
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
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹54
Band: ₹54
Estimated Listing Price
₹54
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,08,000
Estimated Profit / Lot
₹0
2000 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹54 |
| 30 Oct 2026 | — | 0.0% | ₹54 |
| 29 Oct 2026 | — | 0.0% | ₹54 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for Polysil Irrigation Systems Limited IPO is ₹0, which indicates an expected listing price of ₹54.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.