Open Date
08 Feb 24
13 Feb 24
2000 shares
₹17.43 Cr
Lot Size
IPO Size
Listing At
NSE SME
Listing Date
Price Range
₹54
Close Date
Allotment Date
14 Feb 24
16 Feb 24
Established in 1985, Polysil Irrigation Systems is engaged in the drip and sprinkler irrigation sectors. Its product line includes HDPE Pipes, pipe fittings and irrigation equipment, including disc filters, screen filters, hydro-cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanicals), fertilizer tanks, Digital Controllers, Pressure Gauges, and more. The company also has a presence in the micro irrigation sector. Polysil Irrigation Systems operates in Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana. It has a network of 8 distributors and 425 dealers across the country as of July 2023.
Polysil Irrigation Systems plans to utilize the raised capital from the IPO to: • To meet working capital requirements. • General corporate purposes.
The book-running lead managers to the offer are: Fedex Securities Pvt Ltd
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