Polysil Irrigation Systems Ltd
Registered Office : Survey # 340/1 Beside Hystuff- , Street At Post Raniya Ta.Savli , Vadodara - 391780 , Gujarat , India.
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 | Money Payable On | ||
---|---|---|---|
Opens On | Closes On | Application | Allotment |
2/8/2024 12:00:00 AM | 2/13/2024 12:00:00 AM | Rs 54 - 0 | Rs 0 - 0 |
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 through Current Offer | 17.43 | |
Post Issue Equity Share Capital | 6.05 | |
Issue Price | Rs. 54 |
Projects |
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Funding its working capital requirements |
Promoted By | Listing At | Registrar to the Issue | ||
---|---|---|---|---|
| - | Bigshare Services Pvt Ltd |
ATTENTION INVESTORS
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Risk Disclosure on Derivatives
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Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
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This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
ATTENTION INVESTORS
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Risk Disclosure on Derivatives
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
We are ISO 27001:2013 Certified.
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.