Associated Coaters IPO is a fixed price issue of Rs 5.11 crores. The issue is entirely a fresh issue of 4.22 lakh shares.
Associated Coaters IPO opens for subscription on May 30, 2024 and closes on June 3, 2024. The allotment for the Associated Coaters IPO is expected to be finalized on Tuesday, June 4, 2024. Associated Coaters IPO will list on BSE SME with tentative listing date fixed as Thursday, June 6, 2024.
Associated Coaters IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹242,000.
Gretex Corporate Services Limited is the book running lead manager of the Associated Coaters IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Associated Coaters IPO DRHP for detailed information.
Associated Coaters IPO Details
| IPO Date | May 30, 2024 to June 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 422,000 shares (aggregating up to ₹5.11 Cr) |
| Fresh Issue | 422,000 shares (aggregating up to ₹5.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 930,000 |
| Share holding post issue | 1,352,000 |
| Market Maker portion | 66,000 shares |
Associated Coaters IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Associated Coaters IPO Timeline (Tentative Schedule)
Associated Coaters IPO opens on May 30, 2024, and closes on June 3, 2024.
| IPO Open Date | Thursday, May 30, 2024 |
| IPO Close Date | Monday, June 3, 2024 |
| Basis of Allotment | Tuesday, June 4, 2024 |
| Initiation of Refunds | Wednesday, June 5, 2024 |
| Credit of Shares to Demat | Wednesday, June 5, 2024 |
| Listing Date | Thursday, June 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 3, 2024 |
Associated Coaters IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
| Lot Size Calculator | |||
Associated Coaters IPO Promoter Holding
The promoters of the company are Jagjit Singh Dhillon and Navneet Kaur.
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue |
About Associated Coaters Limited
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 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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 370.71 | 296.12 | 201.81 | 2.72 |
| Revenue | 232.96 | 358.94 | 139.41 | |
| Profit After Tax | 33.22 | 54.30 | 13.67 | -0.14 |
| Net Worth | 103.57 | 70.34 | 16.05 | 2.38 |
| Reserves and Surplus | 100.57 | 67.34 | 13.05 | -0.62 |
| Total Borrowing | 34.90 | 9.90 | 10.10 | 0.20 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Associated Coaters IPO is Rs 16.36 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.84 | 4.91 |
| P/E (x) | 20.72 | 24.62 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Associated Coaters IPO Objectives)
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- Funding capital expenditure towards installation of plant & machinery in the existing premises
- Working Capital Requirements
- General Corporate Purposes.
Associated Coaters IPO Prospectus
Associated Coaters Limited Contact Details
Associated Coaters Limited
Ashuti Khanberia Maheshtala LP
20/83/46, Kolkata, Vivekanandapur
, South 24 Parganas, , Thakurpukur Mahestola
Phone: +91 98304 37701
Email: info@associatedcoaters.in
Website: https://associatedcoaters.in/
Associated Coaters IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html