June 6, 2024
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Associated Coaters IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Associated Coaters IPO Listing Review:
The scrip is listed at Rs.142, premium of 17.36% over the issue price of Rs.111. This listing has been very much below the expectations of the grey market players.
What is the last GMP of Associated Coaters IPO?*
Premium: Rs. 75
Min Application Rs.
Subject to Rs. 57000
Check Subscription status of Associated Coaters IPO
On 3 June 2024 @ 5.00 (Day 3) (Closed)
Review: Strong trend in RIIs
NII: 239.63 T
RII: 494.99 T
Total: 371.14 T
Application: 131588 (739.26X)
Amount wise Subscription: Rs. 1774 Crore
What is the business of Associated Coaters ?
Associated Coaters is engaged in the business of PVDF Coating and powder coating.
Get more information about the company @
| Associated Coaters IPO Details | |
| IPO opens on | 30 May 2024 |
| IPO closes on | 3 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 416400 Shares / Rs 5.04 Crore |
| * Fresh Issue | 416400 Shares / Rs 5.04 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 21600 Shares |
| Net offer to Public | 394800 Shares/ Rs.4.78 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.121 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | BSE SME |
| Shares offered in Associated Coaters IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | – | – |
| NII (15%) | 197400 | 2.39 |
| RII (35%) | 197400 | 2.39 |
| Total Shares | 394800 | 4.78 |
| Retail portion will be oversubscribed by | 197 | |
| Forms | ||
| How much Shares to Apply in Aimtron Electronics IPO? | ||
| Min Retail Application | 1000 Shares | Rs. 121000 |
| Min HNI Application | 2000 Shares | Rs.242000 |
Who are the Promoters of Associated Coaters IPO?
The promoters of the company are Mr. Jagjitsingh Dhillon and Mrs. Navnit Kaur.
What are the Objects of Associated Coaters IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1.Funding Capital Expenditure towards installation of plant and machinery in its existing premises
2.Funding to meet working capital requirements
3.General Corporate Purpose.
| Associated Coaters IPO Tentative timetable | |
| IPO opens on | 30 May 2024 |
| IPO Closes on | 3 June 2024 |
| IPO Allotment on | 4 June 2024 |
| Refund Initiation | 5 June 2024 |
| Credit of Shares | 5 June 2024 |
| Listing on | 6 June 2024 |
| Registered Office of the Company Ashuti Khanberia Maheshtala LP 20/83/46 Kolkatta, Vivekandapur, South 24 Paraganas Thakurpukur Mahestola,West Bengal, India |
| Who is the Lead Manager of Associated Coaters IPO? Greatex Corporate Services Ltd |
| Who is the Registrar to IPO? Bigshare Services Private Ltd |
| Associated Coaters IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | – | – | ||
| 2021-22 | 1.39 | 0.14 | 1.47 | 85.17 |
| 2022-23 | 3.59 | 0.54 | 5.84 | 77.19 |
| Book Value of the Share on (reworked after Bonus) | 31.03.2023 | Rs 7.56 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 121 | |||
| Associated Coaters IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 20.72 |
| Price/BV Ratio | 16.00 |
| Upper price/BV after IPO | – |
How Associated Coaters IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Associated Coaters IPO To the point Guidance
Associated Coaters is engaged in the business of PVDF Coating and powder coating.
Size: The net offer is of Rs. 4.78 Crore/394800 shares. Retail portion is Rs. 2.39 crore and it can get one time subscribed with 197 applications. The size of the IPO is very small, looking to the investor frenzy and huge oversubscription is possible.
Financial Snapshot: The profitability and scale of the business is very small. However small size of the IPO and market fancy for the SME IPOs can bring in huge oversubscription for this IPO. Because of the small size and expectations of huge oversubscription, it may carry premium in the grey market. Chances of allotment very low. Apply.
Quicklinks
Associated Coaters IPO GMP today details?
Associated Coaters IPO
Associated Coaters IPO FAQs
What is Associated Coaters IPO?
Aimtron Electronics is a SME IPO of 5404800 equity shares of the face value of Rs. 10 aggregating up to Rs.87.02 Crores. The issue is priced at Rs.153-161 per share. The minimum order quantity is 800 Shares.
When will Associated Coaters IPO open?
Aimtron Electronics IPO opens on May 30, 2024, and closes on June 6, 2024.
What is the lot size of Associated Coaters IPO?
Aimtron Electronics IPO lot size is 800 Shares, and the minimum amount required is Rs.128800.
How to apply for Associated Coaters IPO?
You can apply in Aimtron Electronics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Associated Coaters IPO allotment?
The finalization of Basis of Allotment for Aimtron Electronics IPO will be done on 4 June, 2024, and the allotted shares will be credited to your demat account by June 5, 2024.
When is Associated Coaters IPO listing date?
Aimtron Electronics IPO listing date is June 6, 2024.
