
Emerging SME Services · NSE
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.
Price Band
₹54
Issue Size
₹17.44 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹54
at current GMP
Subscribed
6.92x
overall
Open
8 Feb 2024
Close
13 Feb 2024
Allotment
14 Feb 2024
Refund
15 Feb 2024
Demat Credit
16 Feb 2024
Listing
16 Feb 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
14 Feb 2024
Basis finalization
Refunds Initiate
15 Feb 2024
Mandate release
Demat Credit
16 Feb 2024
Shares in demat
Listing Debut
16 Feb 2024
Trading begins
Polysil Irrigation Systems Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹17.44 Crores. The shares are offered at a price band of ₹54 to ₹54 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-02-13, the basis of allotment is scheduled to be finalized on 2024-02-14. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.