Question 1

What is the Polysil Irrigation Systems Limited IPO?

Accepted Answer

The Polysil Irrigation Systems Limited IPO is an SME (Small and Medium Enterprise) Initial Public Offering where Polysil Irrigation Systems Limited is offering its shares to the public for the first time. The issue size is ₹32 lakhs with a price band of ₹54-54. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Polysil Irrigation Systems Limited IPO open?

Accepted Answer

The Polysil Irrigation Systems Limited IPO was open from 08 February 2024 to 13 February 2024. The subscription period has now ended.

Question 3

What is the lot size of Polysil Irrigation Systems Limited IPO?

Accepted Answer

The lot size for Polysil Irrigation Systems Limited IPO is 2000 shares, which means the minimum investment required is approximately ₹1,08,000 (2000 shares × ₹54-54). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Polysil Irrigation Systems Limited IPO?

Accepted Answer

You can apply for the Polysil Irrigation Systems Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Polysil Irrigation Systems Limited IPO allotment?

Accepted Answer

The Polysil Irrigation Systems Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Polysil Irrigation Systems Limited IPO listing date?

Accepted Answer

The Polysil Irrigation Systems Limited IPO was listed on 16 February 2024. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Polysil Irrigation Systems Limited IPO reliable?

Accepted Answer

Grey Market Premium (GMP) data for Polysil Irrigation Systems Limited IPO was not available or was negative before listing. Actual listing performance should be evaluated based on the listing price and current market price.

Question 8

How much profit have I made if I held Polysil Irrigation Systems Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹54 and held them until now, your current gain is +151.8% (₹82 per share). For one lot of 2000 shares, your profit would be ₹1,64,000. On listing day, the stock opened at ₹56 (3.7% gain). Holding the IPO has given better returns than selling on listing day. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Individual(min) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	4,000	₹2.16L
Individual(max) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	4,000	₹2.16L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	3	6,000	₹3.24L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	9	18,000	₹9.72L
BHNI(min) Big HNI - Investment above ₹10 lakhs	10	20,000	₹10.80L

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