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Polysil Irrigation Systems Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Polysil Irrigation Systems Ltd IPO 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 08-Feb-24 13-Feb-24 (Rs)54.00-0.00 (Rs)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 through Current Offer 17.43   Post Issue Equity Share Capital 11.34   Issue Price (Rs)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 Bigshare Services Pvt Ltd