Polysil Irrigation Systems IPO

Polysil Irrigation Systems Limited

₹1,08,000 /2000 sharesMinimum Investment

Polysil Irrigation Systems IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
8 Feb ‘24 - 13 Feb ‘24₹1,08,0002,000₹54 - ₹54
Issue SizeIPO Doc
17.44Cr
RHP PDF

About Polysil Irrigation Systems

Polysil Irrigation Systems is involved in the drip and sprinkler irrigation sectors, focusing on micro-irrigation. Engaged in manufacturing and sales, Polysil produces HDPE pipes, fittings, and various micro-irrigation systems, including drip and sprinkler systems, along with related components and accessories. The product range encompasses HDPE pipes, pipe fittings, and irrigation equipment like filters, valves, digital controllers, and pressure gauges. These items are marketed under the brand "Polysil." The company primarily operates in the states of Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana. The company’s distribution channels include institutional markets and open market sales. In the open market, products are sold through distributors and dealers, who then cater to farmers. End customers can avail government subsidies facilitated by distributors, dealers, or customers themselves.;
Founded in
1985
Managing director
Mr. Bharatkumar Patel
Parent organisation
Polysil Irrigation Systems Limited

Strengths & Financials of Polysil Irrigation Systems

Strengths
Risks
As of July 31, 2023, Polysil Irrigation Systems had a network of 425 dealers and 8 distributors across 6 states: Maharashtra, Madhya Pradesh, Gujarat, Haryana, Tamil Nadu, and Uttar Pradesh. The company's distribution system includes multiple stock points in these states, facilitating product accessibility for farmers.
Polysil operates in both open and institution/project markets. In the open market, products are sold to channel partners or dealers who, in turn, sell to farmers. Subsidy payments from government agencies are received after installation and verification. In the institution and project market, the company secures work orders directly from nodal agencies, participating in tenders for project market operations in Andhra Pradesh, Gujarat, Tamil Nadu, Haryana, and Uttar Pradesh.
Polysil's products serve various industries, particularly agriculture and the horticulture sector. It has a diverse customer base, with the top ten customers contributing 60.48% of revenue in Fiscal 2023. Sales are primarily driven by long-standing relationships with the 425 dealers, established over multiple years.
The company offers a diverse product range, including drip irrigation systems, sprinkler irrigation systems, disc filters, screen filters, hydro-cyclone filters, sand (gravel) filters, compression fittings, valves (electric & mechanical), fertilizer tanks, digital controllers, and pressure gauges. These products find applications in agriculture and horticulture.

Polysil Irrigation Systems Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Polysil Irrigation Systems IPO

Apply asPrice bandApply upto
Regular54 - 54₹2 Lakh
High Networth Individual54 - 54₹2 - 5 Lakh
For Polysil Irrigation Systems IPO, eligible investors can apply as Regular.
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