Command Polymers IPO vs Sotac Pharmaceuticals IPO

Comparision between Command Polymers IPO and Sotac Pharmaceuticals IPO.

IPO Details

Command Polymers IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sotac Pharmaceuticals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Command Polymers IPO	Sotac Pharmaceuticals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker	Aryaman Capital Markets Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Command Polymers IPO is up to ₹7.09 Cr whereas the issue size of the Sotac Pharmaceuticals IPO is up to ₹33.30 Cr. The final issue price of Command Polymers IPO is ₹28.00 per share and of Sotac Pharmaceuticals IPO is ₹111.00 per share.

	Command Polymers IPO	Sotac Pharmaceuticals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹105.00 per share
Issue Price (Upper)		₹111.00 per share
Issue Price (Final)	₹28.00 per share	₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	25,32,000 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹7.09 Cr	up to ₹33.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,32,000 shares	30,00,000 shares
Issue Size Total (Amount)	up to ₹7.09 Cr	up to ₹33.30 Cr

IPO Timetable

Command Polymers IPO opens on Mar 17, 2023, while Sotac Pharmaceuticals IPO opens on Mar 29, 2023. The closing date of Command Polymers IPO and Sotac Pharmaceuticals IPO is Mar 21, 2023, and Apr 03, 2023, respectively.

	Command Polymers IPO	Sotac Pharmaceuticals IPO
Anchor Bid Date		Mar 28, 2023
Issue Open	Mar 17, 2023	Mar 29, 2023
Issue Close	Mar 21, 2023	Apr 03, 2023
Basis Of Allotment (Tentative)	Mar 24, 2023	Apr 10, 2023
Initiation of Refunds (Tentative)	Mar 27, 2023	Apr 11, 2023
Credit of Share (Tentative)	Mar 28, 2023	Apr 12, 2023
Listing date (Tentative)	Mar 29, 2023	Apr 13, 2023
Anchor Lockin End date 1	Apr 23, 2023	May 10, 2023
Anchor Lockin End date 2	Jun 22, 2023	Jul 09, 2023

Financials

Command Polymers IPO P/E ratio is 121.74, as compared to Sotac Pharmaceuticals IPO P/E ratio of 132.14.

Command Polymers IPO

Sotac Pharmaceuticals IPO

Financial

Command Polymers Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,640.40	1,089.84	9.43	921.39	236.92	238.57
31-Mar-21	2,252.48	1,636.76	19.64	932.37	247.90	514.25
31-Mar-22	1,889.12	1,948.50	30.02	962.39	277.92	685.14
31-Dec-22	2,225.23	1,460.15	16.16	978.56	294.09	661.04
Amount in ₹ Lakhs

Sotac Pharmaceuticals Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	3,038.21	2,882.64	8.75	305.73	75.73	15.13
31-Mar-21	3,469.75	4,894.97	-236.54	249.36	19.36	1,035.80
31-Mar-22	3,525.35	7,337.02	287.86	662.19	432.19	1,134.59
30-Sep-22	6,461.60	3,994.65	46.55	797.41	567.41	2,185.52
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

52.60%

84.63%

Promoter Shareholding (Post-Issue)

38.39%

P/E Ratio

121.74

132.14

Market Cap

₹26.26 Cr.

₹122.66 Cr.

ROE

6.38%%

ROCE

19.03%%

Debt/Equity

2.74

EPS

RoNW

Shares Offered

In the Command Polymers IPO retail investors (RII) are offered 12,00,000 shares while in Sotac Pharmaceuticals IPO retail investors are offered 12,00,000 shares. Qualified institutional buyers (QIB) are offered in Command Polymers IPO and 5,71,800 shares in Sotac Pharmaceuticals IPO.

	Command Polymers IPO	Sotac Pharmaceuticals IPO
Anchor Investor Reserveration		8,53,200 shares
Market Maker Reserveration	1,32,000 shares	1,50,000 shares
QIB		5,71,800 shares
NII	12,00,000 shares	4,28,400 shares
RII	12,00,000 shares	9,98,400 shares
Employee		0 shares
Others
Total	24,00,000 shares	19,98,600 shares

Bids Received (Subscription)

Command Polymers IPO subscribed 1.39x in total, whereas Sotac Pharmaceuticals IPO subscribed 1.60x.

	Command Polymers IPO	Sotac Pharmaceuticals IPO
QIB (times)		1.00x
NII (times)	1.81x	4.04x
Big NII (times)
Small NII (times)
RII (times)	0.98x	0.91x
Employee (times)
Other (times)
Total (times)	1.39x	1.60x

Compare with others

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VELS Film International IPO	Command Polymers IPO
Bright Outdoor Media IPO	Dev Labtech Venture IPO

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