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Associated Coaters IPO vs GSM Foils IPO

Comparison between Associated Coaters IPO and GSM Foils IPO.

IPO Details

Associated Coaters IPO is a SME Fixed Price IPO proposed to list at BSE SME while GSM Foils IPO is a SME Fixed Price proposed to list at NSE SME.

 Associated Coaters IPOGSM Foils IPO
LogoAssociated Coaters IPO LogoGSM Foils IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Shreni Shares 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 GSM Foils IPO is up to ₹10.44 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of GSM Foils IPO is ₹32.00 per share.

 Associated Coaters IPOGSM Foils IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹121.00 per share₹32.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares4000 shares
Fresh Issue Size3,56,000 shares32,64,000 shares
Fresh Issue Size (Amount)up to ₹4.31 Crup to ₹10.44 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,56,000 shares32,64,000 shares
Issue Size Total (Amount)up to ₹4.31 Crup to ₹10.44 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while GSM Foils IPO opens on May 24, 2024. The closing date of Associated Coaters IPO and GSM Foils IPO is Jun 03, 2024, and May 28, 2024, respectively.

 Associated Coaters IPOGSM Foils IPO
Anchor Bid Date
Issue OpenMay 30, 2024May 24, 2024
Issue CloseJun 03, 2024May 28, 2024
Basis Of Allotment (Tentative)Jun 04, 2024May 29, 2024
Initiation of Refunds (Tentative)Jun 05, 2024May 30, 2024
Credit of Share (Tentative)Jun 05, 2024May 30, 2024
Listing date (Tentative)Jun 06, 2024May 31, 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 GSM Foils IPO P/E ratio of 20.98.

 Associated Coaters IPOGSM Foils 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

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,208.181,438.181,050.65720.57
Total Income2,717.876,588.697,185.043,646.23
Profit After Tax124.79142.9763.6533.93
Net Worth126.99835.73659.06657.82
Reserves and Surplus124.79
Total Borrowing1,412.95242.43219.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0099.99
Promoter Shareholding (Post-Issue)68.7973.14
P/E Ratio20.7220.98
Market Cap₹16.36 Cr.₹41.00 Cr.
ROE71.66%23.62%
ROCE68.30%1.60%
Debt/Equity0.0711.13
EPS₹5.84₹1.53
RoNW53.69%98.27%

Shares Offered

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

 Associated Coaters IPOGSM Foils IPO
Anchor Investor Reserveration
Market Maker Reserveration66,000 shares1,76,000 shares
QIB
NII1,78,000 shares16,32,000 shares
RII1,78,000 shares16,32,000 shares
Employee
Others
Total3,56,000 shares32,64,000 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas GSM Foils IPO subscribed 257.30x.

 Associated Coaters IPOGSM Foils IPO
QIB (times)
NII (times)239.63x259.51x
Big NII (times)
Small NII (times)
RII (times)494.99x247.10x
Employee (times)
Other (times)
Total (times)371.14x257.30x