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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹17.43 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹17.43 Cr |
| Fresh Issue | ₹6.91 Cr |
| Offer for Sale | ₹9.63 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹54.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | POLYSIL |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Fedex Securities Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Working Capital Requirements | 5.00 |
| 2 | General corporate purposes | 1.05 |
| 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 | ||||
| KPI | |
|---|---|
| ROE | 7.39% |
| ROCE | 12.81% |
| Debt / Equity | 1.01% |
| RoNW | 7.39% |
| PAT Margin | 2.59% |
| Price to Book Value | 3.48 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.15 | 2.33 |
| P/E (x) | 47.08 | 23.13 |
| Promoter Holding | 35.72% | 31.17% |
| Market Cap | ₹61.24 Cr. | |
