Polysil Irrigation Systems IPO Details GMP Price, Launch Date, share price, Issue Size, Review

Polysil Irrigation Systems IPO

OUR BUSINESS

Strong economic growth in the first quarter of FY 2022-23 helped India overcome the UK to become the fifth-largest economy after it recovered from repeated waves of COVID-19 pandemic shock. Real GDP in the first quarter of 2022–23 is currently about 4% higher than its corresponding 2019-20, indicating a strong start for India’s recovery from the pandemic. Given the release of pent-up demand and the widespread vaccination coverage, the contact-intensive services sector will probably be the main driver of development in 2022–2023.

Rising employment and substantially increasing private consumption, supported by rising consumer sentiment, will support GDP growth in the coming months. Future capital spending of the government in the economy is expected to be supported by factors such as tax buoyancy, the streamlined tax system with low rates, a thorough assessment and rationalization of the tariff structure, and the digitization of tax filing.

In the medium run, increased capital spending on infrastructure and asset-building projects is set to increase growth multipliers, and with the revival in monsoon and the Kharif sowing, agriculture is also picking up momentum. The contact-based services sector has largely demonstrated promise to boost growth by unleashing the pent-up demand throughout April-September 2022. The sector’s success is being captured by several HFIs (High-Frequency Indicators) that are performing well, indicating the beginnings of a comeback.

POLYSIL IRRIGATION SYSTEMS IPO DATE & PRICE BAND DETAILS

IPO Open Date February 08, 2024
IPO Close DateFebruary 13, 2024
IPO SizeApprox ₹17.44 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band ₹54 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota50%
IPO QIB Quota%
IPO NII Quota50%
DRHP DraftClick here
RHP DraftClick here
Anchor InvestorClick here

POLYSIL IRRIGATION SYSTEMS IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum12000₹108,000
Retail Maximum14000₹108,000
S-HNI Minimum24000₹216,000

OBJECTS OF THE OFFER

Our Company proposes to utilize the Net Proceeds from the Offer towards the following objects:

  1.  Funding our Working Capital Requirements.
  2.  General Corporate Purpose

POLYSIL IRRIGATION SYSTEMS IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open DateFeb 08, 2024
IPO Close DateFeb 13, 2024
Basis of AllotmentFeb 14, 2024
RefundsFeb 15, 2024
Credit to Demat AccountFeb 15, 2024
IPO Listing DateFeb 16, 2024

POLYSIL IRRIGATION SYSTEMS FINANCIAL REPORT

₹ in Crores
YearRevenueExpensePAT
2023₹43.92 ₹41.27 ₹1.14
2022 ₹37.67 ₹36.99₹0.34
2021 ₹54.72 ₹53.68 ₹0.65

OUR PROMOTERS

The Promoters of our Company are-

  • Bharatkumar Patel
  • Prafulbhai Radadia

QUALITATIVE FACTOR

Some of the qualitative factors, which form the basis for computing the price, are:

  1.  Strong Marketing and Distribution network.
  2.  Robust and Scalable Business Model.
  3.  Diversified customer base and long-standing relationship with our customers.
  4.  Diversified Product Portfolio.
  5.  Experienced Promoter Directors with extensive domain knowledge.

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20233
March 31, 20222
March 31, 20211
Weighted Average

POLYSIL IRRIGATION SYSTEMS COMPANY CONTACT DETAILS

Survey No- 340/1, Beside Hystuff Steel,
At Post Raniya, Taluka Savli,
District Vadodara,
Gujarat, India, 391780
Tel No: (02667) 244271/2
Email: secretarial@polysilirrigation.com
Website: https://polysilirrigation.com/

POLYSIL IRRIGATION SYSTEMS IPO REGISTAR

Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai –400093.
Tel.:+91 22 6263 8200
Contact Person: Jibu John
Email: ipo@bigshareonline.com
Website:www.bigshareonline.com

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