Associated Coaters Limited IPO Detail
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.
Company Promoters
Jagjit Singh Dhillon and Navneet Kaur.IPO Details
| IPO Opening Date | May 30, 2024 |
| IPO Closing Date | Jun 03, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.11 Cr |
| Fresh Issue | ₹5.11 Cr |
| Offer for Sale | - |
| Retail Portion | 42.18% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 2.89x | 17.97x | 10.43x |
| Day 2 | 0.00x | 0.00x | 0.00x | 8.98x | 52.19x | 30.59x |
| Day 3 | 0.00x | 0.00x | 0.00x | 239.63x | 494.99x | 371.14x |
IPO Tentative Timetable
The Associated Coaters Limited IPO open date is May 30, 2024, and the close date is Jun 03, 2024. The issue may list on Jun 06, 2024.
| IPO Open Date | May 30, 2024 |
| IPO Close Date | Jun 03, 2024 |
| Basis of Allotment Date | Jun 04, 2024 |
| Initiation of Refunds | Jun 05, 2024 |
| Credit of Shares to Demat Account | Jun 05, 2024 |
| IPO Listing Date | Jun 06, 2024 |
IPO Lot Size
The Associated Coaters Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹121000 |
| Maximum | 1 | 1000 | ₹121000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 68.79% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2.72 | -0.14 | |
| 31-Mar-22 | 201.81 | 139.41 | 13.67 |
| 31-Mar-23 | 296.12 | 358.94 | 54.30 |
| 31-Dec-23 | 364.74 | 397.00 | 75.77 |
Objects of the Issue:
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Associated Coaters Limited IPO Lead Manager(s):
Gretex Corporate Services Limited
Company Contact Information:
Associated Coaters Limited
Ashuti Khanberia Maheshtala LP
20/83/46, Kolkata, Vivekanandapur,
South 24 Parganas, , Thakurpukur Mahestola
