March 29, 2023
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Command Polymers IPO Analysis at Chanakyanipothi.com,
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Command Polymers IPO Guidance:
The company is in the business of Marketing and Manufacturing Polymer based products and its market is highly competitive. The company has low profitability rate, and the offer price appears to be very high. The fancy in the grey market is low. You may apply/avoid the IPO.
Command Polymers IPO Grey Market updates
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Command Polymers IPO Subscription Status
On 21 March 2023 @ 5.00 (Closed)
NII: 1200000 Shares, 1.81T
RII: 1200000 Shares, 0.98T
Total: 2400000 Shares 1.39T
Command Polymers: Company Details
The company is in the business of Marketing and Manufacturing Polymer based products primarily Polythene LF Tube, Tarpoulin sheets, Polyester Fabrics and other polymers. Our products have a wide variety of applications in several industries such asIndustrial packaging industries, Food industry etc.
The manufacturing facility is located at Mouza Malancha, J.L.No.87, P.O. Narayanpur, P.S Bhangar, District 24 Parganas (South), West Bengal-743502 and is well equipped with the required facilities including machinery, other handling equipment’s to facilitate smooth manufacturing process and easy logistics.
It endeavors to maintain safety in its premises by adhering to key safety norms, established through its internal health and safety manual, accompanied by regular safety meetings.
For manufacturing its products, it purchases raw materials such as Low Density Polyethylene, Low Density Polyethylene, High density Polyethylene from leading suppliers like ONGC Petro Additions Limited, Vishambara Polymers Pvt Ltd etc in bulk quantities.
For more information about the company, Click www.commandpolymers.com
| Command Polymers IPO Details | |
| IPO opens on Tentative | 17 March 2023 |
| IPO closes on | 21 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2532000 Sh /Rs 7.09 Cr |
| * Fresh Issue | 2532000 Sh /Rs 7.09 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.28 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 4000Shares |
| Listing will at | BSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | – | – |
| NII (50 %) | 1200000 | 3.36 |
| RII (50 %) | 1200000 | 3.36 |
| Total Shares | 2400000 | 6.72 |
| Retail portion will be oversubscribed by | ||
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 4000 Sh | Rs. 112000 |
| Min HNI Application | 8000 Sh | Rs. 224000 |
Promoters of the IPO
Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue towards
1. Funding Working capital requirements.
2. Repayment of Loans.
| IPO Tentative timetable | |
| IPO opens on | 17 March 2023 |
| IPO Closes on | 21 March 2023 |
| IPO Allotment on | 24 March 2023 |
| Unblocking of ASBA | 27 March 2023 |
| Credit of Shares | 28 March 2023 |
| Listing on | 29 March 2023 |
| Registered Office of the Company |
| Mouza Malancha, J.L.No.87, P.O. Narayanpur, P.S Bhangar, District 24 Parganas (South), , West Bengal-743502 |
| IPO Lead Managers |
| ARYAMAN FINANCIAL SERVICES Ltd |
| Registrar to the IPO |
| KFIN TECHNOLOGIES Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 10.90 | 0.09 | 0.14 | 1.02 |
| 2020-21 | 16.37 | 0.20 | 0.29 | 2.11 |
| 2021-22 | 19.49 | 0.30 | 0.44 | 3.12 |
| Book Value of the Share on | 31.12.2022 | Rs.14.30 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 28 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 63.64 |
| Upper price/BV Ratio | 1.96 |
| Upper price/BV after IPO | – |
–
Command Polymers IPO Peer Comparison:
| As on date of DRHP | FV | Income | PE |
| Rs. | in Cr | Ratio of | |
| The IPO Company | 10 | 19.49 | 63.64 |
| GM Polyplast | 10 | 52.14 | 5.55 |
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