Command Polymers IPO will open for subscription from 17 March 2023. the company aims for an issue size of ₹7.09 Cr through this IPO.
About Company
Command Polymers is in the business of marketing and manufacturing polymer-based products primarily Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers. Its products have a wide variety of applications in several industries such as industrial packaging industries, the food industry, etc. The company’s manufacturing facility is located in district 24 Parganas (South), West Bengal, and is well-equipped with the required equipment including machinery, and other handling equipment to facilitate a smooth manufacturing process and easy logistics.
As on 31 December 2022, the company has the following plant and machinery at its manufacturing facility:
- UPS & Inverter
- Tape Extruder Plant
- Extrusion Machine
- Plastic Extrusion Multifoil Machine
- Machine Monitoring Control Systems
- Plastics Processing Extrusion Machine
- Circular Loom Machine
- Weaving Machine
Basic details about the company
| Full name | Command Polymers Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | http://www.commandpolymers.com/ |
The objective of the Issue
- Funding Working capital requirements;
- Repayment of Loans;
- General Corporate Purpose.
IPO Timetable
| IPO Opening date | 17 March 2023 |
| IPO Closing | 21 March 2023 |
| Basis of Allotment | 24 March 2023 |
| Initiation Refund | 27 March 2023 |
| Credit to Demat Account | 28 March 2023 |
| Listing Date | 29 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹7.09 Cr – 2,532,000 shares |
| Fresh Issue | ₹7.09 Cr – 2,532,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹28 per share |
| Lot size | 4000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| HNI (Min) | 2 | 8,000 | ₹224,000 |
Reservation Details
| QIB Shares Offered | Nil |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 1,089.39 | 1,634.76 | 1,947.48 | 1,444.49 |
| Expenses | 1077.76 | 1,609.57 | 1,913.48 | 1,427.20 |
| Net income | 9.43 | 19.64 | 30.02 | 16.16 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.14 | 0.29 | 0.44 |
| PE ratio | – | – | 63.63 |
| RONW (%) | 1.02 | 2.11 | 3.12 |
| NAV | – | – | 14.06 |
| ROCE (%) | 3.10 | 4.14 | 6.14 |
| EBITDA (%) | 6.04 | 5.74 | 7.26 |
| Debt/Equity | 0.26 | 0.55 | 0.71 |
Company Promoters
- Kundan Vinimay Private Limited
- Sukhjit Consultants Limited
- Sukhdhan Vinimay Private Limited
- Ridhi Sidhi Advisory Private Limited
Promoter Holding
| Pre Issue Share Holding | 52.60% |
| Post Issue Share Holding | 38.39% |
Lead Manager
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Phone : +91 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222
Email: cpl.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
COMMAND POLYMERS LIMITED
Mouza Malancha, J.L.No.87,
P.O. Narayanpur, P.S Bhangar,
District 24 Parganas (South), West Bengal-743502
Phone: +91 98365 52178
E-mail: info@commandpolymers.com
Website: www.commandpolymers.com
Allotment Status
Command Polymers IPO allotment status will be available on KFin Tech website. Click on this link to get allotment status.
Final thoughts
Command Polymers IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
