Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹121.00 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). The minimum lot size investment for 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 Date | May 30, 2024 to June 3, 2024 |
| Listing Date | June 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,22,000 shares (aggregating up to ₹5.11 Cr) |
| Reserved for Market Maker | 66,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.7986 Cr) |
| Net Offered to Public | 3,56,000 shares (aggregating up to ₹4.31 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 9,30,000 shares |
| Share Holding Post Issue | 13,52,000 shares |
Associated Coaters IPO offers total 4,22,000 shares. Out of which 1,78,000 (42.18%) allocated to NII, 1,78,000 (42.18%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 66,000 (15.64%) |
| NII (HNI) Shares Offered | 1,78,000 (42.18%) |
| Retail Shares Offered | 1,78,000 (42.18%) |
| Total Shares Offered | 4,22,000 (100.00%) |
Associated Coaters IPO opens on May 30, 2024, and closes on June 3, 2024.
| IPO Open Date | Thu, May 30, 2024 |
| IPO Close Date | Mon, Jun 3, 2024 |
| Tentative Allotment | Tue, Jun 4, 2024 |
| Initiation of Refunds | Wed, Jun 5, 2024 |
| Credit of Shares to Demat | Wed, Jun 5, 2024 |
| Tentative Listing Date | Thu, Jun 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 3, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 364.74 | 296.12 | 201.81 | 2.72 |
| Total Income | 397.00 | 358.94 | 139.41 | |
| Profit After Tax | 75.77 | 54.30 | 13.67 | -0.14 |
| Net Worth | 141.11 | 70.34 | 16.05 | 2.38 |
| Reserves and Surplus | 48.11 | 67.34 | 13.05 | -0.62 |
| Total Borrowing | 9.90 | 9.90 | 10.10 | 0.20 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Associated Coaters IPO is ₹16.36 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 5.84 | 3.20 |
| P/E (x) | 20.72 | 37.78 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
[Dilip Davda] The company is engaged in the business of powder coating of aluminium extrusions used for real estate industry. It is operating in a highly competitive and fragmented segment. Based on FY24 annualized super earnings, the issue appears fully priced. Tiny post-IPO equity indicates longer gestation period for migration. IPO expenses of 22.8% indicates fully structure model of the IPO. There is no harm in skipping this fully priced issue. Read detail review...
| Listing Date | June 6, 2024 |
| BSE Script Code | 544183 |
| NSE Symbol | |
| ISIN | INE0RIQ01013 |
| Final Issue Price | ₹121 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹142.00 |
| Low | ₹134.90 |
| High | ₹149.10 |
| Last Trade | ₹134.90 |
Associated Coaters Ltd.
Ashuti Khanberia Maheshtala LP
20/83/46, Vivekanandapur
, South 24 Parganas, , Thakurpukur Mahestola
Kolkata, West Bengal, 700141
Phone: +91 98304 37701
Email: info@associatedcoaters.in
Website: https://associatedcoaters.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Associated Coaters IPO is a SME IPO of 4,22,000 equity shares of the face value of ₹10 aggregating up to ₹5.11 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on May 30, 2024, and closes on June 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 May 30, 2024 and closes on June 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 Wednesday, June 5, 2024. Check the Associated Coaters IPO allotment status.
The Associated Coaters IPO listing date is on Thursday, June 6, 2024.
Useful Articles
RHP