Command Polymers IPO vs Dev Labtech Venture IPO

Comparision between Command Polymers IPO and Dev Labtech Venture IPO.

IPO Details

Command Polymers IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Dev Labtech Venture IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Command Polymers IPO	Dev Labtech Venture IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Aryaman Financial Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker	Aryaman Capital Markets Limited	Sunflower Broking 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 Dev Labtech Venture IPO is up to ₹11.22 Cr. The final issue price of Command Polymers IPO is ₹28.00 per share and of Dev Labtech Venture IPO is ₹51.00 per share.

	Command Polymers IPO	Dev Labtech Venture IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹28.00 per share	₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	25,32,000 shares	22,00,000 shares
Fresh Issue Size (Amount)	up to ₹7.09 Cr	up to ₹11.22 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,32,000 shares	22,00,000 shares
Issue Size Total (Amount)	up to ₹7.09 Cr	up to ₹11.22 Cr

IPO Timetable

Command Polymers IPO opens on Mar 17, 2023, while Dev Labtech Venture IPO opens on Mar 17, 2023. The closing date of Command Polymers IPO and Dev Labtech Venture IPO is Mar 21, 2023, and Mar 21, 2023, respectively.

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

Financials

Command Polymers IPO P/E ratio is 121.74, as compared to Dev Labtech Venture IPO P/E ratio of 32.9.

Command Polymers IPO

Dev Labtech Venture 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

Dev Labtech Venture Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	711.23	1,178.85	0.04	144.80	123.84	154.05
31-Mar-21	713.73	1,228.11	3.65	148.45	127.50	177.53
31-Mar-22	888.24	2,698.01	43.62	192.07	66.35	122.58
30-Sep-22	1,166.65	966.43	64.12	717.86	232.17	114.52
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

52.60%

92.66%

Promoter Shareholding (Post-Issue)

38.39%

68.01%

P/E Ratio

121.74

32.9

Market Cap

₹26.26 Cr.

₹42.18 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 Dev Labtech Venture IPO retail investors are offered 12,00,000 shares. Qualified institutional buyers (QIB) are offered in Command Polymers IPO and in Dev Labtech Venture IPO.

	Command Polymers IPO	Dev Labtech Venture IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,32,000 shares	1,12,000 shares
QIB
NII	12,00,000 shares	10,44,000 shares
RII	12,00,000 shares	10,44,000 shares
Employee
Others
Total	24,00,000 shares	20,88,000 shares

Bids Received (Subscription)

Command Polymers IPO subscribed 1.39x in total, whereas Dev Labtech Venture IPO subscribed 5.47x.

	Command Polymers IPO	Dev Labtech Venture IPO
QIB (times)
NII (times)	1.81x	2.65x
Big NII (times)
Small NII (times)
RII (times)	0.98x	8.24x
Employee (times)
Other (times)
Total (times)	1.39x	5.47x

Compare with others

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

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