Select Page

Command Polymers IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Funding working capital requirements;
  2. Repayment of loans;
  3. General Corporate Purpose

Financial Highlights (Restated)

ParticularsPeriod ended on 31st Dec. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth979962932921
Total Assets2,2251,8892,5521,640
Total Borrowings661685514239
Total Revenue1,4601,9491,6371,090
Profit After Tax1630209
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 28 per share
Face Value₹ 10 per share
Market Lot4,000 Shares
Issue Size2,532,000 shares of ₹ 10  (Aggregating up to ₹ 7.09 Crore)
Fresh Issue2,532,000 shares of ₹ 10  (Aggregating up to ₹ 7.09 Crore)
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market maker portion132,000 shares
Listing AtBSE SME
Company PromotersKundan 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 DateMarch 17, 2023
Closing DateMarch 21, 2023
Basis of AllotmentMarch 24, 2023
Initiation of RefundsMarch 27, 2023
Credit of shares to Demat A/cMarch 28, 2023
Listing DateMarch 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)14,000₹ 112,000
Retail (Maximum)14,000₹ 112,000
HNI (Minimum)28,000₹ 224,000

Promoters Holdings – Command Polymers IPO

Pre-issue Shares Holdings52.60%
Post-issue Shares Holdings38.39%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationCommand Polymers Limited
Mouza Malancha, J.L.No.87, P.O. Narayanpur, P.S Bhangar,
District 24 Parganas (South) -743502
Phone: +91 98365 52178
Email: [email protected]
Website: http://www.commandpolymers.com/
IPO RegistrarKFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
IPO Lead Manager(s)Aryaman Financial Services limited

FAQ’s

The Command Polymers Ltd. IPO price is ₹ 28 per share.

One lot of the Command Polymers Ltd. IPO contains 4,000 shares of ₹ 112,000.

The minimum investment size is one lot for retail investors.

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.

The Command Polymers Ltd. IPO shares listing date is March 29, 2023.

The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT

No comments to show.