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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Polysil Irrigation Systems Ltd
Registered Office:
Survey # 340/1 Beside Hystuff-,Street At Post Raniya Ta.Savli,
Vadodara - 391780,
Gujarat, India.
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-24
13-Feb-24
54.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 2000     Further Multiples of : 2000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
6.05
Fedex Securities Pvt Ltd
Project Financed
17.43
 
Post Issue
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
No Data Available!!!
.
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