Associated Coaters IPO opens today: Check issue size, price band, GMP and other details
SME IPO of Associated Coaters opened for subscription earlier today and will close on June 3. The company aims to raise about Rs 5.11 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Associated Coaters
The company is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in the architecture and real estate industry.
2) Industry overview
India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction. To enhance India's commercial services exports, share in the global services market from 3.3% and permit a multi-fold expansion in the GDP, the government is also making significant efforts in this direction.
3) Associated Coaters IPO size
The IPO is entirely a fresh equity issue of 4.22 lakh shares and through the issue, the company aims to raise nearly Rs 5.11 crore.
4) Associated Coaters IPO price band
The company is offering its shares at Rs 121 apiece, and investors can bid for 1,000 shares in 1 lot.
5) Associated Coaters IPO financial performance
For the period ended December 2023, the company clocked revenues of Rs 3.97 crore and net profit of Rs 75 lakh.
Also Read: GSM Foils IPO allotment to be finalised today.
