Associated Coaters Limited IPO (Associated Coaters IPO)

Associated Coaters IPO
Associated Coaters IPO

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 IPO

Associated Coaters IPO – Details

IPO Opening Date30 May 2024
IPO Closing Date03 June 2024
Issue TypeFixed Price Issue IPO
Issue SizeTotal Issue: 4,22,000 Shares Worth ₹5.11 Crore
– Fresh Issue: 4,22,000 Shares Worth ₹5.11 Crore
Face Value₹10 per equity share
IPO Price₹121
Market Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
Other Shares Offered50%
Retail Shares Offered50%

Associated Coaters IPO – Date Schedule

IPO Open Date30 May 2024
IPO Close Date03 June 2024
Basis of Allotment04 June 2024
Initiation of Refund05 June 2024
Credit of Shares to Demat Account05 June 2024
IPO Listing Date06 June 2024
Cut-off time for UPI mandate confirmation5 PM on June 03, 2024

Associated Coaters IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11,000₹1,21,000
Retail (Maximum)11,000₹1,21,000
HNI (Minimum)22,000₹2,42,000

Competitive Strengths

  • Robust project execution capabilities and proven industry expertise.
  • Nurturing strong customer relationships for sustained business success.
  • Quality assurance excellence.
  • Seasoned leadership at the helm.

Company Promoters

  • Jagjit Singh Dhillon
  • Navneet Kaur.

Object Of The Issue

  • Funding capital expenditure towards installation of plant & machinery in the existing premises
  • Working Capital Requirements
  • General Corporate Purposes.
Associated Coaters IPO
Object of the Issues

Company Financial

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax33.2254.3013.67-0.14
Net Worth103.5770.3416.052.38
Reserves and Surplus100.5767.3413.05-0.62
Total Borrowing34.909.9010.100.20
Amount in ₹ Lakhs

Key Performance Indicator

PAT Margin (%)
EPS (Rs)5.844.91
P/E (x)20.7224.62

Associated Coaters IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding

Associated Coaters IPO Prospectus

Company Contact Information

Associated Coaters Limited

Ashuti Khanberia Maheshtala LP
20/83/46, Kolkata, Vivekanandapur
, South 24 Parganas, , Thakurpukur Mahestola

Phone: +91 98304 37701

Associated Coaters IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Associated Coaters IPO Lead Manager(s)

1. Gretex Corporate Services Limited

Associated Coaters IPO FAQs

Associated Coaters IPO FAQs
What is Associated Coaters IPO?

Associated Coaters IPO is a SME IPO. The issue is priced at ₹121 per equity share. The IPO is to be listed on BSE SME.
When Associated Coaters IPO will open?

The IPO is to open on 30 May 2024 for Other – 50% and Retails – 50% Investors.
How to Associated Coaters IPO?

You can apply for Associated Coaters IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Associated Coaters IPO through 5 Paisa?

Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Associated Coaters”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa.
How to Apply the Associated Coaters IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Associated Coaters”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Associated Coaters IPO Size?

Associated Coaters IPO size is ₹5.11 crores.
What is Associated Coaters IPO Price Band?

Associated Coaters IPO Price Band is ₹121
What is Associated Coaters IPO Minimum and Maximum Lot Size?

The minimum bid is 1000 Shares with ₹1,21,000 amount while the maximum bid is 1000 shares with ₹1,21,000.
What is the Associated Coaters IPO Allotment Date?

Associated Coaters IPO allotment date is  04 June 2024.
What is the Associated Coaters IPO Listing Date?

Associated Coaters IPO listing date is 06 June 2024. The IPO is to list on NSE SME.
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