Associated Coaters Limited
ASSOCIATED
₹121-121
per share
Bidding Dates
30-3 Jun
Min. Investment
₹1,21,000.00
Lot Size
1000 shares
Issue Size
₹5.11 Cr
IPO Timeline
Bidding starts
30 May ‘24
Bidding ends
03 Jun ‘24
Allotment finalisation*
04 Jun ‘24
Refund initiation*
05 Jun ‘24
Demat transfer
05 Jun ‘24
Listing
06 Jun ‘24
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
About Associated Coaters LimitedIncorporated in 2017, Associated Coaters Limited engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in the 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 specialised pretreatment agent to optimise 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. Post-curing, a meticulous inspection is conducted to guarantee uniform application and adherence to specified thickness standards. Any detected defects or imperfections are rectified at this stage, showcasing our unwavering commitment to delivering a flawless product. Only after passing our stringent quality checks does the coated item move to the final stages of packaging and shipment. The dedication to precision and quality underscores every step of their process, ensuring that their customers receive nothing short of excellence in every coated aluminium extrusion. Over their six-year journey, the company has evolved into the Approved Applicator of Akzonobel, Jotun, and Asian Paints in Architectural coating. The yearly capacity is 1,200 metric tons which includes Automatic Coating Plant and Manual Coating Plant, making us a growing player in eastern India in terms of aluminium extrusion coaters. The Continuous investments in cutting-edge equipment have positioned us at the forefront of technology. Currently, they operate two manual powder coating plants and a fully automatic powder coating plant established in July 2017. The commitment to innovation is evident in the installation of a Decoral wood finish line in September 2017 and a PVDF Coating Line in 2023. Striving for quality improvement is at the core of their mission. Associated Coaters Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:
Here are key details about the Associated Coaters Limited IPO:
|
IPO analysis
Registrar information
Name
Bigshare Services Pvt Ltd
Phone number
91-22-6263 8200
Email ID
ipo@bigshareonline.com
Red herring prospectus
View documents submitted by company in filing to understand more details about them.
Interested in investing in an IPO?
Open free Demat + trading account and join our 1 crore+ successful users.
Already have an account with Upstox?
Login