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IPO

IPO Details


Polysil Irrigation Systems Ltd
Registered Office: Survey # 340/1 Beside Hystuff-, Street At Post Raniya Ta.Savli, Vadodara - 391780, Gujarat
Phone: 026 6724 4271/2
Email: secretarial@polysilirrigation.com
Website: https://polysilirrigation.com
Initial public offer of upto 32,28,000* equity shares of face value of Rs. 10/- each (Equity Shares) of Polysil Irrigation Systems Limited (The Company or the Issuer) for cash at a price of Rs. 54 per equity share (the Offer Price), (including a premium of Rs. 44 per equity share), aggregating upto Rs. 17.43 crores (The Offer), comprising a fresh offer of up to 14,44,000 equity shares aggregating up to Rs. 7.80 (the Fresh Issue) and an offer for sale of up to 17,84,000 equity shares by Satishkumar Maniya, Sunilkumar Shah and Rameshbhai Kakadiya aggregating up to Rs. 9.63 (Offered Shares) (Offer for Sale), and together with the fresh issue, the Offer). The 1,64,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 54 each aggregating Rs. 0.89 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less market maker reservation portion i.e. offer of 30,64,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 54 per equity share, aggregating to Rs. 16.55 crores is here in after referred to as the Net Offer. The offer and the net offer will constitute 24.59% and 23.34% respectively of the post offer paid up equity share capital of the company. *Subject to finalisation of basis of allotment The face value of the equity shares is Rs. 10/- each and the issue price is 5.4 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
08-Feb-2024 13-Feb-2024 ₹ 54.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 6.05 Fedex Securities Pvt Ltd
Project Financed through Current Offer 17.43
Post Issue Equity Share Capital 11.34
Issue Price ₹54.00
Projects
Funding its working capital requirements
General corporate purposes
Promoted By
Bharatkumar Patel
Prafulbhai Radadia
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

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83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

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