Command Polymers was incorporated on October 12, 1998. The company 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 and food.
| Bidding Dates |
|---|
| 17 Mar 2023 - 21 Mar 2023 |
| Subscription |
|---|
| 1.39x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,000 | 1 | 1 | 4000 | 2.5 M | ₹28 | 73 % | ₹70.9 M | RHP DOC |
Command Polymers IPO SUBSCRIPTION STATUS
21 Mar '23Command Polymers IPO overall subscription rate was 1.39 times the total available shares
Command Polymers IPO retail subscription rate was 0.98 times in the retail segment
Command Polymers IPO non-institutional investor subscription rate was 1.81 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Mar 2023 (Day 3) | 0.98x | 1.81x | - |
20 Mar 2023 (Day 2) | 0.3x | 1.79x | - |
17 Mar 2023 (Day 1) | 0.07x | 1.13x | - |
Command Polymers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | 1.6 | 144.4 | 42.2 | 9.0 | 6.7% |
| FY22 | 3.0 | 194.7 | -29.8 | -48.0 | 7.3% |
| FY21 | 2.0 | 163.5 | -17.6 | -34.5 | 5.7% |
| FY20 | 0.9 | 108.9 | 11.2 | 3.3 | 14.7% |
Command Polymers IPO SUBSCRIPTION STATUS DETAILS
Command Polymers had 2.5 M shares on offer
Command Polymers IPO offer price was ₹28
Command Polymers IPO minimum Investment was ₹112000
Command Polymers IPO issue size was ₹ 70.9 M
Command Polymers had a minimum lot size of 4000 Shares per application
Command Polymers NUMBER OF SHARES ON OFFER
Command Polymers IPO IMPORTANT DATES
| Issue Open Date | 17 Mar 2023 |
| Issue close Date | 21 Mar 2023 |
| Allotment Date | 24 Mar 2023 |
| Refund Date | 27 Mar 2023 |
| Demat Account Credit Date | 28 Mar 2023 |
| Listing Date | 29 Mar 2023 |
| Listing on Exchange(s) | BSE |
| Command Polymers Allotment Status | Exchange |
Command Polymers IPO subscription opened on 17 Mar 2023, and closed on 21 Mar 2023
IPO allotment for Command Polymers was finalized on Friday, 24 Mar 2023
IPO listing for Command Polymers was on BSE on Wednesday, 29 Mar 2023
Command Polymers IPO LISTING GAINS
| Issue Price (adjusted) | 28.0 |
| Listing Open Price | 26.8 |
| Listing Close Price | 26.5 |
| Listing Gain% | -4.5% |
| Current Gain% | -22.0% |
Command Polymers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Command Polymers Ltd. | 21.8 | 20.5 | 39.8 | -5 | 1.9 | 3.2 | 1.5 | 10.8 | -6 | 0.5 | -7.9 | 0.5 | -7.9 |
| Supreme Industries Ltd. | 3442 | 43722.7 | 42.4 | 2.6 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1444 | 38793.1 | 72.3 | 29.6 | 5.9 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3162.3 | 14531.6 | 82.2 | 1.6 | 14.2 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 164.4 | 10202.5 | 16.6 | 0.3 | 2.6 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Time Technoplast Ltd. | 204.9 | 10113.6 | 20.6 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
Command Polymers INFORMATION ON IPO ISSUE
About Command Polymers
Command Polymers was incorporated on October 12, 1998. The company 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 and food.
Object of the Issue
- Funding working capital requirements
- Repayment of loans
- General corporate purpose
Command Polymers - PROMOTERS
| Name |
|---|
| Kundan Vinimay Private Limited |
| Sukhjit Consultants Limited |
| Sukhdhan Vinimay Private Limited |
| Ridhi Sidhi Advisory Private Limited |
Command Polymers Lead Manager To The Issue
Aryaman Financial Services
ipo@afsl.co.in
Command Polymers Registrar to the issue
Kfin Technologies Private Limited
cpl.ipo@kfintech.com
Command Polymers Strengths
Quality assurance
All manufacturing facilities have fully equipped quality divisions with experienced and qualified staff to carry out quality checks and inspections at all stages of the manufacturing process
Existing client relations
The company maintains good relationships with major customers and is also successful in building a strong client base for the business. Its existing relationships help it get repeat business
Scalable business model
The company's business model is order-driven and comprises optimum utilisation of its manufacturing, processing and trading facilities, maximum capacity utilisation, developing linkages with quality raw material suppliers and achieving consequent economies of scale
Command Polymers Risks
Legal proceedings
Its Managing Director is involved in certain legal proceedings which, if determined against the company, could adversely affect the business and financial condition
Dependent on few clients
A substantial portion of the revenues is dependent on a few clients. The loss of any one or more of these major clients will have a material effect on the business operations and profitability
Negative cash flow
The company has had negative cash flow in recent fiscals. Sustained negative cash flow could adversely impact the business, financial condition and results of operations
IPO FAQs
The promoters of the company are Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 28.0 - 28.0.
The IPO application opens on Mar 17, 2023 and closes on Mar 21, 2023.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Mar 24, 2023.
The refund will be credited to your account on Mar 27, 2023.
The allotted shares will be credited to your demat on Mar 28, 2023.
Command Polymers Ltd.’s shares listed on the stock exchanges on Mar 29, 2023.