Associated Coaters Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

30 May 2024

Close Date

03 Jun 2024

Allotment

04 Jun 2024

Listing Date

06 Jun 2024

Exchange

BSE SME

Price Band

₹121

Listing Price

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Allotment Status

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Price Band

₹121

Per share

Face Value

₹10 per share

Lot Size

1,000 Shares

per lot

Issue Size

4,22,000 shares (aggregating up to ₹5.11 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹121,000

1 lot

Pre-IPO Holding

9,30,000 shares

Promoters

Post-IPO Holding

13,52,000 shares

Promoters

P/E (Pre)

20.72x

P/E (Post)

37.78x

EPS (Pre)

₹5.84

EPS (Post)

₹3.20

UPI Deadline

2024-06-03

Mandate

Anchor AllotmentWed, 29 May 2024

Basis of AllotmentTue, 04 Jun 2024

Refund InitiationWed, 05 Jun 2024

Demat CreditWed, 05 Jun 2024

Listing DayThu, 06 Jun 2024

UPI Mandate Deadline2024-06-03

Sale TypeFresh Capital

Net Offer to Public3,56,000 shares (aggregating up to ₹4.31 Cr)

Market Maker Quota66,000 shares (aggregating up to ₹0.7986 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Associated Coaters Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Jun 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	66,000	—	₹0.80
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	422,000	100%	₹5.11

IPO Shares Offered

Associated Coaters Ltd IPO total issue size: ₹5.11 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	66,000	₹0.80	15.64%
Total	422,000	₹5.11	100.00%

* Based on upper price band ₹121 per share

Lot Size & Investment

Lot Size

1,000

Shares per Lot

Issue Price

₹121.00

Upper Band

Min Investment

₹121,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,000	₹242,000
Retail (Max — 13 Lots)	13	13,000	₹1,573,000
S-HNI (Min — 14 Lots)	14	14,000	₹1,694,000
B-HNI (Min — 68 Lots)	68	68,000	₹8,228,000

* Issue Price ₹121 × Lot Size 1,000 shares

IPO Schedule

Anchor

29 May 2024

✓ Done

IPO Open

30 May 2024

✓ Done

IPO Close

03 Jun 2024

✓ Done

Allotment

04 Jun 2024

✓ Done

Refunds

05 Jun 2024

✓ Done

Demat Credit

05 Jun 2024

✓ Done

Listing Day

06 Jun 2024

✓ Done

₹121.00

INR · BSE

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Issue ₹121.00 Live Price

About Associated Coaters Ltd

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.

Objects of the Issue

Funding capital expenditure towards installation of plant & machinery in the existing premises

Working Capital Requirements

General Corporate Purposes.

Associated Coaters Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹139.4

31 Mar 2022

₹358.9

31 Mar 2023

₹397.0

31 Dec 2023

Profit After Tax (PAT)

₹13.7

31 Mar 2022

₹54.3

31 Mar 2023

₹75.8

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	397.00	358.94	139.41
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	75.77	54.30	13.67
Net Worth	141.11	70.34	16.05
Total Assets	364.74	296.12	201.81
Reserves & Surplus	48.11	67.34	13.05
Borrowings	9.90	9.90	10.10
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	19.08%	—	—

P/BV Ratio

7.98

RoE

71.66%

RoCE

68.30%

RoNW

53.69%

PAT Margin

19.08%

Debt/Equity

0.07

Issue Structure & Shareholding

Total Shares Offered4,22,000 (100.00%)

Net Offer to Public3,56,000 shares (aggregating up to ₹4.31 Cr)

Reserved for Market Maker66,000 shares (aggregating up to ₹0.7986 Cr)

Pre-Issue Promoter Holding9,30,000 shares

Post-Issue Promoter Holding13,52,000 shares

P/BV Ratio7.98

RoE71.66%

RoCE68.30%

Debt / Equity0.07

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Gretex Corporate Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Associated Coaters Ltd IPO subscribed? ▲

Associated Coaters Ltd IPO is subscribed 1.00 times by Jun 03, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Associated Coaters Ltd IPO retail subscription status? ▼

The Associated Coaters Ltd IPO retail category is subscribed 1.00 times as of 03 Jun 2024. The retail portion is oversubscribed.

How to subscribe Associated Coaters Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 May 2024 and closes 03 Jun 2024. Min investment: ₹121,000 (1 lot = 1,000 shares). UPI mandate: 2024-06-03.

How many times Associated Coaters Ltd IPO subscribed? ▼

The Associated Coaters Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Associated Coaters Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Jun 2024. Refunds: on 05 Jun 2024.

When Associated Coaters Ltd IPO will be listed? ▼

The Associated Coaters Ltd IPO listing date is 06 Jun 2024, Thursday. Listed on: BSE SME. Issue price: ₹121. Estimated listing: ₹121. GMP: NIL.

When Associated Coaters Ltd IPO close? ▼

The Associated Coaters Ltd IPO closes on 03 Jun 2024, Monday. UPI mandate: 2024-06-03. Allotment: 04 Jun 2024. Listing: 06 Jun 2024.

Quick Actions

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Live Price LIVE

Last Price₹121.00

Change—

Issue Price₹121.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹121

Face Value₹10

Lot Size1,000 Sh

Min. Amount₹121,000

GMPNIL

Est. Listing₹121

Subscribed1.00x

Open Date30 May 2024

Close Date03 Jun 2024

Allotment04 Jun 2024

Listing Date06 Jun 2024

ExchangeBSE SME

UPI Deadline2024-06-03