Associated Coaters IPO opens for subscription on May 30, 2024 and closes on June 3, 2024. The allotment for the Associated Coaters IPO is expected to be finalized on Tuesday, June 4, 2024. Associated Coaters IPO will list on BSE SME with tentative listing date fixed as Thursday, June 6, 2024.
IPO Size: 422,000 shares (5.11 Cr) Fresh Issue: 422,000 shares (5.11 Cr) Subscription Dates: May 30, 2024 to June 3, 2024 Expected Allotment: Tuesday, June 4, 2024 Listing Date (Tentative): June 6, 2024 Price Band: 121 per share Retail Investors: ₹.121,000 (1000 shares) Small HNI : ₹.242,000(2 lots, 2000 shares) Big HNI : ₹.1,089,000(9 lots, 9000 shares)
| IPO Date | May 30, 2024 to June 3, 2024 |
| Listing Date | June 6, 2024 |
| Face Value | ₹10 per share per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 422,000 shares (aggregating up to ₹5.11 Cr) |
| Fresh Issue | 422,000 (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 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 211,000 (50%) |
| Others | 211,000 (50%) |
| Total Shares Offered | 422,000 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Retail Investors | 211,000 | |||
| Others | 211,000 | |||
| Total | 422,000 | 0 | 0.00 | 0.00 |
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 29-05-2024 | ₹121 | ₹20 | ₹141 (16.53%) | 29-05-2024 11:05 |
| 28-05-2024 | ₹121 | ₹0 | ₹121 (0.00%) | 28-05-2024 12:05 |
Associated Coaters Limited IPO opens on May 30, 2024 and closes 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 | 05:00 pm, June 3, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹ 121,000 |
| Retail (Max) | 1 | 1000 | ₹ 121,000 |
| HNI (Min) | 2 | 2000 | ₹ 242,000 |
The promoters of the company are Jagjit Singh Dhillon and Navneet Kaur.
| Share Holding Pre Issue | 99.98% |
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.
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
Associated Coaters Limited
Ashuti Khanberia Maheshtala LP
20/83/46, Kolkata, Vivekanandapur, South 24 Parganas,Thakurpukur Mahestola
Phone: +91 98304 37701
Email: info@associatedcoaters.in
Website: https://associatedcoaters.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
| Listing Date | June 6, 2024 |
| Final Issue Price | ₹ 121 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 121 | ₹ 121 |
Associated Coaters Limited IPO is a main-board FPO of 422,000 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 5.11 Crores. The issue is priced at 121 per share. The minimum order quantity is 1000 Shares.
The Associated Coaters Limited IPO opens on May 30, 2024 and closes on June 3, 2024.
Retail Investors: ₹.121,000 (1000 shares) Small HNI : ₹.242,000(2 lots, 2000 shares) Big HNI : ₹.1,089,000(9 lots, 9000 shares)
The finalization of Basis of Allotment for Associated Coaters Limited IPO will be done on Tuesday, June 4, 2024, and the allotted shares will be credited to your demat account by Wednesday, June 5, 2024. Check the Associated Coaters Limited IPO allotment status.