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 Date February 13, 2024 IPO Size Approx ₹17.44 Crores IPO Face Value ₹10 Per Equity Share IPO Price Band ₹54 Per Every Share IPO Listing On NSE and BSE IPO Retail Quota 50% IPO QIB Quota % IPO NII Quota 50% DRHP Draft Click here RHP Draft Click here Anchor Investor Click here
POLYSIL IRRIGATION SYSTEMS IPO MARKET LOT DETAILS
Application Lot Size Shares Amount Retail Minimum 1 2000 ₹108,000 Retail Maximum 1 4000 ₹108,000 S-HNI Minimum 2 4000 ₹216,000
OBJECTS OF THE OFFER
Our Company proposes to utilize the Net Proceeds from the Offer towards the following objects:
- Funding our Working Capital Requirements.
- General Corporate Purpose
POLYSIL IRRIGATION SYSTEMS IPO ALLOTMENT & LISTING DATE (DETAILS)
IPO Open Date Feb 08, 2024 IPO Close Date Feb 13, 2024 Basis of Allotment Feb 14, 2024 Refunds Feb 15, 2024 Credit to Demat Account Feb 15, 2024 IPO Listing Date Feb 16, 2024
POLYSIL IRRIGATION SYSTEMS FINANCIAL REPORT
₹ in Crores Year Revenue Expense PAT 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:
- Strong Marketing and Distribution network.
- Robust and Scalable Business Model.
- Diversified customer base and long-standing relationship with our customers.
- Diversified Product Portfolio.
- Experienced Promoter Directors with extensive domain knowledge.
Basic & Diluted Earnings Per Equity Share (“EPS”)
Financial Year Ended Basic EPS (in ₹) Diluted EPS (in ₹) Weight March 31, 2023 3 March 31, 2022 2 March 31, 2021 1 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
