Associated Coaters Ltd IPO
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Associated Coaters Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 4.22 L | TBA | ₹ 1.78 L | ₹ 9.3 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 May, 24 | 03 Jun, 24 | 1000 | TBA | Fixed Price - SME | 06 Jun, 24 |
Associated Coaters Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 1362000 |
| NII | 240.01x | 178000 | 42721000 |
| Retail | 494.99x | 178000 | 88108000 |
| Employee | 0x | 0 | 0 |
| Total | 313.25x | 422000 | 132191000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Associated Coaters Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 0.81 | 0.22 | 0.00 |
| EBITDA | 0.89 | 0.26 | 0.00 |
| PAT | 0.54 | 0.14 | 0.00 |
| Total Assets | 2.48 | 1.50 | 0.03 |
| Share Capital | 0.03 | 0.03 | 0.03 |
| Total Borrowings | 0.27 | 0.03 | 0.00 |
| Operating Activities (Net Cash) | 0.62 | 0.18 | 0.00 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 0.27 | 0.03 | 0.00 |
| Net Cashflow | 0.67 | 0.08 | 0.03 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Associated Coaters Ltd
Our Company was originally incorporated as `Associated Coaters Private Limited' a private limited company under the Companies Act, 2013 with the Registrar of Companies (ROC), Kolkata pursuant to Certificate of Incorporation dated December 22, 2017. The name of the company was changed from `Associated Coaters Private Limited' to `Associated Coaters Limited', consequent to conversion of our company from private limited company to public limited company, pursuant to Special Resolution passed by the shareholders of our Company in the Extra-ordinary General Meeting held on October 24, 2023, and a fresh certificate of incorporation consequent to change of name was issued by ROC, Kolkata on December 19, 2023. The corporate identification number of our company is U28129WB2017PLC224001.
The reforms of the 1990s have been associated with the expansion of the service sector in India. Midway through the 1980s, the service sector began to expand, but it took off in the 1990s when India started a series of economic reforms in response to a serious balance of payments issue. The services sector is not only the dominant sector in India's GDP but has also attracted significant foreign investment, has contributed significantly to exports and has provided large-scale employment. India's services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction. To enhance India's commercial services exports, share in the global services market from 3.3% and permit a multi-fold expansion in the GDP, the government is also making significant efforts in this direction.
Our Company is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in Architect and Real Estate Industry. 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. Following this, a strategic chemical solution is applied to enhance the adhesion of the powder coating. This involves the application of an acidic solution for surface etching or the use of a specialized pretreatment agent to optimize surface wettability.
Peer Comparison:
- No Listed Industry Peers
Associated Coaters Ltd IPO Key Points
Strengths
- Experienced Promoters and Management Team.
- Scalable Business Model.
- Wide and Diverse Range of Product Offering.
- Marketing & Branding Efforts.
- Focus on Increase in Volume of Sales.
Risk
- Our Registered Office from where we operate is not owned by us.
- The factory premises from where we operate our business operations are not owned by us.
- Our company had bought assets from our Promoter Mr. Jagjit Singh Dhillon and had not taken the valuation report to determine the price of the assets and also the price for such assets has not yet been paid.
Strategy
- Sustained Emphasis on Resource Optimization.
- Attracting and Nurturing Talent: A Priority.
- Expanding Horizons and Broadening Customer Reach.
- Elevating Operational Controls for Timely Service Delivery.
- Experienced Promoters and Management Team.
- Scalable Business Model.
- Wide and Diverse Range of Product Offering.
- Marketing & Branding Efforts.
- Focus on Increase in Volume of Sales.
How To Apply for Associated Coaters Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.