Associated Coaters Limited

Company Profile
Company Name Associated Coaters Limited
Open Date 30-05-2024
Close Date 03-06-2024
Exchange BSE SME
Lot Size 1000 Shares
Issue Price ₹121 per share
Issue Size 4,22,000 shares
Application Amount ₹1,21,000
Recommendation Avoid
Associated Coaters Limited was incorporated in 2017 and has its registered office situated in Kolkata, engaged in the business of providing services by way of pre-treatment & powder coating of aluminium extrusions in Architect and Real Estate Industry. The Company’s yearly capacity is 1,200 metric tons with an Automatic Coating Plant and Manual Coating Plant. The company operates two manual powder coating plants and one fully automatic powder coating plant established in July 2017. As an ISO 9001:2015 certified organization, the Company adheres to a robust Quality Management System. The Company provides services such as Powder Coating, PVDF Coating, Wood Film Coating, and Industrial Fabrication. As on November 30, 2023, the company had 15 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 2.72 201.80 296.13 364.75
Net Assets 2.38 16.05 70.34 141.11
Total Borrowings 0.20 10.10 9.90 9.90
Total Revenue - 139.41 358.94 397.00
Profit After Tax -0.14 13.66 54.29 75.77

Tentative Timeline

Opening Date 30-05-2024
Closing Date 03-06-2024
Basis of Allotment 04-06-2024
Initiation of Refunds 05-06-2024
Credit of Shares to Demat 05-06-2024
Listing Date 06-06-2024

Objects of the Issue

Funding Capital Expenditure towards installation of plant & machinery in the existing premises
Working capital requirements
General Corporate Purpose

Contact Information

Registered Office Associated Coaters Limited Ashuti Khanberia Maheshtala LP 20/83/46, Kolkata, Vivekanandapur, South 24 Parganas, , Thakurpukur Mahestola
Phone +91 98304 37701
Email info@associatedcoaters.in
Website https://associatedcoaters.in/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Retail Shares Offered 50% of the net offer
Other Shares Offered 50% of the net offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 68.79%

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