IPO Details
Bidding Dates
08 Feb 24 - 13 Feb 24
Price Range ₹
54 - 0
Total Equity
₹ 17.43Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
08 Feb 2024
Offer end
13 Feb 2024
Allotment
14 Feb 2024
Refund initiation
15 Feb 2024
Demat transfer
15 Feb 2024
Listing
16 Feb 2024
Offer start
08 Feb 2024
Offer end
13 Feb 2024
Allotment
14 Feb 2024
Refund initiation
15 Feb 2024
Demat transfer
15 Feb 2024
Listing
16 Feb 2024
About Company
Established in 1985, Polysil Irrigation Systems Limited specializes in manufacturing and distributing HDPE pipes, fittings, and micro irrigation systems. These systems encompass drip irrigation systems, sprinkler irrigation systems, and their associated components, accessories, and related products, all marketed under the brand name Polysil. The company's diverse product range includes HDPE pipes, pipe fittings, and various irrigation equipment such as disc filters, screen filters, hydro cyclone filters, sand filters (gravel), compression fittings, valves (both electrical and mechanical), fertilizer tanks, digital controllers, pressure gauges, and more.
Year Founded
09-10-1985
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 35.72 | 31.17 |
| Share Capital | 3535350 | 3535350 |
Offer to Public
32,28,000.00 Cr
Project Details
- Funding our Working Capital Requirements - 50cr
- General corporate purposes - 10.545cr
Objectives
- i. Funding our Working Capital Requirements.ii. General Corporate Purpose.
Highlights
- With over three decades of experience since its establishment in 1985, Polysil Irrigation Systems has built a solid reputation for manufacturing and distributing high-quality HDPE pipes, fittings, and micro irrigation systems.
- The company offers a comprehensive range of products, including HDPE pipes, pipe fittings, and various irrigation equipment such as filters, valves, controllers, and pressure gauges, catering to different agricultural and industrial needs.
- Products under the brand name Polysil are well-known and trusted in the market, enhancing customer confidence and brand loyalty.
- Operating in multiple states across India including Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana, Polysil Irrigation Systems has established a strong market presence.
- With 9 distributors and around 425 dealers selling its products across India, the company benefits from an extensive distribution network, ensuring widespread availability and accessibility to customers.
Challenges
- The irrigation systems industry is highly competitive, with numerous players offering similar products, leading to pricing pressures and reduced profit margins.
- The demand for irrigation systems is heavily influenced by weather conditions and agricultural cycles, making the company vulnerable to fluctuations in seasonal demand.
- Rapid advancements in irrigation technology may require continuous investment in research and development to stay competitive and meet evolving customer demands.
- The company must comply with various regulatory standards and certifications, which can add complexity and cost to its operations.
- Polysil Irrigation Systems may face risks associated with its supply chain, including disruptions in the availability of raw materials, transportation delays, and fluctuations in prices.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 4,616.79 | 45.50 | 207.17 | 207.17 | 1.8267 |
| 2021 | 4,178.47 | 45.50 | 86.80 | 86.80 | 0.877 |
| 2023 | 5,531.47 | 989.71 | 86.80 | 86.80 | 0.877 |
| 2024 | 7,848.30 | 1,134.11 | 86.80 | 86.80 | 0.877 |
