Associated Coaters Ltd

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.

Open Demat Account

50years

Associated Coaters Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
4.22 LTBA1.78 L9.3 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
30 May, 2403 Jun, 241000 TBA Fixed Price - SME06 Jun, 24

Associated Coaters Ltd IPO Details

Associated Coaters Ltd IPO Dates

  • 30 May 2024

    Opening date

  • 03 Jun 2024

    Closing date

  • 04 Jun 2024

    Basis of
    Allotment

  • 05 Jun 2024

    Initiation of
    Refunds

  • 05 Jun 2024

    Credit of
    Shares

  • 06 Jun 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII240.01x
Retail494.99x
Employee0x
Total313.25x

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)FY23FY22FY21
Revenue from operations0.810.220.00
EBITDA0.890.260.00
PAT0.540.140.00
Total Assets2.481.500.03
Share Capital0.030.030.03
Total Borrowings0.270.030.00
Operating Activities (Net Cash)0.620.180.00
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)0.270.030.00
Net Cashflow0.670.080.03

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.

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.

Associated Coaters Ltd IPO Key Points

  • 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 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.

Get your FAQs right

Associated Coaters Ltd's IPO offers shares for up to ₹ 0 L It begins on May 30, 2024 and ends on Jun 3, 2024.

The price of Associated Coaters Ltd IPO ranges between ₹0 to ₹0 per share.

The Associated Coaters Ltd IPO opens on May 30, 2024 and closes on Jun 3, 2024.

The allotment for the Associated Coaters Ltd IPO will be finalised on Jun 4, 2024. The shares will be listed on BSE and NSE on Jun 6, 2024.

The minimum lot size for Associated Coaters Ltd IPO is 1000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of Associated Coaters Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Associated Coaters Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Associated Coaters Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 30, 2024, and closes on Jun 3, 2024. The allotment is finalised on Jun 4, 2024.

To apply for the Associated Coaters Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.