Command Polymers IPO vs MOS Utility IPO

Comparison between Command Polymers IPO and MOS Utility IPO.

IPO Details

Command Polymers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while MOS Utility IPO is a SME Bookbuilding proposed to list at NSE SME.

	Command Polymers IPO	MOS Utility IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Ltd.	Unistone Capital Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Aryaman Capital Markets Ltd.	Rikhav Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Command Polymers IPO is up to ₹6.72 Cr whereas the issue size of the MOS Utility IPO is up to ₹47.46 Cr. The final issue price of Command Polymers IPO is ₹28.00 per share and of MOS Utility IPO is ₹76.00 per share.

	Command Polymers IPO	MOS Utility IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹72.00 per share
Issue Price (Upper)		₹76.00 per share
Issue Price (Final)	₹28.00 per share	₹76.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	24,00,000 shares	54,44,800 shares
Fresh Issue Size (Amount)	up to ₹6.72 Cr	up to ₹41.38 Cr
OFS Issue Size	0 shares	8,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹6.08 Cr
Issue Size Total	24,00,000 shares	62,44,800 shares
Issue Size Total (Amount)	up to ₹6.72 Cr	up to ₹47.46 Cr

IPO Timetable

Command Polymers IPO opens on Mar 17, 2023, while MOS Utility IPO opens on Mar 31, 2023. The closing date of Command Polymers IPO and MOS Utility IPO is Mar 21, 2023, and Apr 06, 2023, respectively.

	Command Polymers IPO	MOS Utility IPO
Anchor Bid Date		Mar 29, 2023
Issue Open	Mar 17, 2023	Mar 31, 2023
Issue Close	Mar 21, 2023	Apr 06, 2023
Basis Of Allotment (Tentative)	Mar 24, 2023	Apr 12, 2023
Initiation of Refunds (Tentative)	Mar 27, 2023	Apr 13, 2023
Credit of Share (Tentative)	Mar 28, 2023	Apr 17, 2023
Listing date (Tentative)	Mar 29, 2023	Apr 18, 2023
Anchor Lockin End date 1		May 12, 2023
Anchor Lockin End date 2		Jul 11, 2023

Financials & KPIs

Command Polymers IPO P/E ratio is 121.74, as compared to MOS Utility IPO P/E ratio of 48.41.

Command Polymers IPO

MOS Utility IPO

Financials

Command Polymers Limited Financial Information (Restated)
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

MOS Utility Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,513.42	9,156.51	128.59	602.42	583.23	538.08
31-Mar-21	2,459.02	6,792.07	84.69	687.11	667.92	812.23
31-Mar-22	3,513.48	8,096.01	157.67	844.78	825.60	1,296.32
30-Sep-22	4,970.94	5,435.41	195.84	1,940.63	62.01	878.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

52.60

82.91

Promoter Shareholding (Post-Issue)

38.39

P/E Ratio

121.74

48.41

Market Cap

₹26.26 Cr.

₹189.51 Cr.

ROE

14.06%

ROCE

11.26%

Debt/Equity

0.45

EPS

RoNW

Shares Offered

In the Command Polymers IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in MOS Utility IPO retail investors are offered 12,00,000 shares. Qualified Institutional Buyers (QIB) are offered in Command Polymers IPO and 15,23,200 shares in MOS Utility IPO.

	Command Polymers IPO	MOS Utility IPO
Anchor Investor Reserveration		15,98,400 shares
Market Maker Reserveration	1,32,000 shares	3,29,600 shares
QIB		15,23,200 shares
NII	12,00,000 shares	9,37,600 shares
RII	12,00,000 shares	21,85,600 shares
Employee
Others
Total	24,00,000 shares	62,44,800 shares

Bids Received (Subscription)

Command Polymers IPO subscribed 1.39x in total, whereas MOS Utility IPO subscribed 21.14x.

	Command Polymers IPO	MOS Utility IPO
QIB (times)		11.67x
NII (times)	1.81x	57.90x
Big NII (times)
Small NII (times)
RII (times)	0.98x	11.98x
Employee (times)
Other (times)
Total (times)	1.39x	21.14x

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Exhicon Events Media IPO	A G Universal IPO
Sotac Pharmaceuticals IPO	Pattech Fitwell Tube IPO
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Dev Labtech Venture IPO	Infinium Pharmachem IPO
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Labelkraft Technologies IPO	Command Polymers IPO
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Bright Outdoor Media IPO	Nirman Agri Genetics IPO