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Command Polymers IPO is a fixed price issue of ₹7.09 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹7.09 crore.
Command Polymers IPO bidding started from Mar 17, 2023 and ended on Mar 21, 2023. The allotment for Command Polymers IPO was finalized on Mar 24, 2023. The shares got listed on BSE SME on Mar 29, 2023.
Command Polymers IPO price is ₹28.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Aryaman Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Command Polymers IPO RHP for detailed Information.
| IPO Date | March 17, 2023 to March 21, 2023 |
| Listing Date | March 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,32,000 shares (aggregating up to ₹7.09 Cr) |
| Reserved for Market Maker | 1,32,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.3696 Cr) |
| Net Offered to Public | 24,00,000 shares (aggregating up to ₹6.72 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 68,44,700 shares |
| Share Holding Post Issue | 93,76,700 shares |
Command Polymers IPO offers total 25,32,000 shares. Out of which 12,00,000 (47.39%) allocated to NII, 12,00,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,32,000 (5.21%) |
| NII (HNI) Shares Offered | 12,00,000 (47.39%) |
| Retail Shares Offered | 12,00,000 (47.39%) |
| Total Shares Offered | 25,32,000 (100.00%) |
Command Polymers IPO opens on March 17, 2023, and closes on March 21, 2023.
| IPO Open Date | Fri, Mar 17, 2023 |
| IPO Close Date | Tue, Mar 21, 2023 |
| Tentative Allotment | Fri, Mar 24, 2023 |
| Initiation of Refunds | Mon, Mar 27, 2023 |
| Credit of Shares to Demat | Tue, Mar 28, 2023 |
| Tentative Listing Date | Wed, Mar 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 21, 2023 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| 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 | ||||||
The market capitalization of Command Polymers IPO is ₹26.26 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 121.74 |
The company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
[Dilip Davda] 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...
| Listing Date | March 29, 2023 |
| BSE Script Code | 543843 |
| NSE Symbol | |
| ISIN | INE0LKQ01012 |
| Final Issue Price | ₹28 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹26.75 |
| Low | ₹25.45 |
| High | ₹27.42 |
| Last Trade | ₹26.50 |
Command Polymers Ltd.
Mouza Malancha, J.L.No.87,
P.O. Narayanpur,
P.S Bhangar
South 24 Parganas district, West Bengal, 743502
Phone: +91 98365 52178
Email: info@commandpolymers.com
Website: http://www.commandpolymers.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Command Polymers IPO is a SME IPO of 25,32,000 equity shares of the face value of ₹10 aggregating up to ₹7.09 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on March 17, 2023, and closes on March 21, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Command Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Command Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Command Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Command Polymers IPO opens on March 17, 2023 and closes on March 21, 2023.
Command Polymers IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Command Polymers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
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. Check the Command Polymers IPO allotment status.
The Command Polymers IPO listing date is on Wednesday, March 29, 2023.
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