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 – Details
| IPO Opening Date | 30 May 2024 |
| IPO Closing Date | 03 June 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total 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 Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Associated Coaters IPO – Date Schedule
| IPO Open Date | 30 May 2024 |
| IPO Close Date | 03 June 2024 |
| Basis of Allotment | 04 June 2024 |
| Initiation of Refund | 05 June 2024 |
| Credit of Shares to Demat Account | 05 June 2024 |
| IPO Listing Date | 06 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 03, 2024 |
Associated Coaters IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1,000 | ₹1,21,000 |
| Retail (Maximum) | 1 | 1,000 | ₹1,21,000 |
| HNI (Minimum) | 2 | 2,000 | ₹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.
Company Financial
| 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
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| P/BV | – |
| PAT Margin (%) | – |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.84 | 4.91 |
| P/E (x) | 20.72 | 24.62 |
Associated Coaters IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | – |
Associated Coaters IPO Prospectus
- Associated Coaters IPO DRHP
- Associated Coaters IPO RHP
Company Contact Information
| 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 |
Associated Coaters IPO Lead Manager(s)
| 1. Gretex Corporate Services Limited |
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. |
