Polysil Irrigation Systems Ltd. has announced public offering of 3229000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 43.00 per share. The gross proceeds of the issue are expected to be Rs 1,711.37 lakhs.

The company's initial public offer (IPO) will open on 08 February 2024 and is expected to close on 13 February 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 3229000 Equity Shares of the Company at an price of Rs 53.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Polysil Irrigation Systems Ltd. anticipates using the proceeds of the issue for .

Fedex Securities Private Limited as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.