Associated Coaters IPO is a fixed-price issue valued at ₹5.11 crores. The entire offering consists of 4.22 lakh fresh shares. The subscription window for IPO of the Associated Coaters opens on May 30, 2024, and it will close on June 3, 2024. The allotment process is expected to be finalized on Tuesday, June 4, 2024. The company plans to list its shares on the BSE SME with a tentative listing date set for Thursday, June 6, 2024.
The price per share for the IPO of Associated Coaters is ₹121. Retail investors can apply for a minimum lot size of 1000 shares, requiring an investment of ₹121,000. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (2,000 shares), amounting to ₹242,000.
Notably, Associated Coaters operates in the coating and surface treatment sector. The book-running lead manager for this IPO is Gretex Corporate Services Limited, while Bigshare Services Pvt Ltd serves as the registrar for the issue.
Check the GMP of Associated Coaters IPO below:
Associated Coaters IPO Details :
| Company Name | Associated Coaters |
| Sector | Coating and Surface Treating |
| IPO Type | SME |
| IPO Open date | 30th May 2024 |
| IPO Close date | 03rd June 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Associated Coaters IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,21,000 |
| HNI (Min) | 2 | 2000 | 2,42,600 |
Associated Coaters IPO Timeline:
| IPO Open Date | 30th May 2024 |
| IPO Close Date | 03rd June 2024 |
| Basis of Allotment | 04th June 2024 |
| Refund Initiation Date | 04th June 2024 |
| Shares Credit to Demat | 05th June 2024 |
| Listing Date | 06th Jun 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
