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POLYSILSME / NSEListed
Polysil Irrigation Systems

Polysil Irrigation Systems Limited, established in 1985, is a manufacturer and distributor of HDPE pipes, fittings, and micro irrigation systems, including drip and sprinkler irrigation systems, under the brand name Polysil. The company offers a wide range of products, including HDPE pipes, pipe fittings, disc filters, screen filters, hydrocyclone filters, sand (gravel) filters, compression fittings, electrical and mechanical valves, fertilizer tanks, digital controllers, and pressure gauges. Operating across Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana, Polysil sells its products through both institutional and open markets. As of August 15, 2023, the company had a distribution network of 9 distributors and around 425 dealers across India. Its manufacturing facility, located in Vadodara, Gujarat, spans 100,000 sq. ft., supporting its production and distribution operations. As of March 31, 2023, Polysil employed 52 people, including skilled and unskilled workers, administrative staff, and management, ensuring smooth business operations and product delivery.

₹54 - ₹546.92x sub
Listed Price₹56.00
Listing Gain+3.70%

IPO Schedule & Timeline

Fixed Price Issue IPO
Open08 Feb 2024
Close13 Feb 2024
Allotment14 Feb 2024
Listing16 Feb 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail15,32,000 shares
47.45%
Nii(hni)15,32,000 shares
47.45%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,08,000
HNI2 Lots (4,000 shares)
₹2,16,000

Company Promoters

Bharatkumar PatelPrafulbhai Radadia

Company Background

Polysil Irrigation Systems Limited, established in 1985, is a manufacturer and distributor of HDPE pipes, fittings, and micro irrigation systems, including drip and sprinkler irrigation systems, under the brand name Polysil. The company offers a wide range of products, including HDPE pipes, pipe fittings, disc filters, screen filters, hydrocyclone filters, s...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-23)₹4392.49 Cr
Growth-19.7%
Revenue Trend (₹ in Crores)
0.02.1k4.2k6.3kMar-21Mar-22Mar-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-234,392.49113.535,531.461,547.25
Mar-223,767.2133.754,616.801,494.96
Mar-215,471.5864.814,178.471,104.83

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
20231.157.39%12.81%3.4847.08
20220.342.46%6.02%00
20210.664.84%8.59%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
14 Feb 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
16 Feb 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Polysil Irrigation Systems. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization14 Feb 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date16 Feb 2024Trading commences on exchange

How to Check Polysil Irrigation Systems Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Polysil Irrigation Systems from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Polysil Irrigation Systems IPO

Complete issue overview for Polysil Irrigation Systems (POLYSIL) IPO. The issue features an equity share price band of ₹54 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,08,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions