Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Thu, May 30, 2024 - Mon, Jun 3, 2024
Associated Coaters IPO is a fixed price issue of ₹5.11 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹5.11 crore.
Associated Coaters IPO bidding started from May 30, 2024 and ended on Jun 3, 2024. The allotment for Associated Coaters IPO was finalized on Jun 4, 2024. The shares got listed on BSE SME on Jun 6, 2024.
Associated Coaters IPO price is ₹121 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,21,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,42,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Associated Coaters IPO RHP for detailed Information.
IPO Open
Thu, May 30, 2024
IPO Close
Mon, Jun 3, 2024
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹16.36 Cr
| IPO Date | 30 May to 3 Jun, 2024 |
| Listed on | Thu, Jun 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 4,22,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 66,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.7986 Cr) |
| Fresh Issue (Ex Market Maker) | 3,56,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 3,56,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 9,30,000 shares |
| Share Holding Post Issue | 13,52,000 shares |
| BSE Script Code | 544183 |
| ISIN | INE0RIQ01013 |
Associated Coaters IPO comprises a total issue size of 4,22,000 shares. The net offer to the public is 3,56,000 shares, after excluding 66,000 shares allotted on a firm basis. Of the Net offer 1,78,000 (50.00%) allocated to NII 1,78,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 1,78,000 | 50.00% | 42.18% |
| Retail Shares Offered | 1,78,000 | 50.00% | 42.18% |
| Firm Reservations | |||
| Market Maker Shares Offered | 66,000 | 15.64% | |
| Total Shares Offered | 4,22,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
Founded in 2017, Associated Coaters Limited provides services for pre-treatment and powder coating of aluminium extrusions in the architectural and Real Estate Industries.
The company's annual capacity is 1,200 metric tons, with an Automatic Coating Plant and a Manual Coating Plant, making us a key player in eastern India for aluminium extrusion coating.
The company operates two manual powder coating plants and one fully automatic powder coating plant established in July 2017.
The company follows a strong Quality Management System as an ISO 9001:2015-certified organization.
On November 30, 2023, the company had 15 dedicated employees in various roles.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 3.65 | 2.96 | 2.02 | 0.03 |
| Total Income | 3.97 | 3.59 | 1.39 | |
| Profit After Tax | 0.76 | 0.54 | 0.14 | -0.00 |
| NET Worth | 1.41 | 0.70 | 0.16 | 0.02 |
| Reserves and Surplus | 0.48 | 0.67 | 0.13 | -0.01 |
| Total Borrowing | 0.10 | 0.10 | 0.10 | 0.00 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of Plant & Machinery in our existing premises | 1.45 |
| 2 | Working Capital Requirements | 2.00 |
| 3 | General Corporate Purposes | 0.49 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 71.66% |
| ROCE | 68.30% |
| Debt/Equity | 0.07 |
| RoNW | 53.69% |
| PAT Margin | 19.08% |
| Price to Book Value | 7.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.84 | 3.20 |
| P/E (x) | 20.72 | 37.78 |
| Promoter Holding | 100.00% | 68.79% |
| Market Cap | ₹16.36 Cr. |
The Associated Coaters IPO is subscribed 371.14 times on June 3, 2024 6:19:05 PM (Day 3). The public issue subscribed 494.99 times in the retail category, [.] times in the QIB category, and 239.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 239.63 | 1,78,000 | 4,26,55,000 |
| Retail | 494.99 | 1,78,000 | 8,81,08,000 |
| Total | 371.14 | 3,56,000 | 13,21,25,000 |
Total Application : 1,31,588
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.40 |
| 2 | Market Making Fees | 0.43 |
| 3 | Underwriting Fees | 0.25 |
| 4 | Fees payable to Registrar to Issue | 0.02 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.02 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.01 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.00 |
| 10 | Payment to Sponsor Bank | 0.01 |
| 11 | Statutory & Other Reports | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹142.00 |
| Low | ₹134.90 |
| High | ₹149.10 |
| Last Trade | ₹134.90 |
Lead Manager Reports
Associated Coaters IPO is a SME IPO of 4,22,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on Thu, May 30, 2024, and closes on Mon, Jun 3, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Associated Coaters IPO using UPI as a payment gateway. Zerodha customers can apply in Associated Coaters IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Associated Coaters IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Associated Coaters IPO opens on Thu, May 30, 2024 and closes on Mon, Jun 3, 2024.
Associated Coaters IPO lot size is 1000, and the minimum amount required for application is ₹1,21,000.
You can apply in Associated Coaters IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Associated Coaters IPO will be done on Tuesday, June 4, 2024, and the allotted shares will be credited to your demat account by Wed, Jun 5, 2024. Check the Associated Coaters IPO allotment status.
The Associated Coaters IPO listing date is on Thu, Jun 6, 2024.
