Command Polymers IPO vs Nirman Agri Genetics IPO

Comparision between Command Polymers IPO and Nirman Agri Genetics IPO.

IPO Details

Command Polymers IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Nirman Agri Genetics IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Command Polymers IPO	Nirman Agri Genetics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	First Overseas Capital Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Aryaman Capital Markets Limited	Nnm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Command Polymers IPO is up to ₹7.09 Cr whereas the issue size of the Nirman Agri Genetics IPO is up to ₹20.30 Cr. The final issue price of Command Polymers IPO is ₹28.00 per share and of Nirman Agri Genetics IPO is ₹99.00 per share.

	Command Polymers IPO	Nirman Agri Genetics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹28.00 per share	₹99.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	25,32,000 shares	20,50,800 shares
Fresh Issue Size (Amount)	up to ₹7.09 Cr	up to ₹20.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,32,000 shares	20,50,800 shares
Issue Size Total (Amount)	up to ₹7.09 Cr	up to ₹20.30 Cr

IPO Timetable

Command Polymers IPO opens on Mar 17, 2023, while Nirman Agri Genetics IPO opens on Mar 15, 2023. The closing date of Command Polymers IPO and Nirman Agri Genetics IPO is Mar 21, 2023, and Mar 20, 2023, respectively.

	Command Polymers IPO	Nirman Agri Genetics IPO
Anchor Bid Date
Issue Open	Mar 17, 2023	Mar 15, 2023
Issue Close	Mar 21, 2023	Mar 20, 2023
Basis Of Allotment (Tentative)	Mar 24, 2023	Mar 23, 2023
Initiation of Refunds (Tentative)	Mar 27, 2023	Mar 24, 2023
Credit of Share (Tentative)	Mar 28, 2023	Mar 27, 2023
Listing date (Tentative)	Mar 29, 2023	Mar 28, 2023
Anchor Lockin End date 1	Apr 23, 2023	Apr 22, 2023
Anchor Lockin End date 2	Jun 22, 2023	Jun 21, 2023

Financials

Command Polymers IPO P/E ratio is 121.74, as compared to Nirman Agri Genetics IPO P/E ratio of 14.93.

Command Polymers IPO

Nirman Agri Genetics IPO

Financial

Command Polymers Limited Financial Information (Restated)
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

Nirman Agri Genetics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-21	164.06	382.21	5.47	6.47	99.19
31-Mar-22	595.87	1,348.91	256.02	264.41	124.67
31-Oct-22	915.70	1,804.28	230.44	447.51	171.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

52.60%

99.99%

Promoter Shareholding (Post-Issue)

38.39%

65.59%

P/E Ratio

121.74

14.93

Market Cap

₹26.26 Cr.

₹59.01 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Command Polymers IPO retail investors (RII) are offered 12,00,000 shares while in Nirman Agri Genetics IPO retail investors are offered 12,00,000 shares. Qualified institutional buyers (QIB) are offered in Command Polymers IPO and in Nirman Agri Genetics IPO.

	Command Polymers IPO	Nirman Agri Genetics IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,32,000 shares	1,04,400 shares
QIB
NII	12,00,000 shares	9,73,200 shares
RII	12,00,000 shares	9,73,200 shares
Employee
Others
Total	24,00,000 shares	19,46,400 shares

Bids Received (Subscription)

Command Polymers IPO subscribed 1.39x in total, whereas Nirman Agri Genetics IPO subscribed 1.71x.

	Command Polymers IPO	Nirman Agri Genetics IPO
QIB (times)
NII (times)	1.81x	1.22x
Big NII (times)
Small NII (times)
RII (times)	0.98x	2.20x
Employee (times)
Other (times)
Total (times)	1.39x	1.71x

Compare with others

Command Polymers IPO	Nirman Agri Genetics IPO
Exhicon Events IPO	MOS Utility IPO
Sotac Pharmaceuticals IPO	Infinium Pharmachem IPO
MOS Utility IPO	Maiden Forgings IPO
Infinium Pharmachem IPO	Command Polymers IPO
Maiden Forgings IPO	Dev Labtech Venture IPO
Dev Labtech Venture IPO	Labelkraft Technologies IPO
Nirman Agri Genetics IPO	VELS Film International IPO
Labelkraft Technologies IPO	Bright Outdoor Media IPO
VELS Film International IPO	Prospect Commodities IPO
Bright Outdoor Media IPO	Quality Foils (India) IPO

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