ASSOCIATED COATERS LIMITED

30 May 2024 - 03 Jun 2024 Individual Category SME BSE

Min Investment

₹121000

Price Band

₹121

Issue Size

4.22 lakhs
Equity Shares

Lot Size

1000

IPO Dates
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30 May 2024

Open Date

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03 Jun 2024

Close Date

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04 Jun 2024

Allotment Date

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06 Jun 2024

Listing Date

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.

Founded

2017

Managing Director

Jagjit Singh Dhillon

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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