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Associated Coaters IPO

  • Status: Closed
  • RHP:
  • ₹ 121,000 / 1000 shares

    Minimum Investment

IPO Details

  • Open Date

    30 May 2024

  • Close Date

    03 Jun 2024

  • IPO Price Range

    ₹ 121

  • IPO Size

    ₹ 5.11 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    06 Jun 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Associated Coaters IPO Subscription Status

Last Updated: 03rd June, 2024 by 5paisa

Associated Coaters IPO is all set to open from 30th May to 3rd June 2024. The company is engaged in the business of offering pre-treatment and powder coating of aluminum extrusions for Architect and Real Estate Industries. The IPO includes a fresh issue of 422,000 shares worth ₹5.11 cr. The share allotment date is 4th June 2024, and the IPO will be listed on 6th June 2024 on the stock exchanges. The price band is ₹121 and the lot size is 1000 shares.    

Gretex Corporate Services Limited is the book-running lead manager for this IPO, while  Bigshare Services Private Limited is the registrar. 

Objectives of Associated Coaters IPO

Associated Coaters Limited plans to utilize the raised capital from the IPO to:

●    To fund the working expenditure requirement for plant and machinery.
●    To fund the working capital requirement.
●    General corporate purposes. 
 

Associated Coaters engaged in the business of offering pre-treatment and powder coating of aluminum extrusions for Architect and Real Estate Industries. The company is based out of Kolkata and provides powder-coated aluminum sections across Kolkata, Orissa, Siliguri, Bihar, and Jharkhand.  

It is also an Approved Applicator of Architectural coating for Akozonobel, Jotun, and Asian Paints in Architectural coating with a yearly Automatic Coating Plant and Manual Coating Plant of 1200 metric tons. This makes Associated Coaters Is a growing player in eastern India regarding aluminum extrusion coaters. The company also has an ISO 9001:2015 certification. 

Peer Comparison

No listed peers.

For More Information:
Webstory on Associated Coaters IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 3.58 1.39 00
EBITDA 0.81 0.22 -0.0014
PAT 0.54 0.14 -0.0014
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 2.96 2.01 0.027
Share Capital 0.03 0.03 0.03
Total Borrowings 2.25 1.85 0.0034
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 0.63 0.52 -
Net cash from / (used in) investing activities -0.03 -0.55 -
Net cash flow from / (used in) financing activities -0.0074 0.098 -
Net increase (decrease) in cash and cash equivalents 0.59 0.054 -


Strengths

1.    The company has Robust Project Execution Capabilities and Proven Industry Expertise.
2.    Long-term and well-established relationships with customers.
3.    It focuses on high quality and has ISO 9001:2015 certification.
4.    Experienced management team.
 

Risks

1.    The company operates in a highly competitive industry.
2.    The company’s revenue is dependent upon meeting specific customer requirements largely on a case-to-case basis.
3.    High working capital requirements.
4.    It has reported negative cash flow in the past. 
5.    It has recorded losses in the past. 
 

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FAQs

Associated Coaters IPO opens from 30th May to 3rd June 2024.
 

The size of Associated Coaters IPO is ₹5.11 cr. 
 

To apply for Associated Coaters IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Associated Coaters IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange. 

You will receive a mandate notification to block funds in your UPI app.
 

The price band of Associated Coaters IPO is fixed at ₹121 per share. 
 

The minimum lot size of Associated Coaters IPO is 1000 shares and the investment required is ₹1,21,000.
 

The share allotment date of Associated Coaters IPO is 4th June 2024.
 

The Associated Coaters IPO will be listed on 6th June 2024.
 

Gretex Corporate Services Limited is the book-running lead manager for Associated Coaters IPO.
 

Associated Coaters plans to utilize the raised capital from the IPO to:

●    To fund the working expenditure requirement for plant and machinery.
●    To fund the working capital requirement.
●    General corporate purposes.