Associated Coaters is engaged in the business of providing services by way of pre-treatment and powder coating of aluminum extrusions in the architectural and Real Estate Industry. The process begins with a comprehensive cleaning, where the targeted surface of aluminum 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.
Over their six-year journey, they have evolved into the Approved Applicator of Akozonobel, Jotun, and Asian Paints in Architectural Coating. Their yearly capacity is 1,200 metric tons which includes Automatic Coating Plant and Manual Coating Plant, making them a growing player in eastern India in terms of aluminium extrusion coaters. Their Continuous investments in cutting-edge equipment have positioned them at the forefront of technology. Currently, they operate two manual powder coating plants and a fully automatic powder coating plant established in July 2017. Their commitment to innovation is evident in the installation of a Decorative wood finish line in September 2017 and a PVDF Coating Line in 2023. Striving for quality improvement is at the core of their mission. Their full immersion pre-treatment process, closely monitored by their chemical supplier, plays a crucial role in maintaining high standards. Combined with the use of architectural-grade super durable powder, they ensure the delivery of top-notch quality.
Objects of the Issue:
- Funding capital expenditure towards installation of plant & machinery in the existing premises.
- Working Capital Requirements.
- General Corporate Purposes.
Associated Coaters IPO Review
- To be updated soon
Associated Coaters IPO Date & Price Band Details
| IPO Open: | May 30, 2024 |
| IPO Close: | June 3, 2024 |
| IPO Size: | Approx ₹5.11 Crores, 422,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Associated Coaters IPO Market Lot
The Associated Coaters IPO minimum market lot is 1000 shares with a ₹121,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹121,000 |
| Retail Maximum | 1 | 1000 | ₹121,000 |
| S-HNI Minimum | 2 | 2000 | ₹242,000 |
Associated Coaters IPO Dates
The Associated Coaters IPO date is May 30 and the IPO close date is June 3. The IPO allotment date is June 4 and the IPO might list on June 6.
| IPO Open Date: | May 30, 2024 |
| IPO Close Date: | June 3, 2024 |
| Basis of Allotment: | June 4, 2024 |
| Refunds: | June 5, 2024 |
| Credit to Demat Account: | June 5, 2024 |
| IPO Listing Date: | June 6, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Associated Coaters IPO Form
How to apply Associated Coaters IPO? You can apply Associated Coaters IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Associated Coaters IPO in the Invest section. The other option you can apply Associated Coaters IPO via IPO forms download via the BSE website. Check out the Associated Coaters forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Associated Coaters Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹- | ₹0.14 | ₹0.01 |
| 2022 | ₹139.41 | ₹120.94 | ₹0.14 |
| 2023 | ₹358.94 | ₹285.57 | ₹0.54 |
| Sept 2023 | ₹232.96 | ₹188.06 | ₹0.33 |
Associated Coaters IPO Valuation – FY2023
Check Associated Coaters IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹180.99 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 77.19% |
| Net Asset Value (NAV): | ₹234.48 per Equity Share |
Peer Group
- NA
Company Promoters
- Jagjit Singh Dhillon
- Navneet Kaur
Associated Coaters IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Associated Coaters IPO Allotment Status
Check Associated Coaters IPO allotment status on Bigshare website URL. Click Here
Associated Coaters IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Company Address
Associated Coaters Limited
Ashuti Khanberia Maheshtala LP
20/83/46, Kolkata, Vivekanandapur
South 24 Parganas, , Thakurpukur Mahestola
Phone: +91 98304 37701
Email: [email protected]
Website: https://associatedcoaters.in/
