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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:
| 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 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 |
| Other Shares Offered | 1,200,000 (50.00%) |
| Retail Shares Offered | 1,200,000 (50.00%) |
| Market Maker portion | 132,000 shares (ARYAMAN CAPITAL MARKETS LIMITED) |
| Total Shares Offered | 2,400,000 |
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 |
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 | |||
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% |
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)
| Category | Subscription (times) |
|---|---|
| Other | 1.81 |
| Retail | 0.98 |
| Total | 1.39 |
Total Application : 305 (1.02 times)
| 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 | ||||||
| KPI | Values |
|---|---|
| P/E (x) | 121.74 |
| Market Cap (₹ Cr.) | 26.26 |
[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 company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
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://karisma.kfintech.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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.
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