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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹5.11 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹5.11 Cr |
| Fresh Issue | ₹4.31 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹121.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544183 |
| Registrar |
Bigshare Services Pvt.Ltd. |
| Lead Managers | Gretex Corporate Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,000 shares and in multiples thereof
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 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 |
| 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 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 71.66% |
| ROCE | 68.30% |
| Debt / Equity | 0.07% |
| RoNW | 53.69% |
| PAT Margin | 19.08% |
| Price to Book Value | 7.98 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.84 | 3.20 |
| P/E (x) | 20.72 | 37.78 |
| Promoter Holding | 100.00% | 68.79% |
| Market Cap | ₹16.36 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.40 |
| 2 | Market Making Fees | 0.43 |
| 3 | Underwriting Fees | 0.25 |
| 4 | Fees payable to Registrar to Issue | 0.02 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.02 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.01 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.00 |
| 10 | Payment to Sponsor Bank | 0.01 |
| 11 | Statutory & Other Reports | 0.02 |
