Command Polymers IPO

Small CapSME

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, 23

IPO Closing Date

Mar 21, 23

Basis of Allotment

Mar 24, 23

Initiation of Refunds

Mar 27, 23

Credit of Shares to Demat

Mar 28, 23

IPO Listing Date

Mar 29, 23

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

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)
Revenue from Operations	1,947.48	1,634.76
Profit After Tax (PAT)	30.02	19.64
PAT Margin	1.54	1.20
EBITDA	141.32	93.87
EBITDA %	7.26	5.74
Current Asset	1.178.92	1,688.51
Current Liabilities	872.89	1270.28

Know before investing

Strengths

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

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.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

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.