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Polysil Irrigation Systems Limited
listed
₹1.08LMin. investment
Polysil Irrigation Systems Limited IPO Details
Issue size
₹17.44Cr
IPO type
SME
Price range
₹54.00 – ₹54.00
Lot size
2000 shares
RHP/DRHP
Read
Price range₹54.00 – ₹54.00
IPO type
SME
Lot size2000 shares
Issue size₹17.44Cr
RHP/DRHP
Read
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About Polysil Irrigation Systems Limited
Incorporated in 1985 Polysil Irrigation Systems Limited is a fully integrated player within the drip irrigation and sprinkler irrigation sectors, with presence in the microin micro irrigation industry. The products are reckoned to meet high quality standards and their brand is associated with providing value based irrigation solutions to their end customers and are subject to BIS standards. The companycCompany is engaged in manufacturing and sale of HDPE pipes, fittings and micro irrigation systems, such as drip irrigation system and sprinkler irrigation system, its components,accessories and allied products.
The products are sold They sell their products through institutionsinstitution and open markets and open market sales. Under the open market sale, they sell their products through distributors and dealers, who then resell the products to customers i.e. farmers. As of July 31, 2023, they sell their we sold our products through 8 distributors and around 425 dealers in India. TheirOur end customers are eligible to receive government subsidy, the process for disbursal of such subsidy is managed by our distributor / dealers and/or our customers. TheyWe operate in the state of Gujarat, Tamil Nadu,Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana.
The companyCompany is engaged in manufacturing and sale of micro irrigation systems, consisting of drip irrigation system and sprinkler irrigation systems, its components, accessories, including irrigation accessories and allied products. Drip irrigation systems are used primarily for irrigating new crops such as vegetables, flowers, fruits, plantation cropscrop , etc.
Their micro irrigation systems (MIS) business is dependent upon the subsidy provided by the government (Central and State), which makes our business working capital intensive. The subsidy portion is about 50% to 70% of the approved cost of MIS. The farmer who purchases the MIS bears 30% - 50% of the cost and pays the same to our dealer/distributor.
As Polysil Irrigation Systems Limited gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives.
- Funding our Working Capital Requirements; and
- General Corporate Purpose
Here are key details about the Polysil Irrigation Systems Limited IPO:
| Company Name | Polysil Irrigation Systems Limited | Polysil Irrigation Systems Limited IPO Opening Date | February 8, 2024 | |
|---|---|---|---|---|
| Company Established On | 1985Polysil Irrigation Systems Limited IPO Price band | ₹109 to ₹115 per share |
Frequently asked questions
How to invest in the Polysil Irrigation Systems Limited ?
Investors can apply for the Polysil Irrigation Systems Limited through their Demat account via the stock exchange or through their broker.
What is the issue size of Polysil Irrigation Systems Limited ?
The issue size of the Polysil Irrigation Systems Limited is 17.44 Cr.
What is 'pre-apply' for Polysil Irrigation Systems Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Polysil Irrigation Systems Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.