Command Polymers IPO

About Company

Incorporated in 1998, Command Polymers Limited is in the business of Marketing and Manufacturing Polymer-based products. They manufacture polymer-based products such as Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers, which have wide use cases in various sectors like food and beverage, pharmaceutical, industrial packaging industries, agricultural sector, etc.

They have two core operations of manufacturing and marketing polymer-based products. In FY21, 67% of the company’s revenue was from manufacturing activities and 33% from trading actions.

Command Polymers Limited hiring unit in 24 Parganas (South), West Bengal. The facility is well-equipped with all the necessary machinery and tools for an efficient and smooth manufacturing process and easy logistics.

Command Polymers IPO containing 2,532,000 shares worth Rs.7.09 crore will open for subscription on March 17, 2023. The price band for the fixed issue IPO is set at Rs.28 per share for a lot size of 4000 shares per lot.

Bidding Dates
17 Mar ’23 – 21 Mar ’23
Price Range
₹28
Minimum Investment
₹112,000 / 1 Lots ( 4000 Shares )
Maximum Investment
₹112,000 / 1 Lots ( 4000 Shares )
Investor category and sub category
Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors    
Issue Size
Rs.7.09 Cr

Command Polymers IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date
Mar 17, 2023
IPO Closing Date
Mar 21, 2023
Basis of Allotment
Mar 24, 2023
Initiation of Refunds
Mar 27, 2023
Credit of Shares to Demat
Mar 28, 2023
IPO Listing Date
Mar 29, 2023

IPO Subscription Details

DateNIIRetailTotal
Day 1
Mar 17, 2023
1.130.070.60
Day 2
Mar 20, 2023
1.790.301.04
Day 3
Mar 21, 2023
1.810.981.39

Command Polymers IPO Subscription Status Live

Investor CategorySubscription (Times)
Qualified Institutions Buyer[.]
Non-Institutional Buyers1.81
Retail Investors0.98
Employees[.]
Other[.]
Total1.39

Command Polymers Ltd. IPO Objective

  • Repayment of certain loans

  • Meet working capital requirement 

  • General corporate purposes

Should you invest in Command Polymers Ltd.?

These are the top reasons to consider investing in Command Polymers Ltd.

  • Polymer-based products have wide-scale industrial use, which allows Command Polymers Limited to cater to multiple industry types.

  • The company has a scalable business model supported by a well-equipped manufacturing unit for smooth manufacturing and logistics.

  • The company has experienced management and promoters.

Command Polymers Ltd. Noteworthy highlights

  • The company recorded steady operating revenue and profit growth in the last three fiscals. 

  • Their income from the top 10 customers constitutes 94% of their revenue from operations.

As of March 31, 2022, the total installed capacity of their manufacturing unit was 15,120 kg.

IPO Financials

ParticularsYear ending on March 31, 2022 (₹ Lakh)Year ending on March 31, 2021 (₹ Lakh)Year ending on March 31, 2020 (₹ Lakh)
Revenue from Operations1,947.481,634.761,089.39
Profit After Tax (PAT)30.0219.649.43
PAT Margin1.541.200.87
EBITDA141.3293.87159.71
EBITDA %7.265.7414.66
Current Asset1.178.921,688.511213.97
Current Liabilities872.891270.28674.38

Know before investing

Strengths

  • They operate with a scalable model that allows them to adjust to changing market preferences and possibilities of new markets.

  • Their product enables them to cater to multiple industry clients.

  • For the smooth functioning of operations, they have formed long-term relationships with suppliers and customers.

Risks

  • Some legal cases are pending against the company’s MD, which might impact their future profitability.

  • The industry is highly regulated, and increasing environmental concerns might impact their future revenue.

  • As on December 31, 2022, the company had a total debt of Rs.661.04 lakh.

Click Here to Apply For Command Polymers Ltd. IPO

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