Command Polymers IPO: GMP, Price, Dates and size

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Command Polymers Limited was established in 1998 and specializes in manufacturing and marketing polymer-based products such as Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers. The products offered by the company have a wide range of applications in various industries including industrial packaging, food, and more. The company’s versatility and scale enable it to cater to multiple industries, and its scope is continuously expanding. 

The company’s revenue is primarily generated through two main activities, manufacturing, and trading, which contribute to 67% and 33% of the total revenue respectively. With its commitment to quality and innovation, Command Polymers Limited has been successful in establishing itself as a reliable player in the polymer industry, and continues to explore new opportunities for growth. 

Command Polymers

Command Polymers IPO Details 

IPO Date Mar 17, 2023 to Mar 21, 2023 
Listing Date Mar 29, 2023 
Face Value ₹10 per share 
Price ₹28 per share 
Lot Size 4000 Shares 
Total Issue Size 2,532,000 shares 
(aggregating up to ₹7.09 Cr) 
Fresh Issue 2,532,000 shares 
(aggregating up to ₹7.09 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At BSE SME 
ITCONS E-Solutions IPO: GMP, Price, Dates and size

Command Polymers IPO Tentative Timetable 

Event Tentative Date 
Opening Date Mar 17, 2023 
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 
Listing Date Mar 29, 2023 
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day 

Industry Overview 

The polymer industry is a growing industry, driven by the increasing demand for polymer-based products in various sectors such as packaging, construction, automotive, and textiles. The global polymer market size was valued at USD 625.9 billion in 2020, and it is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2021 to 2028. 

Within this industry, Command Polymers specializes in manufacturing and marketing polymer-based products such as Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers. The company caters to various industries such as industrial packaging and food, among others. With its commitment to quality and innovation, the company has been able to establish itself as a reliable player in the polymer industry. 

Company Financials  

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing 
31-Mar-20 1,640.40 1,089.84 9.43 921.39 236.92 238.57 
31-Mar-21 2,252.48 1,636.76 19.64 932.37 247.90 514.25 
31-Mar-22 1,889.12 1,948.50 30.02 962.39 277.92 685.14 
31-Dec-22 2,225.23 1,460.15 16.16 978.56 294.09 661.04 
Amount in ₹ Lakhs 

Objects of the Issue 

The company proposes to utilize the Net Proceeds from Issue towards funding the following objects: 

  1. Funding Working capital requirements; 
  1. Repayment of Loans; 
  1. General Corporate Purpose 

Command Polymers IPO Prospectus

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
Websitehttp://www.commandpolymers.com/

Command Polymers IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Websitehttps://karisma.kfintech.com/

Command Polymers IPO Lead Manager(s)

  1. Aryaman Financial Services limited (Past IPO Performance)

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