Associated Coaters Limited

About the company

## **About  Associated Coaters Limited** Incorporated 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: 1.  Funding capital expenditure towards installation of plant & machinery in the existing premises 1. Working Capital Requirements 1. General Corporate Purposes. Here are key details about the Associated Coaters Limited IPO: Company Name| **Associated Coaters Limited**|  | Associated Coaters Limited IPO Opening Date| **May 30, 2024** ---|---|---|---|--- Company Established On|**2017**Associated Coaters Limited IPO Price band|**₹121 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   30 May 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   03 Jun 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   01 Jun 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   05 Jun 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   04 Jun 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   06 Jun 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.