Associated Coaters Limited IPO
BSE SMEListed On: Jun 6, 2024 at ₹ 142.0
₹ 242000 /2000 Shares
*Min Investment
30 May, 2024
Open Date03 Jun, 2024
Close Date04 Jun, 2024
Allotment Date06 Jun, 2024
Listing DateAssociated Coaters Limited IPO Issue Details
- Issue Price ₹121 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 4,22,000 shares(aggregating up to ₹5.11 crore)
- Fresh Share 4,22,000 shares(aggregating up to ₹5.11 crore)
- Listing at BSE SME
- List Price 142.0
- Listing Date 2024-06-06
- Lead Manager Gretex Corporate Services Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,21,000 |
| Retail(max) | 1 | 1000 | ₹1,21,000 |
| NII (min) | 2 | 2000 | ₹2,42,000 |
Associated Coaters Limited IPO Reservation
Associated Coaters Limited IPO offers total 422,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,178,000 (42.18%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 66,000 (15.64%) | |
| Retail Shares Offered | 178,000 (42.18%) | |
| Total Shares Offered | 422,000 (100%) |
Associated Coaters Limited IPO Details
Associated Coaters Limited IPO is an SME IPO, priced at ₹121 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 4,22,000 equity shares, aggregating up to ₹5.11 crores..
The IPO bidding window is open from May 30, 2024 to Jun 3, 2024. The allotment is expected to be finalized on Jun 4, 2024, and the tentative listing date is Jun 6, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,21,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,42,000.
Gretex Corporate Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Gretex Share Broking Private Limited will act as the market maker for this issue.
Associated Coaters Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 178,000 | 178,000 | 356,000 |
Day 1 30-05-24 06:00 PM | 2.89 x | 17.97 x | 10.43 x |
Day 2 31-05-24 06:00 PM | 8.98 x | 52.19 x | 30.59 x |
Day 3 03-06-24 06:00 PM | 239.63 x | 494.99 x | 371.14 x |
Associated Coaters Limited Valuations
Associated Coaters Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 296.12 | 201.81 | N/A |
| Revenue | 358.94 | 139.41 | N/A |
| Profit After Tax | 54.30 | 13.67 | N/A |
About Associated Coaters Limited Company
Associated Coaters Limited is a company that started its operations in the year 2017, providing pre-treatment and powder coating services for aluminium extrusions in architectural and Real Estate Industries.
The annual capacity of 1,200 metric tons has two coating plants: Automatic Coating Plant, and Manual Coating Plant. That makes us a leader in eastern India for aluminum extrusion coating.
The company runs two manual powder coating plants and one fully automatic powder coating plant established in July 2017.
As an ISO 9001:2015-certified organization, the company runs a strong Quality Management System.
On November 30, 2023, the company had 15 dedicated employees in various roles.
Associated Coaters Limited - Promoter(s)
Jagjit Singh Dhillon
Navneet Kaur
Pre Issue Share Holding : 100%
Post Issue Share Holding : 68.79%
Associated Coaters Limited IPO - Issue Objectives
Funding capital expenditure towards installation of plant & machinery in the existing premises
Working Capital Requirements
General Corporate Purposes.
Contact Details
Associated Coaters Limited
Ashuti Khanberia Maheshtala LP, 20/83/46, Kolkata, Vivekanandapur, South 24 Parganas, , Thakurpukur Mahestola
+91 98304 37701
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Associated Coaters Limited IPO - FAQs
Ans. Associated Coaters Limited IPO is a SME IPO. The issue is priced at ₹121 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on May 30, 2024, and closes on Jun 3, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Associated Coaters Limited IPO opens on May 30, 2024 and closes on Jun 3, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Associated Coaters Limited IPO is 422,000 shares(aggregating up to ₹5.11 Cr).
Ans. The Associated Coaters Limited IPO price band is set between ₹121 per equity share.
Ans. To apply for Associated Coaters Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Associated Coaters Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Associated Coaters Limited IPO is Jun 4, 2024.
Ans. The Associated Coaters Limited IPO will be listed on Jun 6, 2024.
Ans. Follow the steps to check the Associated Coaters Limited IPO allotment status online.
