Associated Coaters Limited (BSE SME)
May 30, 2024 - Jun 3, 2024
| Price | ₹121 - ₹121 |
| Premium | ₹75 |
|---|---|
| Lot size | 1000 |
| Allotment | Jun 4, 2024 |
| Listing | Jun 6, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 121000 | 178 |
| HNI | 2 | 2000 | 242000 | 178 |
Last updated on 03 Jun 2024 | 05:54:39 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 178000 | 44083000 | 247.66 |
| Retail | 178000 | 88108000 | 494.99 |
| Total | 356000 | 132191000 | 371.32 |
| Total Application : 131,588 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹40.23 | @8% ₹45.98 | @9% ₹51.72 | @10% ₹57.47 | @11% ₹63.22 | @12% ₹68.96 |
Associated Coaters IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 42.2% | 178000 |
| Other | 42.2% | 178000 |
| Market Maker | 15.6% | 66000 |
| Total No. of Shares | 100.0% | 422000 |
Associated Coaters IPO Details
| 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 |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 71.66% | 125.69% | 148.34% |
| ROCE | 68.30% | 92.11% | 70.66% |
| RONW | 53.69% | 77.19% | 85.17% |
| D/E | 0.07 | 0.14 | 0.63 |
| EPS (Diluted) | 8.15 | 5.84 | 1.47 |
| P/BV | 7.98 | ||
| P/E Pre IPO | 20.72 |
Company Financials
Associated Coaters Limited Financial Information (Restated)
Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 364.74 | 296.12 | 201.81 | 2.72 |
| Revenue | 397.00 | 358.94 | 139.41 | |
| Profit | 75.77 | 54.30 | 13.67 | -0.14 |
| Net Worth | 141.11 | 70.34 | 16.05 | 2.38 |
| Reserves | 48.11 | 67.34 | 13.05 | -0.62 |
| Borrowing | 9.90 | 9.90 | 10.10 | 0.20 |
| Amount in ₹ Lakhs | ||||
About company
Founded in 2017, Associated Coaters Limited specializes in the pre-treatment and powder coating of aluminium extrusions, serving the architectural and real estate industries. With an annual capacity of 1,200 metric tons, the company operates from two manual powder coating plants and one fully automatic powder coating plant, which was established in July 2017. As a key player in eastern India, Associated Coaters Limited is known for its robust Quality Management System, being ISO 9001:2015 certified. By November 30, 2023, the company had a dedicated workforce of 15 employees fulfilling various roles, underscoring its commitment to quality and precision in aluminium extrusion coating services.
Strength Factors
Experienced Promoters and Management Team: The company benefits from the expertise and strategic guidance of its experienced promoters and management team, ensuring effective leadership and sustained growth.
Scalable Business Model: With its significant annual capacity and advanced coating plants, Associated Coaters Limited is well-positioned for scalable operations, enabling it to meet increasing market demands efficiently.
Wide and Diverse Range of Product Offerings: The company offers a wide and diverse range of powder coating services, catering to various needs within the architectural and real estate industries, which enhances its market presence and customer appeal.
Risk Factors
Leased Operations Facilities: Both the registered office and factory premises are not owned by the company, which could pose risks related to lease renewals and stability of operations.
Potential Conflicts of Interest: There may be potential conflicts of interest between the company and other ventures or enterprises promoted by the company's promoter, which could affect decision-making and resource allocation.
Dependency on Leased Premises: The reliance on leased properties for business operations introduces risks related to lease terms, potential relocations, and associated costs, impacting operational continuity.
Associated Coaters IPO Lead Manager(s)
- Gretex Corporate Services Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html