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SME IPO Status: Listed [8th Feb 2024 to 13th Feb 2024]
Polysil Irrigation Systems IPO, a SME IPO of ₹17.44 Cr was launced on 08-02-2024 to 13-02-2024 and the shares got listed on NSE SME on 16-02-2024.
The public issue of Polysil Irrigation Systems IPO (POLYSIL) was offered at ₹54.00 per share and the ipo was listed at ₹56. It has delivered listing gain of 3.70%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 4000 per lot return on listing.
| SME IPO Issue Opening Date: | 8th Feb 2024 |
| SME IPO Issue Closing Date: | 13th Feb 2024 |
| SME IPO Issue Price: | ₹54.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹17.44 Cr |
| Offer for Sale: | ₹9.64 Cr |
| Fresh Issue: | ₹7.80 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 33.79% |
| Promoter Holding Post IPO: | 29.49% |
| Allotment Status: | Allotment Status |
| NSE Code: | POLYSIL |
Get important updates regarding Polysil Irrigation Systems SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 14th Feb 2024 |
| Refunds Initiation* | 15th Feb 2024 |
| Credit of Shares to Demat* | 15th Feb 2024 |
| SME IPO Listing Date* | 16th Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹54.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹108000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-02-2024 | 54.00 | 0 | -- | ₹54 (0%) | 16-Feb-2024 9:31 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Polysil Irrigation Systems Limited is a company that operates in the micro-irrigation industry. They specialize in drip and sprinkler irrigation systems and have been in business since 1985. The company is known for providing high-quality products that meet BIS standards and are tailored to meet the needs of end-users.
Polysil Irrigation Systems Limited offers a wide range of products including HDPE pipes, fittings, and micro-irrigation systems. They also offer components, accessories, and related products such as disk filters, screen filters, hydrocyclone filters, sand (gravel) filters, compression fittings, valves (electrical and mechanical), fertilizer tanks, digital controllers, and pressure gauges. All these products are sold under the brand name "Polysil".
The company sells its products through wholesalers and dealers to end customers, mainly farmers. As of July 31, 2023, Polysil Irrigation Systems Limited had 8 wholesalers and around 425 dealers in India. End-customers are eligible to receive government subsidies, which are disbursed by the wholesalers/dealers and/or their customers.
| Incorporation | Sector | IPO Issue Size | Website |
| 1985 | Plastic Products - Industrial | ₹17.44 Cr | https://polysilirrigation.com/ |
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,532,000 (50%) | 1,532,000 (50%) | 3,064,000 | |
| 1 | 8th Feb 2024 19:32 | 0.21x | 1.52x | 0.87x |
| 2 | 9th Feb 2024 19:32 | 0.40x | 4.39x | 2.40x |
| 3 | 12th Feb 2024 19:32 | 0.88x | 7.40x | 4.14x |
| 4 | 13th Feb 2024 18:22 | 2.12x | 11.62x | 6.88x |
Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,671.49 | 5,531.46 | 4,616.80 | 4,178.47 |
| Revenue | 1,019.74 | 4,392.49 | 3,767.21 | 5,471.58 |
| Profit After Tax | 110.31 | 113.53 | 33.75 | 64.81 |
| Net Worth | 1,646.02 | 1,535.71 | 1,372.06 | 1,338.31 |
| Reserves and Surplus | 656.31 | 546.00 | 1,326.56 | 1,292.82 |
| Total Borrowing | 1,566.17 | 1,547.25 | 1,494.96 | 1,104.83 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Polysil Irrigation Systems Limited | 1.15 | 1.15 | 15.53 | 47.08 | 7.39 | |
| Captain Polyplast Ltd | 1.18 | 1.18 | 14.36 | 43.93 | 7.79 | Consolidated |
| R M Drip And Sprinklers Systems Limited | 0.04 | 0.04 | 19.04 | 2587.5 | 0.23 | Standalone |
| Texmo Pipes & Products Ltd. | 0.39 | 0.39 | 64.01 | 228.59 | 0.6 | Consolidated |
| Jain Irrigation Systems Ltd. | 13.33 | 13.08 | 87.43 | 4.91 | 18.39 | Consolidated |
Last Updated on 20-Feb-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Polysil Irrigation Systems SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Polysil Irrigation Systems SME IPO with Zerodha.
Alternate approch to apply in Polysil Irrigation Systems SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Polysil Irrigation Systems SME IPO Review and Important Updates
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To subscribe or apply in Polysil Irrigation Systems SME IPO, you can use the following methods:
| Polysil Irrigation Systems SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Polysil Irrigation Systems SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Polysil Irrigation Systems SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Polysil Irrigation Systems SME IPO. Most of the Syndicate Banks provide access to apply in Polysil Irrigation Systems IPO via ASBA process. You must have your net banking access, DP ID information to apply in Polysil Irrigation Systems SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Polysil Irrigation Systems SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Polysil Irrigation Systems SME IPO Review and Important Updates
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Polysil Irrigation Systems SME IPO is going to be list on 16-02-2024. NSE Code for Polysil Irrigation Systems is POLYSIL.
Other relevant questions:
When Polysil Irrigation Systems SME IPO will be listing? Polysil Irrigation Systems SME IPO NSE listing date?Polysil Irrigation Systems SME IPO date of listing
Polysil Irrigation Systems SME IPO Allotment Date is 14-02-2024.
Other relevant questions:
Polysil Irrigation Systems SME IPO share allotment date?Polysil Irrigation Systems SME IPO allotment date?
