irrigation Systems IPO is Market-Hub Stock Broking.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 07-07-2023 | 5671 | 1020 | 110 | 1646.02 | 656.31 | 1566.17 |
| 07-07-2023 | 5531 | 4392 | 114 | 1535.71 | 546 | 1547.25 |
| 07-07-2022 | 4617 | 3767 | 34 | 1372.06 | 1326.56 | 1494.96 |
| 07-07-2021 | 4178 | 5472 | 65 | 1338.31 | 1292.82 | 1104.83 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Non-Institutional Buyers* | 0.06 |
| Retail Investors | 0.74 |
| Total | 0.40 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | 108000 |
| Retail (Max) | 1 | 2000 | 108000 |
| HNI (Min) | 2 | 4000 | 216000 |
IPO Listing Details
| Listing Date | 15-02-2024 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Bharatkumar Patel and Prafulbhai Radadia
Contact Information of the Company
Polysil Irrigation Systems Limited
Survey No- 340/1, Beside Hystuff Steel,
At Post Raniya, Taluka Savli,
District Vadodara - 391780
Phone: 026 6724 4271/2
Email: secretarial@polysilirrigation.com
Website: https://polysilirrigation.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager
Fedex Securities Pvt Ltd