| IPO date | 08 Feb 2024 – 13 Feb 2024 |
| Listing date | 16 Feb 2024 |
| Price range | 54 – 54 |
| Minimum order quantity | 2000 | (D)RHP | View |
Polysil Irrigation Systems is launching its IPO. The IPO opens for subscription on 8th February 2024 and will close on 13th February 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Polysil Irrigation Systems Limited do?
Established in 1985, Polysil Irrigation Systems is a fully integrated player within the drip irrigation and sprinkler irrigation sectors, with a presence in the micro irrigation industry. They are engaged in the manufacturing and sale of HDPE pipes, fittings, and micro irrigation systems, such as drip irrigation systems and sprinkler irrigation systems, their components, accessories, and allied products.
As a manufacturer and seller of drip and sprinkler irrigation systems, their product range 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, etc. The company sells its products under the brand “Polysil”.
As of August 15, 2023, They sell their products through 9 distributors and around 425 dealers in India. They operate in the States of Maharashtra, Madhya Pradesh, and Rajasthan through a dealer/distributor network and in the States of Andhra Pradesh, Gujarat, Tamil Nadu, Haryana, and Uttar Pradesh under the institutional model.
Schedule/Timeline of Polysil Irrigation Systems Limited IPO
| Issue Period | 8th February to 13th February 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | February 14, 2024 |
| Initiation of Refunds | February 15, 2024 |
| Credit of Shares | February 15, 2024 |
| Date of Listing | February 16, 2024 |
| Mandate end date | February 28, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | March 15, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | May 15, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Polysil Irrigation Systems Limited IPO?
You can apply for the Polysil Irrigation Systems Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Polysil Irrigation Systems Limited IPO?
You can check the allotment status for the Polysil Irrigation Systems Limited IPO on the website of the Registrar and Transfer agent.