What you must know about Associated Coaters IPO?
by 5paisa Research Team
27 May 2024
Associated Coaters IPO Details
- Open Date 30-May-24
- Close Date 03-Jun-24
- Lot Size 1000
- IPO Size ₹ 5.11 Cr
- IPO Price Range ₹ 121
- Min Investment ₹ 121,000
- Listing Exchange BSE SME
- Basis of Allotment 04-Jun-24
- Refunds 05-Jun-24
- Credit to Demat Account 05-Jun-24
- Listing Date 06-Jun-24
Associated Coaters IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-May-24 | - | 2.89 | 17.97 | 10.43 |
| 31-May-24 | - | 8.98 | 52.19 | 30.59 |
| 03-Jun-24 | - | 239.63 | 494.99 | 371.14 |
Associated Coaters IPO Synopsis
Last Updated: 03rd June, 2024 by 5paisa
Associated Coaters IPO is all set to open from 30th May to 3rd June 2024. The company is engaged in the business of offering pre-treatment and powder coating of aluminum extrusions for Architect and Real Estate Industries. The IPO includes a fresh issue of 422,000 shares worth ₹5.11 cr. The share allotment date is 4th June 2024, and the IPO will be listed on 6th June 2024 on the stock exchanges. The price band is ₹121 and the lot size is 1000 shares.
Gretex Corporate Services Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Associated Coaters IPO
Associated Coaters Limited plans to utilize the raised capital from the IPO to:
● To fund the working expenditure requirement for plant and machinery.
● To fund the working capital requirement.
● General corporate purposes.
About Associated Coaters
Associated Coaters engaged in the business of offering pre-treatment and powder coating of aluminum extrusions for Architect and Real Estate Industries. The company is based out of Kolkata and provides powder-coated aluminum sections across Kolkata, Orissa, Siliguri, Bihar, and Jharkhand.
It is also an Approved Applicator of Architectural coating for Akozonobel, Jotun, and Asian Paints in Architectural coating with a yearly Automatic Coating Plant and Manual Coating Plant of 1200 metric tons. This makes Associated Coaters Is a growing player in eastern India regarding aluminum extrusion coaters. The company also has an ISO 9001:2015 certification.
Peer Comparison
No listed peers.
For More Information:
Webstory on Associated Coaters IPO
Associated Coaters Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3.58 | 1.39 | 00 |
| EBITDA | 0.81 | 0.22 | -0.0014 |
| PAT | 0.54 | 0.14 | -0.0014 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 2.96 | 2.01 | 0.027 |
| Share Capital | 0.03 | 0.03 | 0.03 |
| Total Borrowings | 2.25 | 1.85 | 0.0034 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.63 | 0.52 | - |
| Net cash from / (used in) investing activities | -0.03 | -0.55 | - |
| Net cash flow from / (used in) financing activities | -0.0074 | 0.098 | - |
| Net increase (decrease) in cash and cash equivalents | 0.59 | 0.054 | - |
Associated Coaters IPO Key Points
-
Strengths
1. The company has Robust Project Execution Capabilities and Proven Industry Expertise.
2. Long-term and well-established relationships with customers.
3. It focuses on high quality and has ISO 9001:2015 certification.
4. Experienced management team.
-
Risks
1. The company operates in a highly competitive industry.
2. The company’s revenue is dependent upon meeting specific customer requirements largely on a case-to-case basis.
3. High working capital requirements.
4. It has reported negative cash flow in the past.
5. It has recorded losses in the past.
Associated Coaters
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Associated Coaters IPO FAQs
When does Associated Coaters IPO opens and closes?
Associated Coaters IPO opens from 30th May to 3rd June 2024.
What is the size of Associated Coaters IPO?
The size of Associated Coaters IPO is ₹5.11 cr.
How to apply for Associated Coaters IPO?
To apply for Associated Coaters IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Associated Coaters IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Associated Coaters IPO?
The price band of Associated Coaters IPO is fixed at ₹121 per share.
What is the minimum lot size and investment required for Associated Coaters IPO?
The minimum lot size of Associated Coaters IPO is 1000 shares and the investment required is ₹1,21,000.
What is the allotment date of Associated Coaters IPO?
The share allotment date of Associated Coaters IPO is 4th June 2024.
What is Associated Coaters IPO listing date?
The Associated Coaters IPO will be listed on 6th June 2024.
Who are the book runners for Associated Coaters IPO?
Gretex Corporate Services Limited is the book-running lead manager for Associated Coaters IPO.
What is the objective of Associated Coaters IPO?
Associated Coaters plans to utilize the raised capital from the IPO to:
● To fund the working expenditure requirement for plant and machinery.
● To fund the working capital requirement.
● General corporate purposes.
Contact Details of Associated Coaters IPO
Contact Information
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Associated Coaters IPO Lead Manager
Gretex Corporate Services Limited
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