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
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Mar 17, 2023 | 1.13 | 0.07 | 0.60 |
| Day 2 Mar 20, 2023 | 1.79 | 0.30 | 1.04 |
| Day 3 Mar 21, 2023 | 1.81 | 0.98 | 1.39 |
Command Polymers IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | [.] |
| Non-Institutional Buyers | 1.81 |
| Retail Investors | 0.98 |
| Employees | [.] |
| Other | [.] |
| Total | 1.39 |
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
| Particulars | Year ending on March 31, 2022 (₹ Lakh) | Year ending on March 31, 2021 (₹ Lakh) | Year ending on March 31, 2020 (₹ Lakh) |
|---|---|---|---|
| Revenue from Operations | 1,947.48 | 1,634.76 | 1,089.39 |
| Profit After Tax (PAT) | 30.02 | 19.64 | 9.43 |
| PAT Margin | 1.54 | 1.20 | 0.87 |
| EBITDA | 141.32 | 93.87 | 159.71 |
| EBITDA % | 7.26 | 5.74 | 14.66 |
| Current Asset | 1.178.92 | 1,688.51 | 1213.97 |
| Current Liabilities | 872.89 | 1270.28 | 674.38 |
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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