Associated Coaters Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹121 - ₹121
- Lot size
- 1,000 shares
- Issue amount
- ₹5.11 cr
- Total subscription
- 371.32×
- Opens
- 30 May 2024
- Closes
- 3 Jun 2024
- Allotment
- 4 Jun 2024
- Listing
- 6 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 4,22,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,21,000
- Fresh issue
- ₹5.11 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,21,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 9,30,000
- Shares after issue
- 13,52,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,21,000 |
| HNI | 2 | 2,000 | ₹2,42,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0 | 1,066.11 |
| RETAIL | 2.15 | 0 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.15 | 5.84 | 1.47 |
| ROE | 71.66 | 125.69 | 148.34 |
| ROCE | 68.3 | 92.11 | 70.66 |
| RONW | 53.69 | 77.19 | 85.17 |
| PRE IPO(PE) | 7.98 | 0 | 0 |
| POST IPO(PE) | 20.72 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Associated Coaters Limited started in 2017, specializing in pre-treatment and powder coating of aluminium extrusions for the architectural and real estate industries. The company operates from two manual powder coating plants and one fully automatic plant, set up in July 2017, with an annual capacity of 1,200 metric tons. It is a prominent name in eastern India, known for delivering quality services backed by its ISO 9001:2015 certification. As of November 30, 2023, the company has a team of 15 dedicated employees, ensuring precision and top-notch coating solutions.
Strengths
- Experienced Leadership: The company is guided by experienced promoters and a skilled management team, providing strong leadership and driving consistent growth.
- Growth-Ready Business Model: With high annual production capacity and advanced coating plants, Associated Coaters Limited is ready to expand and meet rising market demands effectively.
- Diverse Product Range: The company offers a wide variety of powder coating services, serving different needs in the architectural and real estate sectors, making it a trusted choice for customers.
Risk factors
- Leased Office and Factory: The company doesn't own its office and factory spaces, which might cause problems if lease agreements aren't renewed, affecting business stability.
- Possible Conflicts of Interest: The company's promoter is involved in other businesses, which could sometimes create conflicts that may impact decisions and resource sharing.
- Dependence on Rented Properties: Since the company operates from rented spaces, any changes in lease terms, rent hikes, or the need to shift locations could disrupt business operations and increase expenses.
Promoters
Jagjit Singh Dhillon
Navneet Kaur
Registrar & documents
Lead manager
Gretex Corporate Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Ashuti Khanberia Maheshtala LP, 20/83/46, Kolkata, Vivekanandapur, South 24 Parganas, , Thakurpukur Mahestola
+91 98304 37701
[email protected]Company website ↗Understanding ASSOCIATED IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.