Associated Coaters Limited IPO
- IPO Date30 May, 2024 to 03 Jun, 2024
- Listing Date06 Jun, 2024
- Face Value₹10 per share
- Issue Price₹121 to ₹121 per share
- Lot Size1000 Shares
- Minimum Investment₹1,21,000
- Listing AtBSE SME
- Total Issue Size4,22,000 Shares
(aggregating up to ₹5.11 Cr) - Fresh Issue4,22,000 Shares
(aggregating up to ₹5.11 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue9,30,000
- Shareholding post issue13,52,000
IPO Dates
Closing Date
03 Jun, 2024
Initiation of Refunds
05 Jun, 2024
Listing Date
06 Jun, 2024
30 May, 2024
Opening Date
04 Jun, 2024
Basis of Allotment
05 Jun, 2024
Credit of Shares
Associated Coaters Limited Lot Size
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 |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 1000 | ₹1,21,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1000 | ₹1,21,000 |
| S-HNI (Min) | 2 | 2000 | ₹2,42,000 |
Associated Coaters Limited Promoter Holding
The promoters of the company are Jagjit Singh Dhillon and Navneet Kaur.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 68.79% |
Associated Coaters Limited COMPANY INFORMATION
Associated Coaters IPO is a fixed price issue of Rs 5.11 crores. The issue is entirely a fresh issue of 4.22 lakh shares. Associated Coaters IPO bidding started from May 30, 2024 and ended on June 3, 2024. The allotment for Associated Coaters IPO was finalized on Tuesday, June 4, 2024. The shares got listed on BSE SME on June 6, 2024. Associated Coaters IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹242,000. Gretex Corporate Services Limited is the book running lead manager of the Associated Coaters IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Associated Coaters IPO is Gretex Share Broking. Refer to Associated Coaters IPO RHP for detailed information.
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.
FAQs About Associated Coaters Limited Ipo
Associated Coaters Limited IPO will open on 30 May, 2024 and close on 03 Jun, 2024. Investors must apply within this period to participate.
The Associated Coaters Limited IPO price band is set between ₹121.00 and ₹121.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹121000.00.
The Associated Coaters Limited IPO shares are expected to be listed on 06 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your Associated Coaters Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Associated Coaters Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.