Associated Coaters IPO Review

 
Associated Coaters IPO Review

IPO Open Date: May 30, 2024

IPO Close Date: June 3, 2024

IPO Price: ₹121 per share

Lot Size: 1000 Shares

Listing: June 6, 2024

Associated Coaters is scheduled to hit the market on May 30, 2024 and close on June 03, 2024. Associated Coaters plans to raise around ₹5.11 Cr through an IPO with a sale of up to 422,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.

Founded in 2017, Associated Coaters Limited specializes in providing pre-treatment and powder coating services for aluminium extrusions, catering to the architectural and Real Estate Industries. With an annual capacity of 1,200 metric tons, the company houses both an Automatic Coating Plant and a Manual Coating Plant, solidifying its position as a prominent player in eastern India for aluminium extrusion coating. Operating two manual powder coating plants alongside a fully automatic powder coating plant established in July 2017, the company prides itself on maintaining a robust Quality Management System as an ISO 9001:2015-certified organization.

As of November 30, 2023, Associated Coaters Limited had a dedicated team of 15 employees occupying various roles within the organization. Their commitment to quality and efficiency has helped the company establish itself as a trusted provider of coating services in the region, further enhancing its reputation in the industry.

Associated Coaters



Associated Coaters IPO Details

Associated Coaters IPO opens on May 30, 2024, and closes on June 03, 2024. The Listing date for Associated Coaters IPO is on June 06, 2024. The price band for IPO is ₹121 per share and lot size of 1000 Shares.

IPO DateMay 30, 2024 to June 03, 2024
Listing DateJune 06, 2024
Price₹121 per share
Lot Size1000 Shares
Issue Size₹5.11 Cr
Face Value₹10 per share

Associated Coaters IPO Tentative Timetable

Associated Coaters opening date is May 30, 2024 and close date is June 03, 2024. The IPO allotment date is June 04, 2024. The refund initiation of IPO is on June 05, 2024. The credit of shares in demat account is on June 05, 2024. The listing date is on June 06, 2024.

EventDate
IPO OpeningMay 30, 2024
IPO ClosingJune 03, 2024
IPO Allotment DateJune 04, 2024
Refund InitiationJune 05, 2024
Shares Credit to DematJune 05, 2024
Lisiting DateJune 06, 2024

Associated Coaters IPO Lot Size

Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121,000).

CategoryLotsSharesAmount
Retail(Minimum)11000₹121,000
Retail(Maximum)11000₹121,000
HNI (Minimum)22000₹242,000

Associated Coaters IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding

Associated Coaters IPO Review

Associated Coaters Limited, founded in 2017 by Jagjit Singh Dhillon and Navneet Kaur, is set to launch its Initial Public Offering (IPO) with a market capitalization of Rs 16.36 Cr. The company specializes in pre-treatment and powder coating of aluminium extrusions, catering primarily to the architectural and Real Estate Industries in eastern India. With an impressive annual capacity of 1,200 metric tons and a strong Quality Management System as an ISO 9001:2015-certified organization, Associated Coaters Limited has positioned itself as a key player in the industry.

In terms of financial performance, Associated Coaters Limited has shown significant growth, with a remarkable 157.47% increase in revenue and a 297.22% rise in profit after tax between the financial years ending March 31, 2023, and March 31, 2022. The company's assets, revenue, profit after tax, net worth, and reserves have all shown substantial growth over the years, indicating a positive trajectory. Moreover, the Pre-IPO earnings per share (EPS) stands at Rs 5.84, with a Pre-IPO price-to-earnings ratio (P/E) of 20.72, showcasing a promising investment opportunity for potential investors.

The objectives of the IPO include funding capital expenditure for plant & machinery, meeting working capital requirements, and addressing general corporate purposes. With its solid financial performance, strong market position, and clear utilization plans for the IPO proceeds, Associated Coaters Limited presents an attractive investment opportunity for those looking to participate in the growth story of a company with a proven track record and a strategic growth roadmap.

Associated Coaters IPO Subscription Status (Bidding Details)

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Associated Coaters IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Associated Coaters IPO FAQs

What is Associated Coaters IPO?

Associated Coaters is issuing 422,000 equity shares with a face value of 10 each, totaling up to ₹5.11 Cr. The shares are being offered at a price of ₹121 each, with a minimum order quantity of 1000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Associated Coaters IPO will open?

Associated Coaters will open on May 30, 2024 for QIB, NII, and Retail Investors.

When Associated Coaters IPO will end?

Associated Coaters will end on June 03, 2024.

What is Associated Coaters IPO Size?

Associated Coaters IPO size is 5.11 Cr.

What is Associated Coaters IPO Price Band?

Associated Coaters price band is ₹121 per share.

What is the Associated Coaters IPO Allotment Date?

Associated Coaters allotment date is June 04, 2024.

What is the Associated Coaters IPO Listing Date?

Associated Coaters listing date is June 06, 2024. The IPO is to be listed on BSE and NSE.

How to Associated Coaters IPO through Zerodha?

To apply for the IPO “Associated Coaters” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Associated Coaters IPO through Upstox?

To apply for the IPO “Associated Coaters” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Associated Coaters IPO Allotment Status?

For Associated Coaters IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Associated Coaters IPO GMP?

You can check out here: Associated Coaters IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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