Polysil Irrigation Systems Limited IPO
₹54
2000
6.88
| Open Date: | 08-Feb-2024 |
| Close Date: | 13-Feb-2024 |
| Allotment Date: | 14-Feb-2024 |
| Listing Date: | 16-Feb-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹54 Per Equity Share |
| Issue Size: | 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) |
| Market Lot (Min Amount): | Retail - ₹108,000 : HNI - ₹216,000 |
As on | QIB / Nll | Rll | Total |
|---|---|---|---|
| Shares Offered/Reserved | 1,532,000 | 1,532,000 | 3,064,000 |
| Day 1 - 08-02-24 05:00 PM | 0.21x | 1.52x | 0.87x |
| Day 2 - 09-02-24 05:00 PM | 0.40x | 4.39x | 2.40x |
| Day 3 - 12-02-24 05:00 PM | 0.88x | 7.40x | 4.14x |
| Day 4 - 13-02-24 05:00 PM | 2.12x | 11.62x | 6.88x |
| Total No. of Application: | 8,898 (Approx.) | ||
| Retail Subscription on the basis of Apps: | 11.62x | ||
| Earning Per Share(EPS) | ₹1.15/- |
| P/E Ratio | 47.08 |
| RoNW | 7.39% |
| Net Asset Value (NAV) - Post Issue: | ₹15.53/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Aug,2023 | 5,671.49 | 1,019.74 | 110.31 |
| 31 Mar,2023 | 5,531.46 | 4,392.49 | 113.53 |
| 31 Mar,2022 | 4,616.80 | 3,767.21 | 33.75 |
| 31 Mar,2021 | 4,178.47 | 5,471.58 | 64.81 |
| Pre Issue Share Holding | 33.79% |
| Post Issue Share Holding | 29.49% |
| 1. Bharatkumar Patel |
| 2. Prafulbhai Radadia |
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
- Funding our Working Capital Requirements; and
- General Corporate Purpose.
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.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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