Associated Coaters IPO Date, Review, Price, Allotment Details

Associated Coaters IPO Details: Associated Coaters IPO date is fixed, The IPO will open on May 30 and will close on June 3. Associated Coaters is a BSE SME IPO to raise ₹5.11 crores via IPO. The Associated Coaters IPO price band is fixed at ₹121 with a market lot of 1000 shares.

Associated Coaters IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹121,000
Retail Maximum11000₹121,000
S-HNI Minimum22000₹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
YearRevenueExpensePAT
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/

Associated Coaters IPO FAQs


What is Associated Coaters IPO?

Associated Coaters IPO is an BSE SME IPO. They are going to raise ₹5.11 Crores via IPO. The issue is priced at ₹121 per equity share. The IPO is to be listed on BSE.

When Associated Coaters IPO will open?

The IPO is to open on May 30, 2024 for QIB, NII, and Retail Investors.

What is Associated Coaters IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Associated Coaters IPO?

You can apply Associated Coaters IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Associated Coaters IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Associated Coaters”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Associated Coaters IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Associated Coaters”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Associated Coaters IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Associated Coaters”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Associated Coaters IPO Size?

Associated Coaters IPO size is ₹5.11 crores.

What is Associated Coaters IPO Price Band?

Associated Coaters IPO Price Band is ₹121 per equity share.

What is Associated Coaters IPO Minimum and Maximum Lot Size?

The IPO bid is 1000 shares with ₹121,000.

What is Associated Coaters IPO Allotment Date?

Associated Coaters IPO allotment date is June 4, 2024.

What is Associated Coaters IPO Listing Date?

Associated Coaters IPO listing date is June 3, 2024. The IPO to list on BSE SME.

Note: The Associated Coaters IPO details are announced officially. The IPO grey market premium (Associated Coaters IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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