Command Polymers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 22, 2023Let’s have a detailed review of the company and analytics of the Command Polymers IPO release date, IPO offer price, subscription, Command Polymers Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 28 |
| Listing At | BSE, SME |
| Min. Order Quantity | 4000 Shares |
| Listing Date | Mar 29, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 709 Lakh |
| IPO Size | Rs 709 Lakh |
| Tick Size | 1 |
Command Polymers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Command Polymers Share Price |
Command Polymers IPO – Summary
They are in the business of Marketing and Manufacturing Polymer-based products primarily Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics and other polymers. Their products have a wide variety of applications in several industries such as industrial packaging industries, the Food industry etc.
Their Company is controlled by Mr Vishnu Kumar Agarwal who looks after the affairs of the Company and has considerable experience in their Industry. They believe their success is the result of sustained efforts over the years in key aspects of their business, such as products, process improvements and increased scale of operations.
The Promoter of this company is Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.
Command Polymers IPO Date
The opening and closing dates of Command Polymers IPO are Mar 17, 2023, and Mar 21, 2023, respectively.
Command Polymers IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 17th Mar | 1.13x | 0.07x | 0.60x |
| 2nd Day – 20th Mar | 1.79x | 0.30x | 1.04x |
| 3rd Day – 21st Mar | 1.79x | 0.33x | 1.06x |
| Shares Offered or Net Issue | 1,200,000 | 1,200,000 | 2,400,000 |
The shares subscribed by the public will be updated here.
Command Polymers IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Command Polymers Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 24, 2023 |
| Refunds Initiation | Mar 27, 2023 |
| Credit of Shares to Demat Account | Mar 28, 2023 |
| Share Listing Date | Mar 29, 2023 |
Command Polymers IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.28
Command Polymers IPO Equity Size
This Initial Public Issue of 2,532,000 Equity Shares of Rs.10 each for cash at a price of Rs.28 per equity share aggregating to Rs.709 Lakh.
Command Polymers IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,532,000 Equity Shares of Rs.10/ each.
Issue Size: 2,532,000 Equity Shares of Rs.10 each, aggregating to Rs.709 Lakh
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Command Polymers IPO – Live Performance
The listing date of this IPO is Mar 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Command Polymers Share Price |
Command Polymers IPO Grey Market Premium
The Command Polymers Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Command Polymers IPO – Company Overview
They have a qualified and professional management team with significant experience in all operational aspects of their business. They believe that the industry experience of their management team and their ability to deliver consistent sales growth are their significant strengths.
Their management comprises of professionals who have the requisite academic background and relevant industry experience. Mr.Vishnu Kumar Agarwal, Managing Director has an experience of 11 years in the Polymers Industry.
Mr. Vishnu Kumar Agarwal provides strategic leadership to the Company and is also closely involved in their operations.
They believe that their management team’s in-depth understanding of target markets and consumer demand and preferences has enabled them to continue to grow their business and expand their operations internationally. They believe that their experience, knowledge and human resources will enable them to drive the business in a successful and profitable manner
Command Polymers IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,225.23 | 1,889.12 | 2,252.48 | 1640.40 |
| *Total Revenue | 1,460.15 | 1,948.50 | 1,636.76 | 1,089.84 |
| Total Expense | 1,427.20 | 1,913.48 | 1,609.57 | 1077.76 |
| Profit After Tax | 16.16 | 30.02 | 19.64 | 9.43 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.24 | 0.44 | 0.29 | 0.14 |
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 16.16 Lakh, Rs. 30.02 Lakh, Rs. 19.64 Lakh and Rs. 9.43 Lakh respectively.
Command Polymers IPO – Promoters
The Promoter of this company is:
- Kundan Vinimay Private Limited,
- Sukhjit Consultants Limited,
- Sukhdhan Vinimay Private Limited
- Ridhi Sidhi Advisory Private Limited
List of Related Parties (Key Managerial Personnel)
- Vishnu Kumar Agarwal, Chairman cum Managing Director
- Guddi Gupta, Executive Director
- Purshotam Agrawal, Non-Executive Director
- Shikha Singhal, Independent Director
- Rashi Rathi, Independent Director
Command Polymers IPO – Promoters Holding
- Pre-Issue Share Holding – 52.60%
- Post-Issue Share Holding – 38.39%
Command Polymers IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 25,32,000 Equity Shares aggregating up to Rs.709 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,32,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 24,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 12,00,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 12,00,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 68,44,700 Equity Shares |
| Equity Shares outstanding after the Issue | 93,76,700 Equity Shares |
Command Polymers IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding Working capital requirements;
2. Repayment of Loans;
3. General Corporate Purpose
Command Polymers IPO – Business Strategy
- Expand their customer base
- Expand their existing product portfolio
- Strengthen their marketing network
- Building – up as a Professional Organization
Command Polymers IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Management Team
- Existing relationships with suppliers
- Quality Assurance
- Smooth flow of operations
- Scalable Business Model
- Their Product enables them to serve diversified industries
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 0.44 | 3.12 | 14.30 |
| 31-Mar-21 | 0.29 | 2.11 | – |
| Mar-20 | 0.14 | 1.02 | – |
Command Polymers IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Command Polymers Limited | 10 | [●] | 0.44 | 3.12 | 1,948.50 |
| Listed Peers | |||||
| G M Polyplast Limited | 10 | 5.55 | 21.81 | 20.52% | 5,214.37 |
Command Polymers IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg Fort, Mumbai – 400 001 Tel No.: +91 22 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Vatsal Ganatra SEBI Registration No. INM000011344 |
Command Polymers IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Tel No.: +91 40 6716 2222 Email: cpl.ipo@kfintech.com Tel No.: +91 40 6716 2222 Website: www.kfintech.com Investor Grievance Email: einward.ris@kfintech.com Contact Person: Mr M. Murali Krishna SEBI Registration No.: INR000000221 |
Command Polymers IPO – Other Details
- Statutory Auditor – M/s. V. N. Purohit & CO., Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Command Polymers IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Command Polymers Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Command Polymers IPO Review FAQs
Check out various FAQs related to Command Polymers IPO:
What is the Issue Size of Command Polymers IPO?
The Company is making an initial public offer of 2,532,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Command Polymers IPO?
The price band for this particular IPO ranges between Rs 28. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Command Polymers IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 17, 2023, while the closing date is set for Mar 21, 2023.
What is the Command Polymers IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 24, 2023, refund initiation is on Mar 27, 2023, credit of shares is on Mar 28, 2023, and share listing date is on Mar 29, 2023.
What is the Command Polymers IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 29, 2023. The date, when the listing would be done, is stagnant on Mar 29, 2023.
Who is the Registrar of Command Polymers IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Command Polymers IPO?
Here are the promoters of this IPO – Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Command Polymers?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Command Polymers good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Command Polymers Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 30.02, 2021 is 19.64, and 2020 is 9.43. PAT from Dec 2022 is 16.16.
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