IPO Details
Bidding Dates
17 Mar '23 - 21 Mar '23
Minimum Investment
₹112,000 / 1 Lots ( 4000 Shares )
Price Range
₹28
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
| Date | NII | Retail | Total |
|---|---|---|---|
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
Strengths
3-
They operate with a scalable model that allows them to adjust to changing market preferences and possibilities of new markets.
-
Their product enables them to cater to multiple industry clients.
-
For the smooth functioning of operations, they have formed long-term relationships with suppliers and customers.
Risks
3-
There are some legal cases pending against the company’s MD which might impact their future profitability.
-
The industry is highly regulated and there are increasing environmental concerns which might impact their future revenue.
-
As on December 31, 2022, the company had a total debt of Rs.661.04 lakh.
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Command Polymers IPO FAQs
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.
The basis of the allotment date is March 24, 2023.
One lot of Command Polymers Ltd. IPO has 4000 shares.
The IPO will open on March 17, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of Command Polymers Ltd. Ltd. on BSE SME is March 29, 2023.
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
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.
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.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 4000 shares.
