Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Fri, Mar 17, 2023 - Tue, Mar 21, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 17, 2023
IPO Close
Tue, Mar 21, 2023
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹26.26 Cr
| IPO Date | 17 to 21 Mar, 2023 |
| Listed on | Wed, Mar 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,32,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,32,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.3696 Cr) |
| Fresh Issue (Ex Market Maker) | 24,00,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 24,00,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 68,44,700 shares |
| Share Holding Post Issue | 93,76,700 shares |
| BSE Script Code | 543843 |
| ISIN | INE0LKQ01012 |
Command Polymers IPO comprises a total issue size of 25,32,000 shares. The net offer to the public is 24,00,000 shares, after excluding 1,32,000 shares allotted on a firm basis. Of the Net offer 12,00,000 (50.00%) allocated to NII 12,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,00,000 | 50.00% | 47.39% |
| Retail Shares Offered | 12,00,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,32,000 | 5.21% | |
| Total Shares Offered | 25,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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 | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 22.25 | 18.89 | 22.52 | 16.40 |
| Total Income | 14.60 | 19.49 | 16.37 | 10.90 |
| Profit After Tax | 0.16 | 0.30 | 0.20 | 0.09 |
| NET Worth | 9.79 | 9.62 | 9.32 | 9.21 |
| Reserves and Surplus | 2.94 | 2.78 | 2.48 | 2.37 |
| Total Borrowing | 6.61 | 6.85 | 5.14 | 2.39 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working capital requirements; | 4.14 |
| 2 | Repayment of Loans | 1.80 |
| 3 | General Corporate Purpose | 0.64 |
| KPI | |
|---|---|
| ROE | 3.17 |
| ROCE | 6.14 |
| RoNW | 3.12 |
| PAT Margin | 2.00% |
| EBITDA Margin | 7.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.44 | |
| P/E (x) | 121.74 | |
| Promoter Holding | 52.60% | 38.39% |
| Market Cap | ₹26.26 Cr. |
The Command Polymers IPO is subscribed 1.39 times on March 21, 2023 7:02:00 PM (Day 3). The public issue subscribed 0.98 times in the retail category, [.] times in the QIB category, and 1.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.81 | 12,00,000 | 21,72,000 |
| Retail | 0.98 | 12,00,000 | 11,72,000 |
| Total | 1.39 | 24,00,000 | 33,44,000 |
Total Application : 305
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.38 |
| 2 | Brokerage and selling commission | 0.02 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.09 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹26.75 |
| Low | ₹25.45 |
| High | ₹27.42 |
| Last Trade | ₹26.50 |
Lead Manager Reports
Command Polymers IPO is a SME IPO of 25,32,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Mar 17, 2023, and closes on Tue, Mar 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 Fri, Mar 17, 2023 and closes on Tue, Mar 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 Tue, Mar 28, 2023. Check the Command Polymers IPO allotment status.
The Command Polymers IPO listing date is on Wed, Mar 29, 2023.
