Associated Coaters IPO GMP, Review, Price, Allotment

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Last updated on June 6, 2024

Associated Coaters IPO GMP

Associated Coaters IPO description – Associated Coaters is engaged in supplying pre-treatment and powder coating of aluminum extrusions in the architect and real estate industry. Located in Vivekanandapur, 24 Paraganas (South), Kolkata, the company deliveries powder-coated aluminium sections across Kolkata, Orissa, Siliguri, Bihar, and Jharkhand.

Over its six-year journey, Associated Coaters has evolved into the approved applicator of Akozonobel, Jotun, and Asian Paints in architectural coating. The company’s annual capacity is 1,200 metric tons which includes one automatic coating plant and two manual coating plants.

As of November 30, 2023, the company is actively managing 13 ongoing projects, boasting
a cumulative order book value exceeding INR 2 crore. The company has a dedicated team of 15 employees on the payroll, distributed across various roles.

Associated Coaters IPO

Promoters of Associated Coaters – Mr. Jagjit Singh Dhillon, and Mrs. Navneet Kaur


Associated Coaters IPO Details

Associated Coaters IPO Dates30 May – 3 June 2024
Associated Coaters Issue PriceINR 121 per share
Fresh issue4,22,000 shares (INR 5.11 crore)
Offer For SaleNIL
Total IPO size4,22,000 shares (INR 5.11 crore)
Minimum bid (lot size)1,000 shares (INR 1,21,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

Associated Coaters Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue139.41358.94397.00
Expenses0.14120.94285.57293.90
Net income(0.14)13.6754.3075.77
Figures in INR Lakhs unless specified otherwise

Associated Coaters Offer News


Associated Coaters Valuations & Margins

FY 2021FY 2022FY 2023
EPS(0.01)1.475.84
PE ratio20.72
RONW (%)5.7185.1777.19
NAV0.261.737.56
ROCE (%)5.2770.6691.11
EBITDA (%)16.0822.70
Debt/Equity 0.080.630.14
*Compiled by IPO Central from Prospectus

Associated Coaters IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
5 June 20245538,500
4 June 20246245,000
3 June 20244535,000
31 May 20242015,000
30 May 20242015,000
29 May 20242015,000

Associated Coaters IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered1,78,0001,78,0003,56,000
3 Jun 2024247.66494.99371.32
31 May 20249.3852.5730.98
30 May 20242.8917.9710.43

The market maker reservation portion of 66,000 shares is not included in the above calculations.


Associated Coaters IPO Allotment Status

Associated Coaters IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Associated Coaters IPO Dates & Listing Performance

IPO Opening Date30 May 2024
IPO Closing Date3 June 2024
Finalization of Basis of Allotment4 June 2024
Initiation of refunds5 June 2024
Transfer of shares to demat accounts5 June 2024
IPO Listing Date6 June 2024
Opening Price on BSE SMEINR 142 per share (up 17.36%)
Closing Price on BSE SMEINR 134.90 per share (up 11.49%)

Associated Coaters Offer Lead Manager

GRETEX CORPORATE SERVICES LIMITED
A- 401, Floor 4th, Plot FP-616, (PT), Naman Midtown,
Senapati Bapat Marg, Near Indiabulls, Dadar (W),
Delisle Road, Mumbai – 400013, Maharashtra, India
Phone: +91 96532 49863
Email[email protected]
Website: www.gretexcorporate.com


Associated Coaters Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com


Associated Coaters IPO Contact Details

ASSOCIATED COATERS LIMITED
Ashuti Khanberia Maheshtala LP 20/83/46, Kolkata,
Vivekanandapur, South 24 Parganas, Thakurpukur
Mahestola, West Bengal, India, 700141
Phone: +91 98304 37701
E-mail: [email protected]
Website: www.associatedcoaters.in


IPO FAQs

What is the Associated Coaters offer size?

Associated Coaters offer size is INR 5.11 crores.

What is the Associated Coaters offer price band?

Associated Coaters public offer price is INR 121 per share.

What is the lot size of the Associated Coaters Offer?

Associated Coaters offer a lot size is 1,000 shares.

What is Associated Coaters IPO GMP today?

Associated Coaters IPO GMP today is INR 55 per share.

What is the Associated Coaters kostak rate today?

Associated Coaters kostak rate today is INR NA per application.

What is Associated Coaters Subject to the Sauda rate today?

Associated Coaters is Subject to the Sauda rate today is INR 38,500 per application.

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