Associated Coaters IPO: Diving into the Details of the Public Issue

Associated Coaters IPO is open for subscription starting Thursday, May 30, 2024, and closing on Monday, June 3, 2024. The price of this upcoming IPO is decided at Rs 121 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. The minimum investment required for retail category investors is Rs 1,21,000 (121 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,42,000 (121 x 2000 shares). Associated Coaters IPO is a fixed price issue of Rs 5.11 crores. This upcoming IPO is an entirely fresh issue of 4.22 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, June 4, 2024. Associated Coaters IPO will be listed on NSE SME, and the listing date is fixed on Thursday, June 6, 2024. The book-running lead manager of Associated Coaters IPO is Gretex Corporate Services Limited. The registrar for this IPO is Big share Services Private Limited.
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About Associated Coaters Limited

Associated Coaters founded in 2017, provides services for pre-treatment and powder coating of aluminium of extrusion in the architectural and real estate industries. The process begins with a comprehensive cleaning, where the targeted surface of aluminium extrusions is thoroughly cleansed of any dirt, grease, or contaminants that might impede the subsequent coating process. Their Continuous investments in cutting-edge equipment have positioned them at the forefront of technology.  Following this, a strategic chemical solution is applied to enhance the adhesion of the powder coating. The company’s annual capacity is 1200 metric tons, with automatic and manual coating plants. It makes them a key player in eastern India for aluminium extrusion coating. Associate Coaters operates two manual powder coating plants and one automatic powder coating plant established in 2017. The company follows a strong quality management system and has a team of 15 employees in various roles.

Objectives of Associated Coaters Limited

The total funds received from this IPO will be used to fund capital expenditure toward purchasing plant and machinery in existing premises. Additionally, the fund will be used for meeting day-to-day capital requirements. Other than this general corporate purpose will also be fulfilled.

Financials of Associated Coaters Limited (Amt in Rs Lakhs)

Associated Coaters posted a revenue of Rs 232.96 lakhs and net profit of Rs 33.22 lakhs. The company’s revenue jumped 157.47% and profit after tax increased by 297.22% between the FY ending on 31 March 2023 and 31 March 2022.

Other Important Details of Associated Coaters IPO

Time-Table of Associated Coaters IPO

Lot Size of Associated Coaters IPO

IPO Reservation of Associated Coaters Limited

EPS and P/E Ratio Post IPO

Promoters of Associated Coaters Limited and Their Holdings

The promoters of Associated Coaters company are jagjit Singh Dhillon and Navneet Kaur.

Lead Manager(s) of Associated Coaters IPO

The lead manager for Associated Coaters IPO is Gretex Corporate Services Limited.

How do you apply for the Associated Coaters IPO?

Wait for the public issue to open for subscription, then click here to apply for the Associated Coaters Limited IPO with Bigul.

How do you check the allotment status of Associated Coaters IPO?

The registrar for Associated Coaters IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What are the details of Associated Coaters IPO?

Associated Coaters IPO is a fixed price issue of Rs 5.11 crores. This upcoming IPO is an entirely fresh issue of 4.22 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, June 4, 2024.

2. Who are the lead managers for the Associated Coaters Limited IPO?

Gretex Corporate Services Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Associated Coaters Limited, handling the IPO's administrative aspects.

4. How can I apply for the Associated Coaters IPO?

The public subscription of this new IPO will open on May 30, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?

The total funds received from this IPO will be used for funding capital expenditure toward the purchase of plant and machinery in existing premises. Additionally, the fund will be used for meeting day-to-day capital requirements. Other than this general corporate purposes will also be fulfilled.
6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Associated Coaters Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Associated Coaters Limited?

Associated Coaters posted a revenue of Rs 232.96 lakhs and net profit of Rs 33.22 lakhs. The company’s revenue jumped 157.47% and profit after tax increased by 297.22% between the FY ending on 31 March 2023 and 31 March 2022.

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