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Associated Coaters Limited IPO

Associated Coaters Limited IPO

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Listed Price: ₹ 142.00 (+17.36%)

Associated Coaters Limited's achieved publicly listed status following its IPO debut on 06-06-2024 at the BSE platform. The offering successfully mobilized 4,22,000 Shares, with 4,22,000 Shares allocated to corporate growth initiatives.

Investment participation occurred within the established price band of ₹121 to ₹121, starting from minimum lots of 1000 shares. The subscription window from 30-05-2024 through 03-06-2024 enabled investor participation across market segments.

Share allocation was completed on 04-06-2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Associated Coaters IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Associated Coaters IPO Key Performance Indicator
Company Financials ( In Lakhs )

Associated Coaters IPO About Company

Associated Coaters Limited started in 2017, specializing in pre-treatment and powder coating of aluminium extrusions for the architectural and real estate industries. The company operates from two manual powder coating plants and one fully automatic plant, set up in July 2017, with an annual capacity of 1,200 metric tons. It is a prominent name in eastern India, known for delivering quality services backed by its ISO 9001:2015 certification. As of November 30, 2023, the company has a team of 15 dedicated employees, ensuring precision and top-notch coating solutions.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Associated Coaters IPO Strength Factors

  1. Experienced Leadership: The company is guided by experienced promoters and a skilled management team, providing strong leadership and driving consistent growth.
  2. Growth-Ready Business Model: With high annual production capacity and advanced coating plants, Associated Coaters Limited is ready to expand and meet rising market demands effectively.
  3. Diverse Product Range: The company offers a wide variety of powder coating services, serving different needs in the architectural and real estate sectors, making it a trusted choice for customers.

Associated Coaters IPO Risk Factors

  1. Leased Office and Factory: The company doesn't own its office and factory spaces, which might cause problems if lease agreements aren't renewed, affecting business stability.
  2. Possible Conflicts of Interest: The company's promoter is involved in other businesses, which could sometimes create conflicts that may impact decisions and resource sharing.
  3. Dependence on Rented Properties: Since the company operates from rented spaces, any changes in lease terms, rent hikes, or the need to shift locations could disrupt business operations and increase expenses.

Associated Coaters IPO Lead Manager(s)

  • Gretex Corporate Services Limited

Associated Coaters IPO Promoter(s)

  1. Jagjit Singh Dhillon
  2. Navneet Kaur

Associated Coaters IPO Company Details

Associated Coaters Limited
Phone:
address:

Associated Coaters IPO Registrar

Bigshare Services Private Limited
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Phone:

Associated Coaters IPO FAQs