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
Company Financials
| 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 |
Objects of the Issue
The company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
- Funding Working capital requirements;
- Repayment of Loans;
- General Corporate Purpose
Command Polymers IPO Details
| IPO Date | Mar 17, 2023 to Mar 21, 2023 |
| Listing Date | [ Mar 29, 2023 ] |
| Face Value | ₹10 per share |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Issue Size | 2,532,000 shares of ₹10 (aggregating up to ₹7.09 Cr) |
| Fresh Issue | 2,532,000 shares of ₹10 (aggregating up to ₹7.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 121.74 |
| Market Cap (₹ Cr.) | 26.26 |
Command Polymers IPO Reservation
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker portion | 132,000 shares (ARYAMAN CAPITAL MARKETS LIMITED) |
Command Polymers IPO Tentative Timetable
Command Polymers IPO opens on Mar 17, 2023, and closes on Mar 21, 2023. The Command Polymers IPO bid date is from Mar 17, 2023 10.00 A.M. to Mar 21, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| 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 |
Command Polymers IPO Lot Size
The Command Polymers IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| HNI (Min) | 2 | 8,000 | ₹224,000 |
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 Review
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…
Command Polymers IPO Subscription Status (Bidding Detail)
The Command Polymers IPO is subscribed 0.01 times on Mar 17, 2023 12:51:00 PM. The public issue subscribed 0.02 times in the retail category, [.] times in the QIB category, and 0.00 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 0.00 |
| Retail | 0.02 |
| Total | 0.01 |
Total Application : 5 (0.02 times)
Command Polymers IPO Prospectus
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/