Associated Coaters IPO Details Today, GMP Price, Date, Review

Associated Coaters IPO Allotment Status Online

Associated Coaters IPO Details Today : Associated Coaters IPO is Open on 30 May 2024 and Close on 3 June 2024. Associated Coaters IPO to Raise 422,000 shares (Approx ₹5.11 Cr) via IPO. The Fresh issue of 422,000 shares (Approx ₹5.11 Cr).


Associated Coaters is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in Architect and Real Estate Industry. 


The process begins with a comprehensive cleaning, where the targeted surface of aluminium extrusions is thoroughly cleansed of any dirt, grease, or contaminants that might impede the subsequent coating process. Following this, a strategic chemical solution is applied to enhance the adhesion of the powder coating. This involves the application of an acidic solution for surface etching or the use of a specialized pretreatment agent to optimize surface wettability.


The application of powder coating itself is a precision art. Executed with an electrostatic spray gun, this method involves imparting a negative charge to the powder particles. These charged particles are then irresistibly drawn to the positively charged surface, creating a magnetic-like adhesion. The subsequent step involves the melting and fusion of these particles, resulting in a flawlessly even coating.


To fortify the durability of the coating, a carefully calibrated heating process follows. This involves subjecting the coated surface to elevated temperatures, the specifics of which depend on the unique characteristics of the powder coating employed. This curing process not only enhances durability but also ensures a lasting finish.




Associated Coaters IPO Date & Price Band Details

IPO Open Date 30 May 2024
IPO Close Date 3 June 2024
IPO Size 422,000 shares (Approx ₹5.11 Cr)
Fresh Issue 422,000 shares (Approx ₹5.11 Cr)
Lot Size 1000 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹121 Per Every Share
IPO Listing On BSE SME
IPO Retail Quota 50%
IPO QIB Quota -%
IPO NII Quota 50%
DRHP Draft Click Here
Anchor Investor Click Here


Associated Coaters IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 1000 ₹121,000
Retail Maximum 1 1000 ₹121,000
S-HNI Minimum 2 2000 ₹242,000


Object of the Issue

  1. Funding capital expenditure towards installation of plant & machinery in our existing premises
  2. Working Capital Requirements
  3. General Corporate Purposes.


Associated Coaters IPO Allotment & Listing Date (Details)

IPO Open Date 30 May 2024
IPO Close Date 3 June 2024
Basis of Allotment 4 June 2024
Refunds 5 June 2024
Credit to Demat Account 5 June 2024
IPO Listing Date 6 June 2024

Associated Coaters Financial Reports

₹ in Crores
Year Revenue Expense PAT
Sept 2023 ₹232.96 ₹188.06 ₹0.33
2023 ₹358.94 ₹285.57 ₹0.54
2022 ₹139.41 ₹120.94 ₹0.14
2021 ₹- ₹0.14 ₹0.01


Our Company Promoter

  1. Mr. Jagjit Singh Dhillon 
  2. Mrs. Navneet Kaur


Qualitative Factors

  • Experienced Promoters and Management Team.
  • Scalable Business Model.
  • Wide and Diverse Range of Product Offering.
  • Marketing & Branding Efforts.
  • Focus on Increase in Volume of Sales.
  • Increasing the number of Clients.
  • Building-up as on Professional Organization.
  • Continue to attract and retain talent.


Associated Coaters Company Contact Details

Ashuti Khanberia Maheshtala LP 20/83/46, Kolkata,
Vivekanandapur, South 24
Parganas, Thakurpukur Mahestola-
700141 West Bengal, India.
Tel: + 91- 9830437701


Associated Coaters IPO Registrar

S6-2, 6th Pinnacle Business Park, Mahakali Caves Road,
next to Ahura Centre, Andheri East, Mumbai- 400093,
Maharashtra, India
Tel. No.: +91 – 22 – 6263 8200
Investor Grievance Email:
Contact Person: Mr. Vinayak Morbale

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