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Associated Coaters IPO vs United Cotfab IPO

Comparison between Associated Coaters IPO and United Cotfab IPO.

IPO Details

Associated Coaters IPO is a SME Fixed Price IPO proposed to list at BSE SME while United Cotfab IPO is a SME Fixed Price proposed to list at BSE SME.

 Associated Coaters IPOUnited Cotfab IPO
LogoAssociated Coaters IPO LogoUnited Cotfab IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersGretex Corporate Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Associated Coaters IPO is up to ₹4.31 Cr whereas the issue size of the United Cotfab IPO is up to ₹34.47 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of United Cotfab IPO is ₹70.00 per share.

 Associated Coaters IPOUnited Cotfab IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹121.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size3,56,000 shares49,24,000 shares
Fresh Issue Size (Amount)up to ₹4.31 Crup to ₹34.47 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,56,000 shares49,24,000 shares
Issue Size Total (Amount)up to ₹4.31 Crup to ₹34.47 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of Associated Coaters IPO and United Cotfab IPO is Jun 03, 2024, and Jun 19, 2024, respectively.

 Associated Coaters IPOUnited Cotfab IPO
Anchor Bid Date
Issue OpenMay 30, 2024Jun 13, 2024
Issue CloseJun 03, 2024Jun 19, 2024
Basis Of Allotment (Tentative)Jun 04, 2024Jun 20, 2024
Initiation of Refunds (Tentative)Jun 05, 2024Jun 21, 2024
Credit of Share (Tentative)Jun 05, 2024Jun 21, 2024
Listing date (Tentative)Jun 06, 2024Jun 24, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Associated Coaters IPO P/E ratio is 20.72, as compared to United Cotfab IPO P/E ratio of 9.7.

 Associated Coaters IPOUnited Cotfab IPO
Financials

Associated Coaters Limited Financial Information (Restated)

Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets364.74296.12201.812.72
Total Income397.00358.94139.41
Profit After Tax75.7754.3013.67-0.14
Net Worth141.1170.3416.052.38
Reserves and Surplus48.1167.3413.05-0.62
Total Borrowing9.909.9010.100.20
Amount in ₹ Lakhs

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,168.465,367.711,559.95107.10
Total Income11,552.7464.021.88
Profit After Tax866.6513.931.60-0.11
Net Worth1,356.42993.56681.970.22
Reserves and Surplus188.10
Total Borrowing4,750.933,821.18773.47106.50
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)68.7969.84
P/E Ratio20.729.7
Market Cap₹16.36 Cr.₹120.33 Cr.
ROE71.66%72.76%
ROCE68.30%26.95%
Debt/Equity0.073.42
EPS₹5.84₹7.22
RoNW53.69%63.89%

Shares Offered

In the Associated Coaters IPO Retail Individual Investors (RII) are offered 1,78,000 shares while in United Cotfab IPO retail investors are offered 1,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Associated Coaters IPO and in United Cotfab IPO.

 Associated Coaters IPOUnited Cotfab IPO
Anchor Investor Reserveration
Market Maker Reserveration66,000 shares2,60,000 shares
QIB
NII1,78,000 shares24,62,000 shares
RII1,78,000 shares24,62,000 shares
Employee
Others
Total3,56,000 shares49,24,000 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas United Cotfab IPO subscribed 107.16x.

 Associated Coaters IPOUnited Cotfab IPO
QIB (times)
NII (times)239.63x114.71x
Big NII (times)
Small NII (times)
RII (times)494.99x77.22x
Employee (times)
Other (times)
Total (times)371.14x107.16x