Associated Coaters IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 30 to Jun 03 2024
Price Band
₹121
Current GMP
₹142(17.35%)
Subscription
371.14 times
IPO Details
| IPO Date | May 30, 2024 to June 3, 2024 |
| Listing Date | Thursday, June 6, 2024 |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 422,000 shares (aggregating up to ₹5.11 Cr) |
| Fresh Issue | 422,000 shares (aggregating up to ₹5.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 930,000 |
| Share holding post issue | 1,352,000 |
| Market Maker portion | 66,000 shares Gretex Share Broking |
IPO Date
May 30, 2024 to June 3, 2024
Listing Date
Thursday, June 6, 2024
Face Value
₹10 per share
Price
₹121 per share
Lot Size
1000 Shares
Total Issue Size
422,000 shares (aggregating up to ₹5.11 Cr)
Fresh Issue
422,000 shares (aggregating up to ₹5.11 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME
Share holding pre issue
930,000
Share holding post issue
1,352,000
Market Maker portion
66,000 shares Gretex Share Broking
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 239.63 |
| Retail Investors | 494.99 |
| Total ** | 371.14 |
Market Maker
1
Non-Institutional Buyers***
239.63
Retail Investors
494.99
Total **
371.14
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 May 30, 2024 | 2.89 | 17.97 | 10.43 |
| Day 2 May 31, 2024 | 8.98 | 52.19 | 30.59 |
| Day 3 Jun 3, 2024 | 239.63 | 494.99 | 371.14 |
DayDay 1
May 30, 2024
NII*2.89
Retail17.97
Total10.43
DayDay 2
May 31, 2024
NII*8.98
Retail52.19
Total30.59
DayDay 3
Jun 3, 2024
NII*239.63
Retail494.99
Total371.14
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 05-06-2024 | 121.00 | 75(61.98%) | 196 |
| 04-06-2024 | 121.00 | 75(61.98%) | 196 |
| 03-06-2024 | 121.00 | 75(61.98%) | 196 |
| 02-06-2024 | 121.00 | 51(42.15%) | 172 |
| 01-06-2024 | 121.00 | 51(42.15%) | 172 |
| 31-05-2024 | 121.00 | 51(42.15%) | 172 |
| 30-05-2024 | 121.00 | 51(42.15%) | 172 |
| 29-05-2024 | 121.00 | 51(42.15%) | 172 |
| 28-05-2024 | 121.00 | 21(17.36%) | 142 |
| 27-05-2024 | 121.00 | 0(0.0%) | 121 |
Date05-06-2024
Price121.00
GMP75(61.98%)
Estimate List Price196
Date04-06-2024
Price121.00
GMP75(61.98%)
Estimate List Price196
Date03-06-2024
Price121.00
GMP75(61.98%)
Estimate List Price196
Date02-06-2024
Price121.00
GMP51(42.15%)
Estimate List Price172
Date01-06-2024
Price121.00
GMP51(42.15%)
Estimate List Price172
Date31-05-2024
Price121.00
GMP51(42.15%)
Estimate List Price172
Date30-05-2024
Price121.00
GMP51(42.15%)
Estimate List Price172
Date29-05-2024
Price121.00
GMP51(42.15%)
Estimate List Price172
Date28-05-2024
Price121.00
GMP21(17.36%)
Estimate List Price142
Date27-05-2024
Price121.00
GMP0(0.0%)
Estimate List Price121
IPO Important Dates
| IPO Open Date | Thursday, May 30, 2024 |
| IPO Close Date | Monday, June 3, 2024 |
| Basis of Allotment | Tuesday, June 4, 2024 |
| Initiation of Refunds | Wednesday, June 5, 2024 |
| Credit of Shares to Demat | Wednesday, June 5, 2024 |
| Listing Date | Thursday, June 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 3, 2024 |
IPO Open Date
Thursday, May 30, 2024
IPO Close Date
Monday, June 3, 2024
Basis of Allotment
Tuesday, June 4, 2024
Initiation of Refunds
Wednesday, June 5, 2024
Credit of Shares to Demat
Wednesday, June 5, 2024
Listing Date
Thursday, June 6, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 3, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
ApplicationRetail (Min)
Lots1
Shares1000
Amount₹121,000
ApplicationRetail (Max)
Lots1
Shares1000
Amount₹121,000
ApplicationHNI (Min)
Lots2
Shares2,000
Amount₹242,000
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 364.74 | 296.12 | 201.81 |
| Revenue | 397.00 | 358.94 | 139.41 |
| Profit After Tax | 75.77 | 54.30 | 13.67 |
| Net Worth | 141.11 | 70.34 | 16.05 |
| Reserves and Surplus | 48.11 | 67.34 | 13.05 |
| Total Borrowing | 9.90 | 9.90 | 10.10 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 2023364.74
31 Mar 2023296.12
31 Mar 2022201.81
Period EndedRevenue
31 Dec 2023397.00
31 Mar 2023358.94
31 Mar 2022139.41
Period EndedProfit After Tax
31 Dec 202375.77
31 Mar 202354.30
31 Mar 202213.67
Period EndedNet Worth
31 Dec 2023141.11
31 Mar 202370.34
31 Mar 202216.05
Period EndedReserves and Surplus
31 Dec 202348.11
31 Mar 202367.34
31 Mar 202213.05
Period EndedTotal Borrowing
31 Dec 20239.90
31 Mar 20239.90
31 Mar 202210.10
Key Performance Indicator
| ROE | 71.66% |
| ROCE | 68.30% |
| Debt/Equity | 0.07 |
| RoNW | 53.69% |
| P/BV | 7.98 |
| PAT Margin (%) | 19.08 |
| EPS (Rs) | 5.84 |
ROE
71.66%
ROCE
68.30%
Debt/Equity
0.07
RoNW
53.69%
P/BV
7.98
PAT Margin (%)
19.08
EPS (Rs)
5.84
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 66,000 (15.64%) |
| Other Shares Offered | 178,000 (42.18%) |
| Retail Shares Offered | 178,000 (42.18%) |
| Total Shares Offered | 422,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
66,000 (15.64%)
Other Shares Offered
178,000 (42.18%)
Retail Shares Offered
178,000 (42.18%)
Total Shares Offered
422,000 (100%)
Information about company
Founded in 2017, Associated Coaters Limited provides services for pre-treatment and powder coating of aluminium extrusions in the architectural and Real Estate Industries.
The company's annual capacity is 1,200 metric tons, with an Automatic Coating Plant and a Manual Coating Plant, making us a key player in eastern India for aluminium extrusion coating.
The company operates two manual powder coating plants and one fully automatic powder coating plant established in July 2017.
The company follows a strong Quality Management System as an ISO 9001:2015-certified organization.
On November 30, 2023, the company had 15 dedicated employees in various roles.
Objectives of IPO
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
Funding capital expenditure towards installation of plant & machinery in the existing premises
Working Capital Requirements
General Corporate Purposes.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App