Associated Coaters Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Associated Coaters Ltd IPO

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.

Associated Coaters Ltd IPO Details

Total Shares Offered

₹ 4,22,000

Offer to Public

TBA

Retail Max (Shares)

₹ 1,78,000

Pre Issue Promoters Holding

₹ 9,29,814

Exchange

BSE

Issue size

TBA

IPO Open Date

May 30, 2024

Close Date

Jun 3, 2024

Lot Size

1000

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Jun 6, 2024

Associated Coaters Ltd IPO Dates

May 30, 2024

Opening date

Jun 3, 2024

Closing date

Jun 4, 2024

Basis of Allotment

Jun 5, 2024

Initiation of Refunds

Jun 5, 2024

Credit of Shares

Jun 6, 2024

Listing date

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*
QIB	0x	0
NII	0x	178000
Retail	0x	178000
Employee	0x	0
Total	0x	422000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

178000

422000

Associated Coaters Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1.70	1.50	0.82
EBITDA	1.96	1.65	0.90
PAT	1.06	1.01	0.55
Total Assets	7.16	3.65	2.48
Share Capital	1.35	0.93	0.03
Total Borrowings	0.41	0.36	0.27
Operating Activities (Net Cash)	1.32	1.16	0.63
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	0.41	0.36	0.27
Net Cashflow	2.70	0.56	0.67

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 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.

How To Apply for Associated Coaters Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Associated Coaters Ltd IPO?

Associated Coaters Ltd's IPO offers shares for up to 5.11 It begins on May 30, 2024 and ends on Jun 3, 2024.

What is the price of the Associated Coaters Ltd IPO?

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

What are the open and close dates for the Associated Coaters Ltd IPO?

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

When will the Associated Coaters Ltd IPO be allotted?

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.

What is the minimum lot size required for Associated Coaters Ltd IPO?

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

What is the GMP of Associated Coaters Ltd IPO?

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

How do you check the allotment status of Associated Coaters Ltd IPO?

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.'

Where is the Associated Coaters Ltd IPO getting listed?

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.

How do you apply for the Associated Coaters Ltd IPO?

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.