Polysil Irrigation Systems Ltd - IPO

Polysil Irrigation Systems Ltd IPO Details

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 forsubscription 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 allotmentThe face value of the equity shares is Rs. 10/- each and the issue price is 5.4 times of the face value.

Objective of issue

Funding its working capital requirements. General corporate purposes.

Polysil Irrigation Systems Ltd Contact Details

Polysil Irrigation Systems Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - secretarial@polysilirrigation.com

Website - https:, polysilirrigation.com