The Command Polymers date has been confirmed from March 17 and ended on March 21 .
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 finalized on Friday, March 24, 2023. Subsequently, the shares were listed on the BSE SME on March 29, 2023.
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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 is ₹[-4].
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 finalized 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 are required to apply for a minimum lot size of 4000 shares, which translates 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 their extensively equipped production facility, complete with a wide array of machines and tools. Primarily engaged in product manufacturing and trading, this organization 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 the development and distribution of 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, specializes in the marketing and manufacturing of 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 a wide array of 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 the ratio of 67% and 33% respectively. 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, as well as facilitates smooth logistics.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | 04067162222, 04079611000 |
| Email ID | cpl.ipo@kfintech.com |
| Website | https://karisma.kfintech.com |
Contact Details
| Name | Command Polymers |
| Phone number | +91 98365 52178 |
| Email ID | info@commandpolymers.com |
| Website | https://www.commandpolymers.com |
IPO Strenghts
- 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.
