✓
Open
8 Feb 2024
✓
Close
13 Feb 2024
3
Allotment
—
✓
Listing
Fri, Feb 16, 2024
Price Band
₹54 per share
Issue Size
32,28,000 shares (agg. up to ₹17 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Feb 16, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
16-02-2024₹0Est. ₹54+0%
15-02-2024₹0Est. ₹54+0%
14-02-2024₹0Est. ₹54+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.57x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 56.71 | 55.31 | 46.17 | 41.78 |
| Total Income | 10.20 | 43.92 | 37.67 | 54.72 |
| Profit After Tax | 1.10 | 1.14 | 0.34 | 0.65 |
| NET Worth | 16.46 | 15.36 | 13.72 | 13.38 |
| Reserves and Surplus | 6.56 | 5.46 | 13.27 | 12.93 |
| Total Borrowing | 15.66 | 15.47 | 14.95 | 11.05 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| AIK Pipes & Polymers Ltd. | SME | ₹15.02 Cr | ₹89 | 21.54 | ₹105.00 | +17.98% | ₹21.08 (-2.41%) |
| Swashthik Plascon Ltd. | SME | ₹40.76 Cr | ₹86 | 17.23 | ₹126.10 | +46.63% | ₹22.10 (-7.92%) |
| Master Components Ltd. | SME | ₹15.43 Cr | ₹140 | 27.09 | ₹140.20 | +0.14% | ₹466.95 (+2.68%) |
| Shri Techtex Ltd. | SME | ₹45.14 Cr | ₹61 | 16.71 | ₹85.20 | +39.67% | ₹61.40 (-0.08%) |
| Kaka Industries Ltd. | SME | ₹21.23 Cr | ₹58 | 11.03 | ₹115.71 | +99.50% | ₹221.35 (+1.77%) |
| Command Polymers Ltd. | SME | ₹7.09 Cr | ₹28 | 121.74 | ₹26.50 | -5.36% | ₹23.00 (-4.17%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Working Capital Requirements | 5.00 |
| 2 | General corporate purposes | 1.05 |
About Polysil Irrigation Systems IPO
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, hydro cyclone 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 August 15, 2023, the company sold its products through 9 distributors and around 425 dealers in India. The company's manufacturing unit is located in Vadodara, Gujarat, and covers an area of 100,000 sq.ft. As of March 31, 2023, the company had 52 people, including skilled and unskilled workers, administrative staff, and the management team.+ Read More
Contact Details
Polysil Irrigation Systems Ltd. AddressSurvey No-340/1, Beside Hystuff SteelAt Post RaniyaTaluka SavliVadodara, Gujarat, 391780026 6724 4271/2secretarial@polysilirrigation.comVisit Website