Polysil Irrigation Systems Ltd. IPO

Incorporated in 1985, our Company is a fully integrated player within the drip irrigation and sprinkler irrigation sectors, with presence in micro irrigation industry. Our products are reckoned to meet high quality standards and our brand is associated with providing valuebased irrigation ... solutions to our end customers. Our Company is engaged in manufacturing and sale of HDPE pipes, fittings and micro irrigation systems, such as drip irrigation system and sprinkler irrigation system, its components, accessories and allied products. Read more

Our Company was originally incorporated as a private company in the name and style of “Silvassa Poly-Tex Industries (India) Private Limited” under the Companies Act, 1956 vide certificate of incorporation dated October 09, 1985 issued by the Registrar of Companies, Maharashtra. ... Subsequently, the name of our Company was changed to “Silvassa Pipes Private Limited” pursuant to the special resolution passed by the Shareholders of our Company at the extra-ordinary general meeting held on June 6, 1996. The Registrar of Companies, Maharashtra, Mumbai issued a fresh certificate of incorporation dated July 11, 1996, upon change of the name of the Company. Further, the name of our Company was changed to “Polysil Irrigation Systems Private Limited” pursuant to the special resolution passed by the Shareholders of our Company at the extra-ordinary ordinary general meeting held on November 8, 2010 and the Registrar of Companies, Maharashtra, Mumbai issued a fresh certificate of incorporation dated January 03, 2011, upon change of the name of the Company. Our Company was then converted into a public limited company pursuant to the special resolution passed by the Shareholders of our Company at the extra-ordinary ordinary general meeting held on December 13, 2022 and consequently upon conversion, the name of our Company was changed to “Polysil Irrigation Systems Limited” vide a fresh certificate of incorporation dated December 27, 2022 issued by the Registrar of Companies, Ahmedabad.

Micro irrigation system contributes around 18-20% of the total irrigation, consisting of both drip irrigation and sprinkler irrigation systems. States like Karnataka, Gujrat, Andhra Pradesh, Rajasthan, Maharashtra, and Haryana are some major states utilizing microirrigation systems attributed to ... the large cultivable area and area under irrigation. The Indian micro-irrigation market is highly competitive, with large and small-scale drip and sprinkler irrigation equipment producers and marketers across numerous states in India. Read more