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Command Polymers IPO is a fixed price issue of Rs 7.09 crores. The issue is entirely a fresh issue of 25.32 lakh shares.
Command Polymers IPO bidding started from March 17, 2023 and ended on March 21, 2023. The allotment for Command Polymers IPO was finalized on Friday, March 24, 2023. The shares got listed on BSE SME on March 29, 2023.
Command Polymers IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹224,000.
Aryaman Financial Services Limited is the book running lead manager of the Command Polymers IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Command Polymers IPO is Aryaman Capital Markets.
Refer to Command Polymers IPO RHP for detailed information.
| IPO Date | March 17, 2023 to March 21, 2023 |
| Listing Date | March 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,532,000 shares (aggregating up to ₹7.09 Cr) |
| Fresh Issue | 2,532,000 shares (aggregating up to ₹7.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 132,000 shares Aryaman Capital Markets |
Command Polymers IPO offers 2,532,000 shares. 1,200,000 (47.39%) to NII, 1,200,000 (47.39%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 132,000 (5.21%) |
| Other Shares Offered | 1,200,000 (47.39%) |
| Retail Shares Offered | 1,200,000 (47.39%) |
| Total Shares Offered | 2,532,000 (100%) |
Command Polymers IPO opens on March 17, 2023, and closes on March 21, 2023.
| IPO Open Date | Friday, March 17, 2023 |
| IPO Close Date | Tuesday, March 21, 2023 |
| Basis of Allotment | Friday, March 24, 2023 |
| Initiation of Refunds | Monday, March 27, 2023 |
| Credit of Shares to Demat | Tuesday, March 28, 2023 |
| Listing Date | Wednesday, March 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 21, 2023 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| HNI (Min) | 2 | 8,000 | ₹224,000 |
| Lot Size Calculator | |||
Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited are the Promoters of the company.
| Share Holding Pre Issue | 52.60% |
| Share Holding Post Issue | 38.39% |
Incorporated in 1998, Command Polymers Limited is in the business of Marketing and Manufacturing Polymer-based products. These products include Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers.
The products of Command Polymers have a wide variety of applications in industries like Industrial packaging industries, Food industry, etc. With its versatility and scale, the company is able to serve multiple types of industries and its scope is continuously growing.
The company primarily engages in manufacturing and trading. Its revenue is generated in the proportion of 67% and 33% from these activities, respectively.
The manufacturing facility of Command Polymers Limited is situated in District 24 Parganas (South). The facility is well-equipped with all the necessary machinery and tools required for an efficient and smooth manufacturing process and easy logistics.
The competitive strengths of the company are:
| 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 | ||||||
The market capitalization of Command Polymers IPO is Rs 26.26 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 121.74 |
The company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It has posted an average financial performance so far. Based on its FY23 annualized earnings, the issue is priced exorbitantly. There is no harm in skipping this pricey bet. Read detail review...
The Command Polymers IPO is subscribed 1.39 times on March 21, 2023 7:02:00 PM. The public issue subscribed 0.98 times in the retail category, times in the QIB category, and 1.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.81 |
| Retail | 0.98 |
| Total | 1.39 |
Total Application : 305 (1.02 times)
| Listing Date | March 29, 2023 |
| BSE Script Code | 543843 |
| NSE Symbol | |
| ISIN | INE0LKQ01012 |
| Final Issue Price | ₹28 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹28.00 |
| ₹26.75 |
| ₹25.45 |
| ₹27.42 |
| ₹26.50 |
Command Polymers Limited
Mouza Malancha, J.L.No.87,
P.O. Narayanpur, P.S Bhangar,
District 24 Parganas (South) -743502
Phone: +91 98365 52178
Email: info@commandpolymers.com
Website: http://www.commandpolymers.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Command Polymers IPO is a SME IPO of 2,532,000 equity shares of the face value of ₹10 aggregating up to ₹7.09 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000 Shares.
The IPO opens on March 17, 2023, and closes on March 21, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Command Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Command Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Command Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Command Polymers IPO opens on March 17, 2023 and closes on March 21, 2023.
Command Polymers IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.
You can apply in Command Polymers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Command Polymers IPO will be done on Friday, March 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, March 28, 2023. Check the Command Polymers IPO allotment status.
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