Associated Coaters Limited IPO

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30th May 2024 – 03rd Jun 2024
06 Jun 2024
₹121 – ₹121
1000 shares (₹121000)

About


Associated Coaters Limited is launching its IPO. The offer opens for subscription on May 30, 2024, and closes on June 3, 2024.

Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on listing.

What does Associated Coaters Limited do?

Associated Coaters Limited, located in Vivekanandapur, Kolkata, specializes in pre-treatment and powder coating of aluminum extrusions for the architectural and real estate industries. Their process involves thorough cleaning, chemical treatment for adhesion, precise electrostatic powder application, and high-temperature curing for durability. With a six-year journey, the company has become an Approved Applicator for brands like Akozonobel, Jotun, and Asian Paints, boasting a capacity of 1,200 metric tons annually with both manual and automatic coating plants.

Their commitment to quality is demonstrated through ISO 9001:2015 certification, continuous investment in advanced equipment, and rigorous quality control processes. Converted from a Private Limited to a Public Limited company in December 2023, they pride themselves on timely deliveries, a skilled workforce, and strong management, driven by their promoter’s extensive industry experience since 2006.

Schedule/Timeline of Associated Coaters Limited IPO

Issue Period 30th May to 3rd June 2024
UPI Mandate Deadline Until 5 PM on the issue closing day
Allotment Finalization June 04, 2024
Refund Initiation June 05, 2024
Share Credit June 05, 2024
Listing Date June 06, 2024
Mandate end date June 18, 2024
Lock-In End Date for Anchor Investors (50%) July 04, 2024
Lock-In End Date for Anchor Investors (Remaining) September 02, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Associated Coaters Limited IPO?

You can apply for the Associated Coaters Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Associated Coaters Limited IPO?

You can check the allotment status for the Associated Coaters Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.