Command Polymers Limited IPO Detail
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 Promoters
Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private LimitedIPO Details
| IPO Opening Date | Mar 17, 2023 |
| IPO Closing Date | Mar 21, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹28 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹7.09 Cr |
| Fresh Issue | ₹7.09 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.13x | 0.07x | 0.60x | |
| Day 2 | - | - | 1.64x | 0.29x | 0.97x | |
| Day 3 | - | - | 1.81x | 0.98x | 1.39x |
IPO Tentative Timetable
The Command Polymers Limited IPO open date is Mar 17, 2023, and the close date is Mar 21, 2023. The issue may list on Mar 29, 2023.
| IPO Open Date | Mar 17, 2023 |
| IPO Close Date | Mar 21, 2023 |
| Basis of Allotment Date | Mar 24, 2023 |
| Initiation of Refunds | Mar 27, 2023 |
| Credit of Shares to Demat Account | Mar 28, 2023 |
| IPO Listing Date | Mar 29, 2023 |
IPO Lot Size
The Command Polymers Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹112000 |
| Maximum | 1 | 4000 | ₹112000 |
IPO Promoter Holding
| Pre Issue Share Holding | 52.60% |
| Post Issue Share Holding | 38.39% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1,640.40 | 1,089.84 | 9.43 |
| 31-Mar-21 | 2,252.48 | 1,636.76 | 19.64 |
| 31-Mar-22 | 1,889.12 | 1,948.50 | 30.02 |
| 31-Dec-22 | 2,225.23 | 1,460.15 | 16.16 |
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 Limited IPO Registrar:
KFin Technologies Limited
Command Polymers Limited IPO Lead Manager(s):
Aryaman Financial Services limited
Company Contact Information:
Command Polymers Limited
Mouza Malancha, J.L.No.87,
P.O. Narayanpur, P.S Bhangar,
District 24 Parganas (South) -743502
