Command Polymers Limited IPO (Command Polymers IPO) Detail

Mar 17, 2023 - Mar 21, 2023

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:

  • Experienced Management Team
  • Existing relationships with suppliers
  • Quality Assurance
  • Smooth flow of operations
  • Scalable Business Model
  • Our Product enables us to serve diversified industries

Command Polymers IPO Details

IPO Date Mar 17, 2023 to Mar 21, 2023
Listing Date [.]
Face Value ₹10 per share
Price ₹28 per share
Lot Size 4000 Shares
Total Issue Size2,532,000 shares
(aggregating up to ₹7.09 Cr)
Fresh Issue2,532,000 shares
(aggregating up to ₹7.09 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Command Polymers IPO Reservation

Other Shares Offered1,200,000 (50.00%)
Retail Shares Offered1,200,000 (50.00%)
Market Maker portion132,000 shares (ARYAMAN CAPITAL MARKETS LIMITED)
Total Shares Offered2,400,000

Command Polymers IPO Tentative Timetable

Command Polymers IPO opens on Mar 17, 2023, and closes on Mar 21, 2023.

Event Tentative Date
Opening Date Mar 17, 2023
Closing Date Mar 21, 2023
Basis of Allotment Mar 24, 2023
Initiation of Refunds Mar 27, 2023
Credit of Shares to Demat Mar 28, 2023
Listing Date Mar 29, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Command Polymers IPO Lot Size

The Command Polymers IPO lot size is 4000 shares.

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

Command Polymers IPO Promoter Holding

Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited are the Promoters of the company.

Pre Issue Share Holding 52.60%
Post Issue Share Holding 38.39%

Command Polymers IPO Subscription Status (Bidding Detail)

The Command Polymers IPO is subscribed 1.39 times on Mar 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)

CategorySubscription (times)

Total Application : 305 (1.02 times)

Company Financials

Command Polymers Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Command Polymers IPO Key Performance Indicator

KPI Values
P/E (x)121.74
Market Cap (₹ Cr.)26.26

Command Polymers IPO Review (Avoid)

[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...

Objects of the Issue

The company proposes to utilize the Net Proceeds from Issue towards funding the following objects:

  1. Funding Working capital requirements;
  2. Repayment of Loans;
  3. General Corporate Purpose

Command Polymers IPO Prospectus

Command Polymers IPO Rating

Rating:Rated 2.3 stars
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Company Contact Information

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/

Command Polymers IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Command Polymers IPO Analysis

Command Polymers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 1

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SME IPO Enquiry

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Command Polymers IPO FAQs

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 Mar 17, 2023, and closes on Mar 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Command Polymers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Command Polymers IPO opens on Mar 17, 2023 and closes on Mar 21, 2023.

Command Polymers IPO lot size is 4000 Shares and the minimum order quantity is .

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 Mar 24, 2023, and the allotted shares will be credited to your demat account by Mar 28, 2023. Check the Command Polymers IPO allotment status.

The Command Polymers IPO listing date is not yet announced. The tentative date of Command Polymers IPO listing is Mar 29, 2023.
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