Associated Coaters IPO

    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.

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    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.

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