Polysil Irrigation Systems Limited

Company Profile
Company Name Polysil Irrigation Systems Limited
Open Date 08-02-2024
Close Date 13-02-2024
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹54 per share
Issue Size 32,29,000 shares
Application Amount ₹1,08,000
Recommendation Avoid
Polysil Irrigation Systems Limited was originallyincorporated in the year 1985 and had its registered office in Vadodara, Gujarat, India.The Company is engaged in manufacturing and sale of HDPE pipes, fittings and micro irrigation systems, such as drip irrigation system and sprinkler irrigation system, its components, accessories and allied products.The Company is a fully integrated player within the drip irrigation and sprinkler irrigation sectors, with presence in micro irrigation industry.As of December 31st, 2023, the Company had 52 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 15-Aug-23
Total Assets 4,178.47 4,616.79 5,531.46 5,671.49
Net Assets 1,338.32 1,372.06 1,535.71 1,646.02
Total Borrowings 1,104.83 1,494.96 1,547.25 1,566.17
Total Revenue 5,471.58 3,767.21 4,392.49 1,019.74
Profit After Tax 64.80 33.75 113.52 110.31

Tentative Timeline

Opening Date 08-02-2024
Closing Date 13-02-2024
Basis of Allotment 14-02-2024
Initiation of Refunds 15-02-2024
Credit of Shares to Demat 15-02-2024
Listing Date 16-02-2024

Objects of the Issue

Funding of working capital requirements.
General corporate purposes.

Contact Information

Registered Office 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/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

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%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 35.72%
Share Holding Post Issue (Promoters) 31.17%

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