31 Mar 2021
Assets41.78
Total Income54.72
Profit After Tax0.65
NET Worth13.38
Reserves and Surplus12.93
Total Borrowing11.05
At a glance
Updated 2026-09-15The shares listed at ₹56.00, a 3.70% move from the issue price. Polysil Irrigation Systems is a SME IPO with an issue size of ₹17.43 crore, proposed for listing on NSE SME. The offer opens on 8th Feb 2024 and closes on 13th Feb 2024. The issue structure includes a fresh issue of ₹6.91 crore and an offer-for-sale component of ₹9.63 crore. The current listing schedule points to 16th Feb 2024.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹17.43 Cr
Fresh issue₹6.91 Cr
Offer for sale₹9.63 Cr
Face value₹10
Price band—–—
Allotment14th Feb 2024
Listing16th Feb 2024
Listing performance
Full performance ↗Issue price₹54.00
Listing price₹56.00
Current price—
Listing gain3.70%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹54.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens8th Feb 2024
Closes13th Feb 2024
Allotment14th Feb 2024
Refund15th Feb 2024
Demat15th Feb 2024
Listing16th Feb 2024
Subscription demand
Full bidding ↗Total6.87×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | — |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding the Working Capital Requirements | ₹5.00 Cr |
| General corporate purposes | ₹1.05 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue10.20₹ Cr · -76.8% vs prior year
PAT1.10₹ Cr · -3.5% vs prior year
Assets56.71₹ Cr · +2.5% vs prior year
Net Worth16.46₹ Cr · +7.2% vs prior year
Borrowing15.66₹ Cr · +1.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets46.17
Total Income37.67
Profit After Tax0.34
NET Worth13.72
Reserves and Surplus13.27
Total Borrowing14.95
31 Mar 2023
Assets55.31
Total Income43.92
Profit After Tax1.14
NET Worth15.36
Reserves and Surplus5.46
Total Borrowing15.47
31 Aug 2023
Assets56.71
Total Income10.20
Profit After Tax1.10
NET Worth16.46
Reserves and Surplus6.56
Total Borrowing15.66
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
| Price to Book Value |
Valuation & shareholding
Pre-IPO EPS1.15
Post-IPO EPS2.33
Pre-IPO P/E47.08
Post-IPO P/E23.13
Promoter holding pre35.72%
Promoter holding post31.17%
Market cap₹61.24 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Polysil Irrigation Systems IPO | — | 23.13 x | — | — |
| Phychem Technologies IPO | — | 19.42 x | — | — |
| Atharva Poly-Plast IPO | — | 17.83 x | — | — |
| Diksha Polymers IPO | — | 14.14 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Lead manager(s) fees | ₹0.15 Cr |
| Fees payable to the Registrar to the Offer, Legal Advisors, Advisor to the Offer, Advertising, Expenses, Printing and Distribution of issue stationery, Brokerage, Selling, Commission and upload fees | ₹0.35 Cr |
| Regulators fees including stock exchanges | ₹0.08 Cr |
| Others, if any (including Underwriting Commission, Market making, advisory fees, depositories, marketing fees etc.) | ₹1.16 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Fedex Securities Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-15.
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