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Polysil Irrigation Systems Ltd

Registered Office : Survey # 340/1 Beside Hystuff-,Street At Post Raniya Ta.Savli,Vadodara Gujarat 391780 Phone : 026 6724 4271/2
Fax :

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

Opens On

Closes On

08-Feb-2024

13-Feb-2024

Money Payable On

Application

Allotment

54.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

6.05

17.43

11.34

54.00

Fedex Securities Pvt Ltd

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