The Associated Coaters date has been confirmed from May 30, 2024 and closes on June 3, 2024. Read the post to learn about Associated Coaters IPO GMP.
Associated Coaters IPO is a fixed price issue of Rs 5.11 crores. The price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹242,000.
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Key Details Of Associated Coaters IPO
Bidding Dates
May 30 – June 3
Price Range
₹121 per share
Face Value
₹10 per share
GMP
₹75
Associated Coaters IPO GMP
The Associated Coaters IPO GMP is ₹75.
IPO Overview
Associated Coaters IPO is a fixed-price offering of Rs 5.11 crore. The offering is wholly new, totaling 4.22 lakh shares. Associated Coaters’ initial public offering (IPO) begins on May 30, 2024 and ends on June 3, 2024. The allotment for the Associated Coaters IPO is expected to be completed on Tuesday, June 4, 2024. The Company IPO will list on BSE SME, with a tentative listing date of Thursday, June 6, 2024.
Its IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. Retail investors require a minimum investment of ₹121,000. HNIs can invest a minimum of two lots (2,000 shares) for ₹242,000.
Associated Coaters IPO Details
| IPO Date | May 30, 2024 to June 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 422,000 shares (aggregating up to ₹5.11 Cr) |
| Fresh Issue | 422,000 shares (aggregating up to ₹5.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 930,000 |
| Share holding post issue | 1,352,000 |
| Market Maker portion | 66,000 shares |
Associated Coaters Limited Financial Information
| 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 | ||||
Associated Coaters IPO Timeline
| IPO Open Date | Thursday, May 30, 2024 |
| IPO Close Date | Monday, June 3, 2024 |
| Basis of Allotment | Tuesday, June 4, 2024 |
| Initiation of Refunds | Wednesday, June 5, 2024 |
| Credit of Shares to Demat | Wednesday, June 5, 2024 |
| Listing Date | Thursday, June 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 3, 2024 |
Company Profile
Associated Coaters Limited, founded in 2017, provides pre-treatment and powder coating services for aluminium extrusions in the architectural and real estate industries. The company has an annual capacity of 1,200 metric tonnes and operates both an Automatic Coating Plant and a Manual Coating Plant, making it a prominent player in eastern India for aluminium extrusion coating. The company operates two manual powder coating units and one fully automation powder coating plant, which was constructed in July 2017. As an ISO 9001:2015-certified organisation, the
company maintains a solid Quality Management System. On November 30, 2023, the company has 15 dedicated employees performing various positions.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Associated Coaters Limited |
| Phone number | +91 98304 37701 |
| Email ID | [email protected] |
| Website | associatedcoaters.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Associated Coaters IPO FAQs
When Associated Coaters IPO will open?
The Associated Coaters IPO opens on May 30, 2024 and closes on June 3, 2024.
What is the lot size of Associated Coaters IPO?
Associated Coaters IPO lot size is 1000 Shares, and the minimum amount required is ₹121,000.
When is Associated Coaters IPO allotment?
The finalization of Basis of Allotment for Associated Coaters IPO will be done on Tuesday, June 4, 2024, and the allotted shares will be credited to your demat account by Wednesday, June 5, 2024.
When is Associated Coaters IPO listing date?
The Associated Coaters IPO listing date is not yet announced. The tentative date of Associated Coaters IPO listing is Thursday, June 6, 2024.
