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15 Days Price Change

Associated Coaters IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 121  to  121 per share
Profile
Min Investment ₹121
Profile
Lot Size 1
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Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Associated Coaters Limited is a prominent company specializing in industrial coating solutions. Established with a commitment to quality and innovation, the company offers a wide range of services including protective coatings, corrosion control, and surface preparation for various industries such as oil and gas, marine, infrastructure, and manufacturing. Utilizing advanced technology and adhering to stringent industry standards, Associated Coaters Limited ensures superior protection and longevity of assets. The company prides itself on its skilled workforce, comprehensive service offerings, and customer-centric approach, making it a trusted partner for businesses seeking reliable and efficient coating solutions. With a focus on sustainability and environmental responsibility, Associated Coaters Limited continually evolves its practices to meet the dynamic needs of its clients while contributing positively to the industry's ecological footprint. Read More

Basic Info

Face Value 10 per share

Price 121  to  121 per share

P/E (x) 15.3

Sales( Cr.) 6

PAT( Cr.) 1

EPS 7.9

Draft Prospectus --

Exchange BSE-SME

Promoter

Company Promoters

Jagjit Singh Dhillon Navneet Kaur.

Pre Issue Share Holding 100%

Post Issue Share Holding 55.24%

Listing Details:

Listing Price: 142

Listing Gain: 14.79%

Current Price: 92.6

Gain On Issue: 92.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date May 30, 2024
Closing Date Jun 03, 2024
Allotment Jun 04, 2024
Refund Jun 05, 2024
Delivery of Shares Jun 05, 2024
Listing Date Jun 06, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 121,000
Retail (Max) 1 1000 121,000
S-HNI (Min) 2 2000 242,000
S-HNI (Max) 8 8000 968,000
B-HNI (Min) 9 9000 1,089,000

Objective of the Issue

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

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 211000 50561930 239.6x
Retail 211000 104442890 495x
EMP 0 0 0x
Total 422000 156621080 371.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Associated Coaters Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 1 4 5 6
Other Income 0 0 0 0 0
Total Income 0 1 4 5 6
Total Expenditure 0 1 3 4 4
Operating Profit -0 0 1 2 2
Interest 0 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax -0 0 1 1 1
Provision for Tax 0 0 0 0 0
Profit After Tax -0 0 1 1 1
Adjustments 0 0 0 0 0
Profit After Adjustments -0 0 1 1 1
Adjusted Earnings Per Share -0 1.5 5.9 10.6 7.9

Associated Coaters Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 0 1 2 7
Minority's Interest 0 0 0 0 0
Borrowings 0 0 1 0 0
Other Non-Current Liabilities 0 0 0 0 -0
Total Current Liabilities 0 2 2 2 2
Total Liabilities 0 2 3 5 9
Fixed Assets 0 1 0 1 2
Other Non-Current Assets 0 0 0 0 0
Total Current Assets 0 1 2 4 7
Total Assets 0 2 3 5 9

Associated Coaters Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 1 1
Cash Flow from Operating Activities 0 1 1 1 -0
Cash Flow from Investing Activities 0 -1 -0 -1 -2
Cash Flow from Financing Activities 0 0 -0 -0 4
Net Cash Inflow / Outflow 0 0 1 -0 2
Closing Cash & Cash Equivalent 0 0 1 1 3

Associated Coaters Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.02 1.47 5.88 10.62 7.85
CEPS(Rs) -0.02 1.89 6.69 12.2 9.78
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 0.25 1.73 7.66 17.84 50.14
Core EBITDA Margin(%) 0 16.08 22.88 27.99 28.61
EBIT Margin(%) 0 13.26 20.77 25.26 24.23
Pre Tax Margin(%) 0 13.25 20.62 25.11 24.13
PAT Margin (%) 0 9.81 15.23 18.36 17.82
Cash Profit Margin (%) 0 12.63 17.34 21.09 22.2
ROA(%) -5.15 13.37 21.97 26.41 15.35
ROE(%) -6.06 148.91 125.33 83.29 25.17
ROCE(%) -5.58 128.96 91.34 80.41 32.49
Receivable days 0 355.73 145.81 137.22 190.12
Inventory Days 0 7.46 3.45 8.17 17.72
Payable days 0 329.15 203.67 174.66 216.64
PER(x) 0 0 0 0 12.61
Price/Book(x) 0 0 0 0 1.98
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0 0.04 0.01 0.13 1.81
EV/Core EBITDA(x) -3.93 0.22 0.02 0.48 6.33
Net Sales Growth(%) 0 0 157.47 49.83 10.78
EBIT Growth(%) 0 0 303.41 82.21 6.26
PAT Growth(%) 0 9864.29 300 80.58 7.52
EPS Growth(%) 0 9864.34 300 80.58 -26.04
Debt/Equity(x) 0.09 0.63 0.93 0.21 0.01
Current Ratio(x) 18.93 0.85 1.56 1.46 2.93
Quick Ratio(x) 18.93 0.84 1.54 1.38 2.78
Interest Cover(x) 0 1848 138.06 167.7 257.75
Total Debt/Mcap(x) 0 0 0 0 0.01

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 82% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -29% NA% NA% NA%
ROE Average 25% 78% 75% 75%
ROCE Average 32% 68% 66% 66%

Company Contact Information

Associated Coaters Ltd.

Ashuti Khanberia Maheshtala L P 20/83/46 Vivekanandapur, South 24 Parganas Thakurpukur Mahestola

IPO Lead Manager(s)

Associated Coaters Ltd.

Gretex Corporate Services Ltd.

Registrar Info

Associated Coaters Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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