The Command Polymers IPO date has been confirmed from March 17, 2023, and closes on March 21, 2023. Read the post to learn about Command Polymers Limited IPO GMP.
The Command Polymers IPO is a fixed-price offering worth Rs 7.09 crores. This IPO consists solely of 25.32 lakh new shares. The bidding for the Command Polymers IPO commenced on March 17, 2023, and concluded on March 21, 2023. The allotment of shares for the IPO was finalized on Friday, March 24, 2023. Subsequently, the shares were listed on the BSE SME on March 29, 2023.
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Key Details Of Command Polymers IPO:
Bidding Dates
March 17-21,2023
Price Range
₹28 per share
Face Value
₹10 per share
GMP
₹-4
Command Polymers GMP
The Command Polymers IPO GMP Today is ₹[-4].
Command Polymers IPO Overview
The initial public offering (IPO) of Command Polymers is a fixed price offering worth Rs 7.09 crores. This IPO consists solely of 25.32 lakh new shares. The bidding for the Command Polymers IPO commenced on March 17, 2023, and concluded on March 21, 2023. The allotment of shares for the IPO was finalised on Friday, March 24, 2023. Subsequently, the shares were listed on the BSE SME on March 29, 2023. Each share in the Command Polymers IPO is priced at ₹28. Retail investors must apply for a minimum lot size of 4000 shares, translating to a minimum investment of ₹112,000. On the other hand, High Net Worth Individuals (HNIs) need to invest in a minimum of 2 lots, equivalent to 8,000 shares, amounting to ₹224,000.
The South houses an extensively equipped production facility with many machines and tools. Primarily engaged in product manufacturing and trading, this organisation strives to establish and uphold enduring, mutually advantageous business partnerships with its clients. Their merchandise finds application across diverse industries such as industrial packaging, food, and more. Command Polymers Limited, established in 1998, is dedicated to developing and distributing polymer-based products. Their production encompasses polythene LF tubes and tarpaulin sheets while also engaging in the trade of polyester fabrics.
Command Polymers IPO Date & Price Band Details
| IPO Open: | March 17, 2023 |
| IPO Close: | March 21, 2023 |
| IPO Size: | Approx ₹7.09 Crores, 2,532,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹28 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Command Polymers IPO Market Lot
The Command Polymers IPO minimum market lot is 4000 shares with a ₹112,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹112,000 |
| Retail Maximum | 1 | 4000 | ₹112,000 |
| S-HNI Minimum | 2 | 8000 | ₹224,000 |
Command Polymers IPO Dates
The Command Polymers IPO date is March 17, and the IPO close date is March 21. The IPO allotment date is March 24, and the IPO might be listed on March 29.
| IPO Open Date: | March 17, 2023 |
| IPO Close Date: | March 21, 2023 |
| Basis of Allotment: | March 24, 2023 |
| Refunds: | March 27, 2023 |
| Credit to Demat Account: | March 28, 2023 |
| IPO Listing Date: | March 29, 2023 |
Command Polymers Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
| 2020 | ₹10.90 | ₹10.78 | ₹0.09 |
| 2021 | ₹16.37 | ₹16.10 | ₹0.20 |
| 2022 | ₹19.49 | ₹19.13 | ₹0.30 |
| 2023 9M | ₹14.60 | ₹14.27 | ₹0.16 |
Command Polymers IPO Valuation (FY2022)
Check Command Polymers IPO valuations for details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.44 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 3.12% |
| Net Asset Value (NAV): | ₹14.30 per Equity Share |
Company Profile
Command Polymers Limited, established in 1998, specialises in the marketing and manufacturing polymer-based products. These products encompass a range of items such as Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and various other polymers. The diverse applications of Command Polymers’ products span across industries, including industrial packaging and the food industry. With its adaptability and extensive production capacity, the company caters to many sectors, and its reach continues to expand. The company’s core activities revolve around manufacturing and trading.
The revenue generated from these operations is distributed in a 67% and 33% ratio. Located in District 24 Parganas (South), the manufacturing facility of Command Polymers Limited is well-equipped with state-of-the-art machinery and tools. This ensures an efficient and seamless manufacturing process and facilitates smooth logistics.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | https://karisma.kfintech.com |
Contact Details
| Name | Command Polymers |
| Phone number | +91 98365 52178 |
| Email ID | [email protected] |
| Website | https://www.commandpolymers.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Command Polymers FAQs
When Command Polymers IPO will open?
The Command Polymers IPO opens on March 17, 2023 and closes on March 21, 2023.
What is the lot size of Command Polymers IPO?
Command Polymers IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.
When is Command Polymers IPO allotment?
The finalization of Basis of Allotment for Command Polymers IPO will be done on Friday, March 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, March 28, 2023.
When is Command Polymers IPO listing date?
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