IPO Details

Bidding Dates

17 Mar '23 - 21 Mar '23

Minimum Investment

₹112,000 / 1 Lots ( 4000 Shares )

Price Range


Maximum Investment

₹112,000 / 1 Lots ( 4000 Shares )

Retail Discount

To be announced

Issue Size

Rs.7.09 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

Command Polymers IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 17, 2023

IPO 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

IPO Listing Date

Mar 29, 2023

IPO Subscription Details


Day 1Mar 17, 2023

1.13 0.07 0.60

Day 2Mar 20, 2023

1.79 0.30 1.04

Day 3Mar 21, 2023

1.81 0.98 1.39

Command Polymers IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyer [.]
Non-Institutional Buyers 1.81
Retail Investors 0.98
Employees [.]
Other [.]
Total 1.39

About Company

They have two core operations of manufacturing and marketing polymer-based products. In FY21, 67% of the company’s revenue was from manufacturing activities and 33% from trading actions. 

They manufacture polymer-based products such as Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers, which have wide use cases in various sectors like food and beverage, pharmaceutical, industrial packaging industries, agricultural sector, etc. 

They have a manufacturing unit in 24 Parganas (South), West Bengal. 

Command Polymers IPO containing 2,532,000 shares worth Rs.7.09 crore will open for subscription on March 17, 2023. The price band for the fixed issue IPO is set at Rs.28 per share for a lot size of 4000 shares per lot.


Command Polymers Ltd. IPO Objective

  • Repayment of certain loans
  • Meet working capital requirement 
  • General corporate purposes

Should you invest in Command Polymers Ltd.?

These are the top reasons to consider investing in Command Polymers Ltd.

  • Polymer-based products have wide-scale industrial use, which allows Command Polymers Limited to cater to multiple industry types.
  • The company has a scalable business model, supported by a well-equipped manufacturing unit for smooth manufacturing and logistics.
  • The company has experienced management and promoters.

Command Polymers Ltd. Noteworthy highlights

  • The company recorded steady growth in their operating revenue and profit in the last three fiscals. 
  • Their income from the top 10 customers constitutes 94% of their revenue from operations.

As of March 31, 2022, the total installed capacity of their manufacturing unit was 15,120 kg.

IPO Financials

Particulars Year ending on March 31, 2022 (₹ Lakh) Year ending on March 31, 2021 (₹ Lakh) Year ending on March 31, 2020 (₹ Lakh)
Revenue from Operations 1,947.48 1,634.76 1,089.39
Profit After Tax (PAT) 30.02 19.64 9.43
PAT Margin 1.54 1.20 0.87
EBITDA 141.32 93.87 159.71
EBITDA % 7.26 5.74 14.66
Current Asset 1.178.92 1,688.51 1213.97
Current Liabilities 872.89 1270.28 674.38

Know before investing


  1. They operate with a scalable model that allows them to adjust to changing market preferences and possibilities of new markets.

  2. Their product enables them to cater to multiple industry clients.

  3. For the smooth functioning of operations, they have formed long-term relationships with suppliers and customers.


  1. There are some legal cases pending against the company’s MD which might impact their future profitability.

  2. The industry is highly regulated and there are increasing environmental concerns which might impact their future revenue.

  3. As on December 31, 2022, the company had a total debt of Rs.661.04 lakh.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Command Polymers IPO FAQs

What is Command Polymers Ltd. IPO?

Command Polymers Ltd. Ltd. IPO worth Rs.7.09 crore will open for subscription on March 17, 2023. The IPO size contains 2,532,000 equity shares with a face value of Rs.10 per share. 

The subscription window will remain open from March 17-21, 2023.

When will the Command Polymers Ltd. IPO allotment be available?

The basis of the allotment date is March 24, 2023.

What will be the Command Polymers Ltd. IPO lot size?

One lot of Command Polymers Ltd. IPO has 4000 shares.

When will Command Polymers Ltd. IPO open for subscription?

The IPO will open on March 17, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Command Polymers Ltd. list on exchanges?

The listing date of Command Polymers Ltd. Ltd. on BSE SME is March 29, 2023.

How to check the allotment status of the Command Polymers Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app.

To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app

What would be the listing gains on the Command Polymers Ltd. IPO?

Listing gains cannot be ascertained before the IPO is listed on the exchange. You can get this information on the listing date for Command Polymer Ltd., which is March 29,2023.

I have finished the application process for Command Polymers Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.  

How to approve the UPI mandate request for Command Polymers Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Command Polymers Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Command Polymers Ltd. IPO?

The minimum size of the application will be one lot of 4000 shares.