POLYSIL IRRIGATION SYSTEM (NSE SME)
February 8, 2024 – February 13, 2024
| Price | ₹54 - ₹54 |
| Premium | ₹0 |
|---|---|
| Lot size | 2000 |
| Allotment | Feb 14, 2024 |
| Listing | Feb 16, 2024 |
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Subscription
Last updated on 13-Feb-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1532000 | 3418000 | 2.23 |
| RETAIL | 1532000 | 17796000 | 11.62 |
| Total | 3064000 | 21214000 | 6.92 |
| Retail Apps | 8898 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.16 | @8% ₹0.18 | @9% ₹0.21 | @10% ₹0.23 | @11% ₹0.25 | @12% ₹0.28 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 108000 | 766 |
| HNI | 2 | 4000 | 216000 | 766 |
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, hydrocyclone 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 July 31, 2023, the company sold its products through 8 distributors and around 425 dealers in India.
The company's manufacturing unit is located in Vadodara, Gujarat, and covers an area of 100,000 square meters.
As of March 31, 2023, the company had 82 people, including skilled and unskilled workers, administrative staff, and the management team.
Polysil Irrigation Systems IPO Details
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,897,090 |
| Share holding post issue | 11,341,090 |
Polysil Irrigation Systems IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Polysil Irrigation Systems IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
|---|---|---|---|
| ROE | 7.39% | 2.46% | 4.84% |
| ROCE | 12.81% | 6.02% | 8.59% |
| D/E Ratio | 1.01 | 1.09 | 0.83 |
| RONW | 7.39% | 2.46% | 4.84% |
| Basic EPS | 1.15 | 0.34 | 0.66 |
| Diluted EPS | 1.15 | 0.34 | 0.66 |
| P/BV | 3.48 | ||
| P/E | 47.08 |
Company Financials
Polysil Irrigation Systems Limited Financial Information (Restated)
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 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 5,531.46 | 4,616.80 | 4,178.47 |
| Revenue | 4,392.49 | 3,767.21 | 5,471.58 |
| Profit | 113.53 | 33.75 | 64.81 |
| Net Worth | 1,535.71 | 1,372.06 | 1,338.31 |
| Reserves | 546.00 | 1,326.56 | 1,292.82 |
| Borrowing | 1,547.25 | 1,494.96 | 1,104.83 |
| Amount in ₹ Lakhs | |||
Strength
Weakness
Lead Manager(s)
Address
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/