Command Polymers IPO GMP, Price, Dates & Allotment Details 2023
The Command Polymers IPO will open on March 17 and close on March 21, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 7.09 crore through this public offering, consisting of 2,532,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 28 per share.
Company is in the business of marketing and manufacturing polymer-based products, primarily polythene LF tubes, tarpoulin sheets, polyester fabrics, and other polymers. Its products have a wide variety of applications in several industries, such as the industrial packaging industry, the food industry, etc.
In FY2022, the manufacturing segment generated 67% of revenue, while the trading segment generated 33%.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Funding working capital requirements;
- Repayment of loans;
- General Corporate Purpose
Financial Highlights (Restated)
| Particulars | Period ended on 31st Dec. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 979 | 962 | 932 | 921 |
| Total Assets | 2,225 | 1,889 | 2,552 | 1,640 |
| Total Borrowings | 661 | 685 | 514 | 239 |
| Total Revenue | 1,460 | 1,949 | 1,637 | 1,090 |
| Profit After Tax | 16 | 30 | 20 | 9 |
Command Polymers IPO – Details
As per the DRHP filed with SEBI, a total of 25.32 lakh shares will be offered as part of the fresh issue on the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 132,000 shares of the offering. While Aryaman Financial Services limited will be the lead manager for the IPO, KFin Technologies Limited will be the registrar. It will be a Fixed Price Issue IPO, so there will be a price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 28 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 4,000 Shares |
| Issue Size | 2,532,000 shares of ₹ 10 (Aggregating up to ₹ 7.09 Crore) |
| Fresh Issue | 2,532,000 shares of ₹ 10 (Aggregating up to ₹ 7.09 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market maker portion | 132,000 shares |
| Listing At | BSE SME |
| Company Promoters | Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited |
GMP – Command Polymers IPO
Command Polymers’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Command Polymers IPO
The issue opens for subscription on March 17, 2023, and closes for subscription on March 21, 2023 (both days inclusive). The basis of allotment will be finalized on March 24th, 2023, and the refunds will be initiated on March 27th, 2023. In addition, the demat credits are expected to happen on March 28th, 2023, and the stock will list on March 29th, 2023, on the BSE SME segment.
| Opening Date | March 17, 2023 |
| Closing Date | March 21, 2023 |
| Basis of Allotment | March 24, 2023 |
| Initiation of Refunds | March 27, 2023 |
| Credit of shares to Demat A/c | March 28, 2023 |
| Listing Date | March 29, 2023 |
Lot Size – Command Polymers IPO
The lot size of the Command Polymers IPO is 4,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 4,000 shares of ₹ 112,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4,000 | ₹ 112,000 |
| Retail (Maximum) | 1 | 4,000 | ₹ 112,000 |
| HNI (Minimum) | 2 | 8,000 | ₹ 224,000 |
Promoters Holdings – Command Polymers IPO
| Pre-issue Shares Holdings | 52.60% |
| Post-issue Shares Holdings | 38.39% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Command Polymers Limited Mouza Malancha, J.L.No.87, P.O. Narayanpur, P.S Bhangar, District 24 Parganas (South) -743502 Phone: +91 98365 52178 Email: info@commandpolymers.com Website: http://www.commandpolymers.com/ |
| IPO Registrar | KFin Technologies Limited Phone: 04067162222, 04079611000 Email: cpl.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
| IPO Lead Manager(s) | Aryaman Financial Services limited |
FAQ’s
What is Command Polymers Ltd. IPO price?
The Command Polymers Ltd. IPO price is ₹ 28 per share.
What will be the Command Polymers Ltd. IPO lot size?
One lot of the Command Polymers Ltd. IPO contains 4,000 shares of ₹ 112,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Command Polymers Ltd. IPO allotment available?
The finalisation of the basis of allotment for the Command Polymers Ltd. IPO will be done on March 24, 2023, and the allotted shares will be credited to your demat account by March 28, 2023. Check the Command Polymers Ltd. IPO allotment status.
When will Command Polymers Ltd. IPO list on exchanges?
The Command Polymers Ltd. IPO shares listing date is March 29, 2023.
How many shares in Command Polymers Ltd. IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.
