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Associated Coaters IPO
Price Band
₹
Issue Size
₹5.11 Cr
Lot Size
1,000 shares
Min Investment
₹121,000
GMP
+₹75.0 (61.98%)
Issue Price
₹121.0
Subject to Sauda
₹57000
Paid only if allotted
Associated Coaters IPO AI Summary
- Associated Coaters IPO is listed on BSE SME in the Other Industrial Products sector.
- Subscription window: 30 May–03 Jun 2024, listing on 06 Jun 2024.
- Current GMP is +₹75.0 (61.98%) — unofficial and can change daily.
Associated Coaters Limited is set to enter the market with a focus on aluminium extrusion coating, showing promising growth in revenue and profit. The IPO proceeds will support its operational expansion and working capital needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Associated Coaters IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Associated Coaters IPO Grey Market Premium (GMP) Today
GMP
+₹75.0
GMP %
+61.98%
Est. Listing
₹196.0
Updated: 25 Jul 2026 14:05
About the Company
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.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 3.65 | 2.96 | 2.02 | 0.03 |
| Total Income | 3.97 | 3.59 | 1.39 | |
| Profit After Tax | 0.76 | 0.54 | 0.14 | -0.00 |
| NET Worth | 1.41 | 0.70 | 0.16 | 0.02 |
| Reserves and Surplus | 0.48 | 0.67 | 0.13 | -0.01 |
| Total Borrowing | 0.10 | 0.10 | 0.10 | 0.00 |
Key Ratios
EPS
₹5.84
NAV
₹15.17
ROE
71.66%
ROCE
68.30%
RoNW
53.69%
P/B Value
7.98
P/E Ratio
20.72
Market Cap
₹16.36 Cr
PAT Margin
19.08%
Debt/Equity
0.07
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Associated Coaters Limited This IPO | 234.48 | 77.19% | 20.72 | 5.84 | 5.84 |
Promoters
Jagjit Singh Dhillon and Navneet Kaur
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure towards installation of Plant & Machinery in our existing premises 1.45 2 Working Capital Requirements 2.00 3 General Corporate Purposes 0.49
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹3.59 Cr for the year ended 31 Mar 2023, increasing to ₹3.97 Cr by 31 Dec 2023. This indicates a positive trend in revenue generation over the periods.
Profit Trend
Profit After Tax was ₹0.54 Cr for the year ended 31 Mar 2023, rising to ₹0.76 Cr by 31 Dec 2023. This growth reflects an improvement in profitability during this period.
Valuation
At the issue price of ₹121.0, Associated Coaters has an implied P/E ratio of approximately 20.72, which is in line with its peer group's P/E range.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the unofficial market before they are listed on the stock exchange. A positive GMP suggests strong demand for the IPO, while a negative GMP indicates lower demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with the inherent uncertainties of investing in IPOs may want to avoid this offering. It's crucial to assess personal financial situations and investment goals before participating.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Associated Coaters's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Associated Coaters IPO GMP today?
Associated Coaters IPO GMP today is +₹75.0 (61.98%). GMP is an unofficial grey-market indicator and can change daily.
When does Associated Coaters IPO open and close?
Associated Coaters IPO opens on 30 May 2024 and closes on 03 June 2024.
When does Associated Coaters IPO list on the stock exchange?
Associated Coaters IPO listed on 06 June 2024 at ₹196.0.
What is the lot size for Associated Coaters IPO?
The lot size for Associated Coaters IPO is 1000 shares, requiring a minimum investment of ₹121,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹121,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹121.0.
When is the listing date for the shares?
The listing date for the shares is June 6, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 May 2024
Close
03 Jun 2024
Allotment
04 Jun 2024
Listing
06 Jun 2024
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