Associated Coaters IPO Details: The initial public offering (IPO) date for Associated Coaters has been set. The IPO will open on May 30 and close on June 3. This BSE SME IPO aims to raise ₹5.11 crores, with shares priced at ₹121 each and a market lot of 1,000 shares.
Associated Coaters specializes in the pre-treatment and powder coating of aluminum extrusions for the architectural and real estate industries. Their process begins with a thorough cleaning to remove dirt, grease, and other contaminants from the aluminum surface. A chemical solution is then applied to improve the adhesion of the powder coating, utilizing either an acidic etching solution or a specialized pretreatment agent to optimize surface wettability.
Over the past six years, Associated Coaters has become an approved applicator for AkzoNobel, Jotun, and Asian Paints in the field of architectural coatings. With an annual capacity of 1,200 metric tons, including both automatic and manual coating plants, they are a significant player in eastern India’s aluminum extrusion coating sector. Continuous investment in state-of-the-art equipment has kept them at the cutting edge of technology. They currently operate two manual powder coating plants and a fully automatic powder coating plant established in July 2017. Their commitment to innovation is highlighted by the installation of a decorative wood finish line in September 2017 and a PVDF coating line in 2023.
Quality improvement is central to their mission. Their full immersion pre-treatment process, closely monitored by their chemical supplier, is crucial in maintaining high standards. By using architectural-grade super durable powder, they consistently deliver top-quality coatings.
Associated Coaters IPO Objectives:
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 IPO Review (Apply or Not)
- Update Soon
Associated Coaters IPO Date & Price Band Details:
| IPO Open: | May 30, 2024 |
| IPO Close: | June 3, 2024 |
| IPO Size: | Approx ₹5.11 Crores, 422,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Associated Coaters IPO Lot Size:
The minimum investment in the Associated Coaters IPO is set at 1,000 shares, requiring an application amount of ₹121,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹121,000 |
| Retail Maximum | 1 | 1000 | ₹121,000 |
| S-HNI Minimum | 2 | 2000 | ₹242,000 |
Associated Coaters IPO Timeline:
The Associated Coaters IPO is scheduled to open on May 30 and close on June 3. The allotment date is set for June 4, with the potential listing date on June 6.
| IPO Open Date: | May 30, 2024 |
| IPO Close Date: | June 3, 2024 |
| Basis of Allotment: | June 4, 2024 |
| Refunds: | June 5, 2024 |
| Credit to Demat Account: | June 5, 2024 |
| IPO Listing Date: | June 6, 2024 |
Associated Coaters IPO GMP Today:
GMP for Associated Coaters SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Associated Coaters Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹- | ₹0.14 | ₹0.01 |
| 2022 | ₹139.41 | ₹120.94 | ₹0.14 |
| 2023 | ₹358.94 | ₹285.57 | ₹0.54 |
| Sept 2023 | ₹232.96 | ₹188.06 | ₹0.33 |
Associated Coaters IPO Valuation – FY2023
Check Associated Coaters IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹180.99 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 77.19% |
| Net Asset Value (NAV): | ₹234.48 per Equity Share |
Peer Group
- NA
Company Promoters
- Jagjit Singh Dhillon
- Navneet Kaur
Associated Coaters IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Associated Coaters IPO Allotment Status
Check Associated Coaters IPO allotment status on Bigshare website URL. Click Here
Associated Coaters IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Company Address
Associated Coaters Limited
Ashuti Khanberia Maheshtala LP
20/83/46, Kolkata, Vivekanandapur
South 24 Parganas, , Thakurpukur Mahestola
Phone: +91 98304 37701
Email: info@associatedcoaters.in
Website: https://associatedcoaters.in/
Associated Coaters IPO FAQs
1. What are the IPO opening and closing dates?
The Associated Coaters IPO will open on May 30 and close on June 3.
2. What is the allotment date for the IPO?
The IPO allotment date is scheduled for June 4.
3. When is the IPO expected to list on the stock exchange?
The IPO is expected to list on June 6.
4. What is the price band for the Associated Coaters IPO?
The price band for the IPO is set at ₹121 per share.
5. What is the minimum market lot for the IPO?
The minimum market lot for the Associated Coaters IPO is 1,000 shares.
6. What is the minimum investment required to participate in the IPO?
The minimum investment required is ₹121,000.
7. How much does Associated Coaters plan to raise through this IPO?
Associated Coaters aims to raise ₹5.11 crores through this IPO.
8. What is the primary business of Associated Coaters?
Associated Coaters specializes in the pre-treatment and powder coating of aluminum extrusions, primarily serving the architectural and real estate industries.
9. What are some key highlights of Associated Coaters’ operations?
Associated Coaters is an approved applicator for AkzoNobel, Jotun, and Asian Paints in architectural coating. They have a yearly capacity of 1,200 metric tons and operate two manual powder coating plants and one fully automatic powder coating plant. They also feature a decorative wood finish line and a PVDF coating line.
10. How has Associated Coaters invested in technology and quality improvement?
The company continually invests in state-of-the-art equipment and processes. Their full immersion pre-treatment process is closely monitored by their chemical supplier to maintain high standards, and they use architectural-grade super durable powder to ensure top-quality coatings.
