Last updated on June 6, 2024
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.
Promoters of Associated Coaters – Mr. Jagjit Singh Dhillon, and Mrs. Navneet Kaur
Table of Contents
Associated Coaters IPO Details
| Associated Coaters IPO Dates | 30 May – 3 June 2024 |
| Associated Coaters Issue Price | INR 121 per share |
| Fresh issue | 4,22,000 shares (INR 5.11 crore) |
| Offer For Sale | NIL |
| Total IPO size | 4,22,000 shares (INR 5.11 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 1,21,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Associated Coaters Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | – | 139.41 | 358.94 | 397.00 |
| Expenses | 0.14 | 120.94 | 285.57 | 293.90 |
| Net income | (0.14) | 13.67 | 54.30 | 75.77 |
Associated Coaters Offer News
- Associated Coaters RHP
- Associated Coaters Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Associated Coaters Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.01) | 1.47 | 5.84 |
| PE ratio | – | – | 20.72 |
| RONW (%) | 5.71 | 85.17 | 77.19 |
| NAV | 0.26 | 1.73 | 7.56 |
| ROCE (%) | 5.27 | 70.66 | 91.11 |
| EBITDA (%) | – | 16.08 | 22.70 |
| Debt/Equity | 0.08 | 0.63 | 0.14 |
Associated Coaters IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 June 2024 | 55 | – | 38,500 |
| 4 June 2024 | 62 | – | 45,000 |
| 3 June 2024 | 45 | – | 35,000 |
| 31 May 2024 | 20 | – | 15,000 |
| 30 May 2024 | 20 | – | 15,000 |
| 29 May 2024 | 20 | – | 15,000 |
Associated Coaters IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,78,000 | 1,78,000 | 3,56,000 |
| 3 Jun 2024 | 247.66 | 494.99 | 371.32 |
| 31 May 2024 | 9.38 | 52.57 | 30.98 |
| 30 May 2024 | 2.89 | 17.97 | 10.43 |
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 Date | 30 May 2024 |
| IPO Closing Date | 3 June 2024 |
| Finalization of Basis of Allotment | 4 June 2024 |
| Initiation of refunds | 5 June 2024 |
| Transfer of shares to demat accounts | 5 June 2024 |
| IPO Listing Date | 6 June 2024 |
| Opening Price on BSE SME | INR 142 per share (up 17.36%) |
| Closing Price on BSE SME | INR 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:Â [email protected]
Website:Â 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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â 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.
